EBA stress test results for Raiffeisen-Landesbanken-Holding GmbH

Autor:

Bancherul.ro
2016-08-01 08:11

Publication of EBA stress test results for Raiffeisen-Landesbanken-Holding GmbH (press release):

The results of the European Central Bank (ECB) stress test for Raiffeisen-Landesbanken-Holding GmbH, the majority shareholder of Raiffeisen Zentralbank Österreich AG (RZB), have been published.

RZB and consequently Raiffeisen Bank International AG (RBI) were – as part of Raiffeisen-Landesbanken-Holding GmbH – also examined in the ECB stress test. The data published relates to Raiffeisen-Landesbanken-Holding GmbH. This year, the ECB did not set a minimum capital ratio requirement (CET1 ratio) for passing the stress test. The results of the scenarios were calculated based on the balance sheet structure as at 31/12/2015.

“The initial CET1 ratio of 10.5 per cent was very low. Hence, our expectations were moderate right from the beginning. The adverse scenario constructed by EBA assumed very low GDP growth rates for the markets in CEE and a particularly negative NPL development”, says Walter Rothensteiner, CEO of Raiffeisen Zentralbank Österreich AG (RZB).

As at 31/12/2015, the CET1 ratio (transitional) of Raiffeisen-Landesbanken-Holding GmbH stood at 10.5% and the CET1 ratio (fully loaded) was 10.2%. In the baseline scenario, the CET1 ratio (transitional) increased to 12.4% at the end of 2018, and the CET1 ratio (fully loaded) stood at 12.3% as at the same date. In the adverse scenario, the CET1 ratio (transitional) and CET1 ratio (fully loaded) are both 6.1% as at 31.12.2018.

Strengthening the capital position is a principal objective of the RZB Group. For this reason, RBI launched a transformation program at the beginning of 2015, with the aim of reaching a CET1 ratio (fully loaded) of at least 12% by the end of 2017.

As the stress test is based on the balance sheet as at 31/12/2015, key aspects of the transformation program are not reflected in the scenarios. These include the planned sale of the Polish operations, the sale of the Slovenian bank (now concluded), the winding down of the US operations, downscaling in Asia and further reduction of risk-weighted assets in Russia. Furthermore, RZB has initiated additional measures with a positive impact on the capital structure.

„We are aware of our capital situation and have been implementing for some time appropriate measures to strengthen our capital base. RBI’s transformation program, the announced partial sale of UNIQA shares and simplifying the Group’s structure are part of these measures”, says Rothensteiner.

Comentarii

Adauga un comentariu

(nu se afiseaza pe site)
Turing Number

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii