2013 Raiffeisenlandesbank NÖ-Wien. Raiffeisenlandesbank Niederösterreich-Wien AG Overview

Transcription

1 2013 Raiffeisenlandesbank NÖ-Wien Raiffeisenlandesbank Niederösterreich-Wien AG Overview

2 Corporate profile. Raiffeisenlandesbank Niederösterreich-Wien AG (RLB NÖ-Wien) is a regional retail and commercial bank which employs some 1,300 people at its headquarters and at its branches in Vienna. RLB NÖ-Wien provides advising and banking services for approximately 270,000 customers at 57 locations, including 41 retail bank branches, six private banking teams, six special competence centers for business customers, and four Raiffeisen employee advising centers. Corporate banking customers are supported by specialized advisors at the company s headquarters. RLB NÖ-Wien serves as the central institution for Raiffeisen NÖ-Wien, which operates in Lower Austria and Vienna. As the lead institution for this region, RLB NÖ-Wien supports and advises the 67 independent Raiffeisen banks in Lower Austria. With a market share of 44% and a total of 962,000 customers at 523 banking locations, the Raiffeisen banks are the undisputed leader among banking groups in Lower Austria. As RZB s main shareholder (34.74%), RLB NÖ-Wien plays a leading role in the activities of the Raiffeisen Banking Group in Austria. Through RZB, RLB NÖ-Wien also holds a substantial indirect stake in Raiffeisen Bank International (RBI), which operates one of the largest branch networks in Central and Eastern Europe (approximately 3,000 branches). Raiffeisen Banking Group Austria As of January, Raiffeisen banks Vorarlberg, Tyrol, Styria, Carinthia, Salzburg, Burgenland, Upper Austria, Lower Austria 67 local Raiffeisen banks in Lower Austria 7 regional Raiffeisen banks (RLBs) Raiffeisen-Holding NÖ-Wien Raiffeisenlandesbank NÖ-Wien Raiffeisen Zentralbank Österreich Raiffeisen Bank International Approx. 700 (direct/indirect) investments in the fields of financial services, industry, media, real estate Investments in banking-related companies

3 Divisions of RLB NÖ-Wien. Raiffeisen Banks / Management Service RETAIL AND CORPORATE CUSTOMERS CORPORATE BANKING The employees in the Raiffeisen Banks / Management Service Division coordinate the activities of RLB NÖ-Wien as the lead institution for the region. They ensure that the Lower Austrian Raiffeisen banks receive support from RLB NÖ-Wien s experts in all aspects of the banking business. In addition, this unit also supports the other divisions of RLB NÖ-Wien in their market operations. One key area in which RLB NÖ- Wien supported the Lower Austrian Raiffeisen banks in 2013 was the fulfillment of regulatory requirements, for which RLB NÖ-Wien developed the Basel III Check. This tool not only includes fundamental bankingrelated information, but also enables banks to simulate their future capital situation and to develop strategies to fulfill the Basel III requirements. In addition, RLB NÖ-Wien and the Lower Austrian Raiffeisen banks also implemented an institutional protection scheme (IPS) at the provincial level in For this purpose, RLB NÖ-Wien provided numerous services, such as the formal preparation of contracts, coordination meetings with the Austrian Financial Market Authority (FMA), and the signing of the contracts. In an effort to conquer the Viennese market, 561 employees including 325 customer service representatives are working to further intensify their customer relationships. For retail, private banking and corporate clients, Raiffeisen has positioned itself in Vienna as a strong, service-oriented partner in all financial matters. With its comprehensive business checkup service and an anonymous online creditworthiness calculator for SMEs, Raiffeisen Vienna s commercial banking team has expanded its range of services far beyond the usual offerings of a bank. For students, Raiffeisen has positioned itself as a forward-looking bank, and the basis for these relationships has been reinforced by partnerships with local universities and Raiffeisen Club offers. The quality of life and future opportunities in Vienna have also been enhanced by the large number of newcomers to the city. In 2008, Raiffeisen was the first bank in Vienna to focus specifically on acquiring and recruiting customers and employees from migrant backgrounds. In 2013, a total of approximately 160,000 personal advising sessions were held at Raiffeisen branches. In addition, the Raiffeisen app and Facebook page have helped the organization take full advantage of these new technologies in customer advising and service. The broad range of services offered by the Corporate Banking Division make a decisive contribution to RLB NÖ-Wien s success. The division s corporate advisors provide comprehensive support for their clients activities in Austria and abroad. Demand for the financing of large-scale housing construction was high in 2013, and RLB NÖ-Wien succeeded in positioning itself as a financing partner in a number of major construction projects, including the financing of some 330 subsidized rental apartments and 70 privately financed condominiums in the 21 st district of Vienna. In 2013, RLB NÖ-Wien made approximately EUR 400 million available for large-scale housing construction projects in Vienna and Lower Austria. In addition, the experts in the Housing Service Department submitted more than 5,000 housing subsidy applications to the Lower Austrian provincial authorities on behalf of families in Lower Austria and Vienna. In the year under review, RLB NÖ- Wien also successfully continued the international business advising initiative launched in Some 60 specialists have been supporting RLB NÖ-Wien customers with tailored banking solutions for their export operations. In particular, the bank also advises smaller companies, enabling them to minimize their risk while taking full advantage of opportunities abroad.

