As at: April 2018 Raiffeisen Bausparkasse in 2017.
The Managing Board of Raiffeisen Bausparkasse: Manfred Url and Hans-Christian Vallant. Our mission: Making your housing dreams come true! Ladies and gentlemen, As always, many people dream of living in their own home. In economically challenging times, Raiffeisen Bausparkasse once again proved in 2017 that it is a competent, reliable and successful partner. A partner who actively supports its customers in making their housing dreams or savings goals become a reality. 2017 has shown that building societies have not gone out of style. Thanks to our constant efforts not to lose track of today s rapid changes, we have been able to adapt our products to the desires of our customers and remain up-todate. We are convinced that the topic of building society savings will continue to provide an important foundation for making dreams come true not only for our existing customers, but future ones as well. We thank you, our customers, for the trust you have placed in us. We would also like to thank all our business partners for their commitment and outstanding collaboration. Last but not least, we thank all our employees for their personal contribution to the success of our Raiffeisen Bausparkasse. Manfred Url Hans-Christian Vallant The company in brief Raiffeisen Bausparkasse is the institute of Raiffeisen Banking Group Austria that specialises in the financing, maintenance and improvement of residential property. It offers discounted savings contracts as well as tailormade loans that facilitate the creation of housing as well as the financing of educational programmes and care measures. The company was founded in 1961. Back then, it was the smallest building society in Austria. Today, Raiffeisen Bausparkasse is an international company. As the market leader in the main business areas, it services around 1.6 million customers in Austria and holds participations in Slovakia, the Czech Republic and Romania with a total of almost 1.4 million customers. In Austria, Raiffeisen Bausparkasse has co-financed the construction, purchase and modernisation of around 484,000 apartments and houses. That equals residential property for more than 1.2 million people.
Business development in 2017 Market leadership in key business areas Facts, figures and data Raiffeisen Bausparkasse ended the 2017 financial year on a successful note, despite difficult market conditions. The still challenging macroeconomic environment, persistent low interest rates and the resulting adjustments to the savings conditions required great effort in both the product and cost management. Building societies remained one of the most popular forms of saving in 2017. Despite the low savings rate and a declining trend in savings deposits generally, Raiffeisen Bausparkasse was able to achieve a growth rate of 2.24 per cent in building savings deposits compared to the previous year, an increase of EUR 150 million. As a result, building savings deposits reached a level of EUR 6,683.2 million. In new business, Raiffeisen Bausparkasse was able to increase its market share to 36.83 per cent with 257,296 new contracts. The company also secured for itself the highest value in terms of the total value of contracts concluded. In the area of financing, Raiffeisen Bausparkasse rendered financial services worth EUR 1,105.5 million and thus increased the results of the previous year by 21.64 per cent. The total loans amount to at EUR 6,506.7 million. Amongst Austria s building societies, Raiffeisen Bausparkasse is also clearly in first place for the number of building society accounts under management: savings and loan contracts together make up the considerable sum of 1,713,010 building savings accounts. Despite the challenging market conditions, Raiffeisen Bausparkasse was also able to achieve an increase of the market share from 34.82 per cent in 2016 to 35.65 per cent, thus clearly confirming its market leadership. Key figures (as at 31 December 2017) Contract portfolio: 1,713,010 New contracts: 257,296 Saving contracts: 1,624,796 Savings contracts: 252,881 Loan contracts: 88,214 Loan contracts: 4,415 Loans: EUR 6,506.7 million Financing: EUR 1,105.5 million Deposits: EUR 6,683.2 million Balance Sheet Total: EUR 7,763.0 million
Participations of Raiffeisen Bausparkasse Building societies continue to be very successful in CEE The foreign business of Raiffeisen Bausparkasse (RBSK) has been an integral part of the company s strategy for more than 25 years. The subsidiaries in Slovakia, the Czech Republic and Romania serve a total of almost 1.4 million customers and manage around EUR 5.3 billion in building society deposits. Slovakia: Prvá stavebná sporitelňa, a.s. (PSS) Founding year: 1992 First foreign subsidiary of Raiffeisen Bausparkasse and first building society in Central and Eastern Europe (CEE) Undisputed market leader in Slovakia Leading position in building society savings and construction financing Czech Republic: Raiffeisen stavební spořitelna, a.s. (RSTS) Founding year: 1993 (as AR Bausparkasse AG) First building society in the Czech Republic 1998: Adoption of the current name Raiffeisen stavební spořitelna, a.s. Very good results in a competitive environment Romania: Raiffeisen Banca pentru Locuinţe, S.A. (RBL) Founding year: 2004 First building society in Romania Key figures (as at 31 December 2017) New contracts Contract portfolio Deposits Loans RBSK 257,296 1,624,796 EUR 6,683.2 million EUR 6,506.7 million PSS 144,320 881,779 EUR 2,749.4 million EUR 2,191.5 million RSTS 64,357 560,305 EUR 2,394.1 million EUR 1,664.4 million RBL 171 176,266 EUR 110.6 million EUR 22.4 million In total 466,144 3,243,146 EUR 11,937.3 million EUR 10,385.0 million
