Johann Strobl
Chief Executive Officer
Replay available
Raiffeisen Bk Intl Ag Ord (RAIFF) Q4 2024 Earnings Call
Raiffeisen Bk Intl Ag Ord (OTC: RAIFF) Q4 2024 earnings conference call, held 2025-02-04. Replay captured from the company's public earnings webcast.
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Hannes Androsch
Chief Financial Officer
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Replay transcript excerpt
WEBVTT 00:00:00.439 -- 00:00:05.563 Good afternoon, ladies and gentlemen, and welcome to the preliminary results 2024 00:00:05.563 -- 00:00:08.966 conference call of Reifeisen Bank International. 00:00:08.966 -- 00:00:11.808 Today's conference is being recorded. 00:00:11.808 -- 00:00:14.510 At this time, I would like to turn the conference over to Mr. 00:00:14.510 -- 00:00:20.093 Johann Strobl, Chief Executive Officer. Please go ahead, sir. 00:00:20.775 -- 00:00:24.477 Thank you. Good afternoon, ladies and gentlemen. 00:00:24.477 -- 00:00:28.419 Welcome to our full year 2024 results call. 00:00:29.207 -- 00:00:35.289 I hope that you have had a good start to the year and I thank you for joining us today. 00:00:35.289 -- 00:00:41.391 Let me begin with a few overview slides before we dig into the quarterly trends. 00:00:41.391 -- 00:00:46.532 We start with slide 4 where we can report group consolidated profits of 00:00:46.532 -- 00:00:48.393 1 billion 00:00:48.393 -- 00:00:50.733 157 million 00:00:50.733 -- 00:00:57.348 and a 9.4% return on equity excluding the OCI recycling in Belarus. 00:00:57.348 -- 00:01:02.370 This is, of course, a substantial drop in consolidated profit year on year 00:01:02.370 -- 00:01:05.871 and it includes two major effects in the fourth quarter. 00:01:05.871 -- 00:01:09.473 The first is the provision in Russia related 00:01:09.473 -- 00:01:13.834 to the recent court decision what we have from the Rasperia case. 00:01:13.834 -- 00:01:19.476 The second effect is the sale of Belarus with a PLN impact of minus 00:01:19.476 -- 00:01:25.050 824 million. I will discuss both of these in just a moment. 00:01:25.050 -- 00:01:29.994 Focusing on the core group, which excludes Russia and Belarus, we can report consolidated 00:01:29.994 -- 00:01:31.975 pro...