RAIFF - Raiffeisen Bank International (RAIFF) Q2 2024 Earnings Call Transcript
2024-07-30 13:00:27 ET
Raiffeisen Bank International (RAIFF)
Q2 2024 Earnings Conference Call
July 30, 2024 08:00 AM ET
Company Participants
Johann Strobl - Chief Executive Officer
Hannes Mosenbacher - Chief Risk Officer
Conference Call Participants
Mehmet Sevim - JPMorgan
Matt Nimetz - UBS
Gabor Kemeny - Autonomous Research
Johannes Thormann - HSBC
Lee Street - Citigroup
Simon Nellis - Citibank
Iuliana Golub - Goldman Sachs
Krishnendra Dubey - Barclays
Presentation
Operator
Good afternoon, ladies and gentlemen, and welcome to the Q2 2024 Results Conference Call of Raiffeisen Bank International. Today's conference is being recorded.
At this time, I'd like to turn the conference over to Mr. Johann Strobl, Chief Executive Officer. Please go ahead, sir.
Johann Strobl
Good afternoon, ladies and gentlemen, and welcome to our half-year ‘24 update call. Thank you for taking the time to join us today, and I hope that you will enjoy your summer break once the current reporting window is over.
In the first half of the year, we can report a consolidated profit of 1.3 billion and more importantly, 604 million excluding the profits in Russia and Belarus. Our return on equity stands at 15% for the group and around 10% or 9%, sorry for excluding Russia and Belarus. Finally, the CET-1 ratio improves to 17.8% for the Group, largely driven by the appreciation in the quarter, and remains stable for the pyramid, excluding Russia and Belarus.
On Slide 5, we can report that loan growth is picking up confirming the green shoots observed in the first quarter. In our core customer business, the good dynamics in retail unsecured improved further various mortgages and corporate lending, which were quite in Q1, have also accelerated....
Raiffeisen Bank International (RAIFF) Q2 2024 Earnings Call Transcript