4 FINANCIAL MARKETS / ORGANIZATION RISK MANAGEMENT / Finance Klaus Buchleitner, Chairman The main duties of the Financial Markets and Organization Division are interest-rate and liquidity management as well as efficient process and IT management for RLB NÖ-Wien and the Lower Austrian Raiffeisen banks. As in the previous year, RLB NÖ- Wien stood out as a highly attractive issuer with outstanding creditworthiness on international capital markets in The bank took advantage of positive developments in the market environment to reduce its own securities holdings substantially. Specifically, the reduction of positions in unsecured bank bonds was coupled with a significant increase in high-quality government, supranational and covered bond issues. This served to fulfill regulatory requirements on the one hand and to reduce risk-weighted assets on the other. One major project planned by the Raiffeisen Banking Group Austria is the integration of the group s IT systems throughout the country; RLB NÖ-Wien and its subsidiaries Raiffeisen Informatik GmbH and Raiffeisen Software Solution und Service GmbH have taken on a key role in these efforts. This multi-year project, which is designed to leverage synergies by implementing joint IT solutions, was restructured extensively and expanded in the year The Risk Management and Organization Division includes all departments concerned with risk detection and assessment, risk inventories and analysis, as well as finance and controlling. In the year under review, RLB NÖ- Wien worked intensively to prepare for the wide variety of new regulatory requirements (Basel III) imposed on credit institutions. On the basis of detailed analyses, a large number of measures were implemented or launched in capital management as well as liquidity management. In line with the Basel III Capital Requirements Regulation (CRR), RLB NÖ-Wien also concluded an agreement with Raiffeisen Zentralbank Austria, the other regional Raiffeisen banks, and several other institutions in the Raiffeisen Banking Group to establish a nationwide institutional protection scheme (IPS) in addition to the IPS implemented at the provincial level. Both schemes serve to ensure sufficient liquidity for all parties to the agreement. The European Central Bank (ECB) started the year 2013 with a comprehensive review of the financial industry in the euro zone. In the next twelve months, RLB NÖ-Wien will also be audited, and the bank has been preparing for the audit since last year was a year of strategic reorientation for RLB NÖ-Wien, and we quickly began implementing our new strategic focus in line with our motto for the year, Courage brings new opportunities. The main drivers of this process were the challenging earnings situation due to low interest rates as well as the fundamental changes in the regulatory environment. These new requirements have made it necessary to implement broad adaptation measures not only in the definition and measurement of relevant indicators, but also in our business policies. As a result, we have taken a large number of optimization measures in order to enhance our capital, risk-bearing capacity and liquidity even further. At the same time, we continued to pursue our growth strategy in retail and corporate banking, launching new efforts to intensify and develop this strategy in In the Digital-Analog project, we are gradually expanding our existing online offerings for customers. In our corporate banking operations, we continue to rely on the outstanding competence of our corporate advisors. Another strategic focus at Raiffeisen NÖ-Wien is the use of synergies in our network. This also requires the courage to question established assumptions and to seize new opportunities. In 2013, we adopted new approaches in order to strengthen our position in the banking business in the medium term, to improve our results yet again, and to continue developing our services in the interest of our customers. Raiffeisenlandesbank NÖ-Wien 2013 Overview

