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Reports

Third Quarter Report 2024

RBI 1-9/2024: EUR 856 million consolidated profit excluding Russia and Belarus, FY 2024ROE guidance revised down on higher Poland provisions

  • Consolidated profit of EUR 856 million excluding Russia and Belarus, including EUR 493 million provisions for CHF and EUR mortgage loans in Poland
  • Core revenues excluding Russia and Belarus slightly down at EUR 1,481 million quarter-over-quarter, reflecting muted business activity in Q3
  • Provisioning ratio for the Group excluding Russia and Belarus stable at around 30 bps in Q3
  • CET1 ratio excluding Russia improves to 15.3% (Group CET1 ratio unchanged at 17.8%)
  • Russia: Significant de-risking accelerates – customer loans down almost 67% since peak in Q2/2022 and down 23% quarter-over-quarter, current account deposits down 26% quarter-over-quarter
  • ROE guidance for 2024 adjusted to 7.5%, excluding Russia and Belarus

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