Raiffeisen Bank International, the Vienna-headquartered pan-European lender, reported a full-year 2024 consolidated profit of EUR 1,157 million, a decline of 51.5% from EUR 2,386 million recorded in 2023.
The figures, first announced in RBI's preliminary results on 4 February 2025, were confirmed in the Annual Financial Report published on 25 February 2025.
RESULTS EXCLUDING RUSSIA
Stripping out Russia and Belarus, profit for the year totalled EUR 975 million, a figure that management indicated provides a more representative and meaningful measure of the group's core performance.
On a pro forma basis excluding Russia, net interest income was flat at EUR 4,281 million and net fee and commission income rose 6% to EUR 1,830 million, according to the Annual Financial Report.
The CET1 capital ratio stood at 17.1% at group level (15.1% excluding Russia).
CHARGES BEHIND THE DECLINE
The 51.5% profit decline reflects a EUR 840 million legal provision booked by AO Raiffeisenbank in Russia and a EUR 824 million deconsolidation loss on the sale of the Belarusian units.