5 Lower Austrian Raiffeisen banks: Key figures Overview as of December 31, 2013 Amounts in EUR million Dec. 31, 2013 Change Dec. 31, 2012 Total assets 19, % 19,825 Primary deposits 15, % 15,775 Lending volume 10, % 10,235 Savings deposits 10, % 11,331 Operating profit % 129 Operating profit in % of average total assets PP 0.66 Profit on ordinary activities 121 8,04% 112 Profit on ordinary activities in % of average total assets PP 0.57 Tier 1 capital less 50% deduction 1, % 1,441 Tier 1 ratio (%) PP Own funds 1, % 1,774 Equity ratio in % PP Total own funds requirement % 902 Own funds requirement for credit risk % 822 Number of main offices Number of branches Total: Number of bank locations (main offices and branches) Number of employees (annual average, in full-time equivalents) 3,236 1,61 3,289 Raiffeisenlandesbank Niederösterreich-Wien AG Friedrich-Wilhelm-Raiffeisen-Platz 1, A-1020 Vienna, Austria Tel.: +43/5/1700, Fax: +43/5/ info@raiffeisenbank.at Bank ID (BLZ) 32000, SWIFT-code: RLNW AT WW Website: The complete version of the 2013 Annual Report (in German) can be requested from the Public Relations Department at the address above. The full German version of the annual report is also available at Version: May 2014 Due care has been taken to ensure the accuracy of the information provided in this report; however, typesetting or printing errors cannot be ruled out. Raiffeisenlandesbank NÖ-Wien 2013 Overview

6 RLB NÖ-Wien: Consolidated key indicators (under IFRS) Overview as of December 31, 2013 Amounts in EUR million 2013 Change Consolidated income statement Net interest income after credit risk provisions % Net fee and commission income % Net trading income % Profit from investments in entities consolidated using the equity method % Administrative expenses % Net profit for the year before taxes >100% Net profit attributable to equity holders of the parent >100% Consolidated balance sheet Loans and advances to other banks 8, % 10,042 10,915 Loans and advances to customers 11, % 10,465 10,094 Deposits from other banks 9, % 12,643 14,429 Deposits from customers 8, % 8,090 7,294 Equity (including profit) 2, % 2,422 2,256 Consolidated assets 29, % 32,310 32,101 Regulatory indicators 1 Risk-weighted assessment basis 11, % 13,383 13,541 Total own funds 2, % 2,116 2,033 Own funds requirement 1, % 1,138 1,154 Surplus own funds ratio 141.8% 55.9 PP 85.9% 76.1% Tier 1 ratio (credit risk) 12.5% 1.5 PP 11.0% 10.1% Tier 1 ratio (total) 11.6% 1.3 PP 10.3 % 9.4% Total own funds ratio 19.3% 4.5 PP 14.9 % 14.1% Performance indicators Return on equity before taxes 5.2% 4.5 PP 0.7% 4.7 % Consolidated return on equity 6.1% 5.1 PP 1.0 % 4.8% Consolidated cost/income ratio 54.5% 10.0 PP 64.5% 52.2% Return on assets after taxes 0.5% 0.4 PP 0.1% 0.3% Risk/earnings ratio 45.5% 10.4 PP 35.1% 27.6% Additional information Number of employees (annual average, in full-time equivalents) 1, % 1,285 1,266 Branches and offices Moody s ratings: Long-term Short-term Financial strength a2 P-1 D+ 1 Starting in 2012, regulatory own funds are stated in RLB NÖ-Wien s consolidated financial statements at the individual institution level.