Raiffeisen Bank International (ISIN: AT0000606306) plans to pay a dividend of up to EUR 0.80 per share for the 2022 financial year, even if the timing of the decision is still open and the decision on the distribution is unlikely to be made at the next general meeting ( March 30, 2023).
The timing of the decision and the passing of resolutions in an extraordinary general meeting will depend on capital ratios and ongoing strategic considerations, as was further reported on Tuesday evening. Any decision to pay a dividend will depend on the group’s capital position excluding Russia. As things stand at present, profits from Russia and Belarus cannot be distributed.
In the past financial year, net profit climbed to EUR 3.63 billion, also thanks to the Russian business, after EUR 1.37 billion in the previous year, as the Vienna-based institute further announced on the basis of preliminary business figures. Excluding Russia and Belarus and the profit from the sale of the Bulgarian units (EUR 453 million), the consolidated result rose by 35 percent to EUR 982 million. A decision on whether to continue the controversial business in Russia is still pending. The Common Equity Tier 1 (CET1) ratio rose from 13.1 to 16 percent. By the end of 2023, this should be over 15 percent and excluding RU/BY over 13.5 percent.
RBI shares have been listed on the Vienna Stock Exchange since April 25, 2005. The Raiffeisen Landesbanken together hold around 58.8 percent of the RBI shares, the rest is in free float. With a total of around 44,000 employees, Raiffeisen Bank International looks after around 17 million customers in 1,700 branches, the majority of them in Central and Eastern Europe (CEE). It is the second largest bank in Austria.
Editorial team MyDividends.de
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