Raiffeisen Bank International AG's preliminary full-year 2017 consolidated net profit rose to €1.12 billion from €520 million in 2016, taking into account its merger with former majority owner Raiffeisen Zentralbank Österreich AG.
Net interest income was at €3.21 billion in the period, higher than €3.20 billion in the year-ago period. Net fees and commissions income also increased on a yearly basis, to €1.72 billion from €1.60 billion.
Net provisioning for impairment losses declined to €287 million in 2017 from €758 million in 2016.
The lender's nonperforming loan ratio also fell to 5.7% in 2017 from 8.7% a year ago, driven by low NPL inflows, NPL sales and NPL write-downs in the year, according to the lender.
At the end of December 2017, the bank's fully loaded common equity Tier 1 ratio before dividend stood at 13.0%, compared to 12.4% at the end of 2016. On a transitional basis, the bank's CET1 ratio before dividend was 13.2% at the end of 2017, compared to 12.7% at 2016-end. The bank's fully loaded, pre-dividend total capital ratio came in at 18.1%, up from 17.1% a year ago. On a transitional basis, the total capital ratio was at 18.2% in the period, compared to 17.4% in 2016.
For the fourth quarter of 2017, the bank reported preliminary consolidated net profit of €206 million and pretax profit of €311 million. The bank said it will publish its full 2017 annual report March 14.
