RBI: 1-9/2020 Results € 599 million consolidated profit despite impact from COVID-19



  • Net interest income down 2 per cent year-on-year due to the depreciation of several CEE currencies and key rate cuts; net fee and commission income down 3 per cent, largely due to the lockdowns in the second quarter
  • General administrative expenses down 4 per cent year-on-year
  • Loans to customers stable year-to-date in euro terms, while up in most countries in local currencies
  • Provisioning ratio of 0.72 per cent in the first nine months; increase primarily driven by COVID-19 effects
  • Consolidated profit of € 599 million, negatively impacted by higher risk costs and impairments on companies valued at equity (other result)
  • Net interest margin declined by 20 basis points quarter-on-quarter to 2.00 per cent mainly due to key rate cuts
  • NPE ratio and NPE coverage ratio slightly improved year-to-date to 1.9 per cent and 63.8 per cent, respectively
  • CET1 ratio of 13.1 per cent (including result); 2019 initial dividend proposal remains deducted from CET1 ratio (41 basis points)

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