RBI: First Quarter Report 2023

Core revenues and earnings remain strong – FY 2023 ROE guidance increased

• Net interest income excluding Russia and Belarus stable quarter-on-quarter, while decreasing in Russia and Belarus
• Net fee and commission income excluding Russia and Belarus down 5% quarter-on-quarter, largely due to seasonality, significant decrease in Russia
• Risk costs of EUR 301 million, largely driven by EUR 278 million in Russia and Belarus
• CET1 ratio at 16.0% (transitional, incl. result), excluding Russia 13.7%
• ROE guidance increased on the back of better core revenue expectations
  

Please find the full version of the press release in the pdf attached here