Replay available
Raiffeisen Bk Intl Ag Ord (RAIFF) Q1 2025 Earnings Call
Raiffeisen Bk Intl Ag Ord (OTC: RAIFF) Q1 2025 earnings conference call, held 2025-05-06. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:01.487 -- 00:00:06.671 Good afternoon, ladies and gentlemen. Sorry for the delay. 00:00:06.671 -- 00:00:12.695 Thank you for taking the time out of your day to join us for our Q1 update. 00:00:12.695 -- 00:00:17.718 We can report consolidated profit of Euro 260 million in the quarter 00:00:17.718 -- 00:00:22.722 in the core of the group, excluding Russia, for a return on equity of 7.3%. 00:00:22.722 -- 00:00:24.563 As 00:00:24.563 -- 00:00:29.867 is the case every year, we have booked a large portion, but not all, of expected governmental 00:00:29.867 -- 00:00:31.465 measures 00:00:31.465 -- 00:00:35.326 and other contributions in the first quarter. 00:00:35.326 -- 00:00:40.588 Now I see the one ratio also excluding Russia comes in at 15.9% 00:00:40.708 -- 00:00:44.809 with the implementation of the CRR3, 00:00:44.850 -- 00:00:49.551 some relief on operational risk and very modest loan growth. 00:00:49.551 -- 00:00:52.893 I will cover all of these in just a minute. 00:00:52.893 -- 00:00:58.114 Looking at the main revenues, net interest income was stable in the quarter whereas fees 00:00:58.114 -- 00:01:00.861 were modestly weaker 00:01:00.861 -- 00:01:05.924 As we usually see it in the first quarter, compared to quarter one of 00:01:05.924 -- 00:01:11.067 last year, fees are up 8%. The cost-income ratio has 00:01:11.067 -- 00:01:16.130 increased compared to Q1 last year in part due to pressure on OPEX, but 00:01:16.130 -- 00:01:19.092 also due to some effects on the revenue side. 00:01:19.092 -- 00:01:24.596 Income from associates was lower, although this effect is offset by release of impairments 00:01:24.596 -- 00:01:29.320 in other results, and therefore neutral in the bottom line. 00:01:29.320 -- 00:01:34.363 and therefore neutral trading income was ...