Building societies, an important economic factor A proven system brings benefits for people, the economy and the government Building societies provide a win-win situation, as they provide benefits for all involved. The building society customers, government and economy all benefit from a proven system: The building society customers enjoy interest and state building society premiums and have the right to low-interest, long-term loans in order to realise their housing dreams as well as the financing of educational programms and care measures. The government benefits from the financial services of the building societies, secures significant income from taxes and fees allowing the government to take in significantly more than it spends for the building society premium. Building society savings the most efficient means for the national economy to support residential construction as a majority of the funding used for the building society premium flows back into building construction. The economy benefits from many new jobs that are secured in the construction and related industries, whereby small and medium-sized entities especially profit. The building society cycle: A system that is proven over decades is maintained with relatively little state resources, which results in significant economic benefits for all parties involved. Building society customers enjoy benefits when saving and financing Government Economy takes in more money than it pays in premiums is boosted and benefits
Balance sheet as at 31 December 2017 Assets 31/12/2017 EUR 31/12/ 2016 EUR 000 s 1. Cash in hand, Balances at central banks 163,996,355.56 0 2. Public sector debt instruments eligible for refinancing at the central bank 122,357,713.53 94,351 3. Loans and advances to banks 909,351,888.37 1,319,024 4. Mortgage loans 5,353,345,022.84 5,200,755 5. Other loans 814,684,004.72 778,500 6. Bonds, notes and other fixed-interest securities 182,666,514.34 175,258 7. Shares and other variable-yield securities 73,161,111.15 73,189 8. Equity holdings 1,753,783.37 1,749 9. Interests in affiliated companies 92,984,485.77 92,984 10. Intangible fixed assets 5,298,022.44 4,297 11. Tangible fixed assets 479,622.81 584 12. Other assets 40,715,988.05 41,724 13. Accruals and deferred items 340,439.50 464 14. Active latent taxes 1,906,595.26 1,609 7,763,041,547.71 7,784,488 Items not on the balance sheet 1. Foreign assets 150,308,211.76 120,770 Liabilities 1. Liabilities to banks 908,770,792.43 1,008,027 2. Liabilities to customers 6,449,300,324.56 6,330,470 3. Other liabilities 35,820,435.91 27,576 4. Accruals and deferred items 369,194.71 429 5. Provisions 23,436,213.68 36,009 6. Consolidated profit 5,104,256.42 16,537 7. Supplementary capital pursuant to part 2 title II chapter 4 of regulation (EU) no. 575/2013 0.00 30,000 8. Subscribed capital 35,000,000.00 35,000 9. Capital reserves 8,091,830.00 8,092 10. Retained earnings 227,300,000.00 222,500 11. Liability reserve pursuant to section 57 (5) of the Austrian Banking Act 69,848,500.00 69,848 7,763,041,547.71 7,784,488 Items not on the balance sheet 1. Contingent liabilities from guarantees 653.27 1 2. Credit risks 644,758,458.91 770,441 3. Deposits from Fiduciary business 500,000.00 500 4. Eligible own funds pursuant to part 2 of Regulation (EU) no 575/2013 324,991,372.93 316,516 5. Equity requirement pursuant to article 92 of Regulation (EU) no. 575/2013 (total amount of risk) 2,761,283,883.41 2,761,749 6. Foreign liabilities 22,278,402.26 20,747
Income statement for the 2017 financial year 2017 EUR 2016 EUR 000 s 1. Interest and interest-related income 179,636,331.61 192,473 2. Interest and interest-related expenses -100,091,136.36-100,710 I. NET INTEREST INCOME 79,545,195.25 91,763 3. Income from securities and equity holdings 641,342.90 1,089 4. Fee and commission income 29,442,861.04 28,354 5. Fee and commission expenses -48,856,845.23-54,603 6. Other operating income 2,416,544.38 895 II. OPERATING INCOME 63,189,098.34 67,498 7. General administrative expenses -46,485,789.63-46,583 8. Valuation adjustments for assets in asset items 10 and 11-1,538,207.58-1,090 9. Other operating expenses -31,348.79-83 III. OPERATING EXPENSES -48,055,346.00-47,756 IV. OPERATING RESULT 15,133,752.34 19,742 Balance from expenses and income from the disposal and 10. valuation of receivables and securities as well as allocations to provisions for credit risks -2,547,338.65 1,884 Balance from expenses and income from the disposal and 11. valuation of securities valued as financial investments as well as of equity holdings and interests in affiliated companies -603,235.97 12,140 V. PROFIT ON ORDINARY ACTIVITIES 11,983,177.72 33,766 12. Taxes on income and earnings -1,864,783.70-3,356 13. Other taxes, insofar as not included under item 12-751,269.12-335 VI. ANNUAL SURPLUS 9,367,124.90 30,075 14. Movements in reserves -4,800,000.00-14,000 VII. PROFIT FOR THE YEAR 4,567,124.90 16,075 15. Retained earnings 537,131.52 462 VIII. BALANCE-SHEET PROFIT 5,104,256.42 16,537
Adresses Raiffeisen Bausparkasse Gesellschaft m. b. H. Mooslackengasse 12, 1190 Vienna p +43 1 546 46-0 w www.bausparen.at Prvá stavebná sporitelňa, a.s. Bajkalská 30, P.O.Box 48, SK 829 48 Bratislava 25 p +421 2 58 23 11 11 w www.pss.sk Raiffeisen stavební spořitelna, a.s. Koněvova 2747/99, CZ 130 45 Praha 3 p +420 2 71 03 11 11 w www.rsts.cz Raiffeisen Banca pentru Locuinţe, S.A. 246 D Calea Floreasca, 6th Floor, Area A, Sector 1, Bucharest, Postal Code 014476, Romania p +40 372 13 31 10 w www.rbl.ro This Annual Report has been prepared and the data checked with the greatest possible care. Nonetheless, rounding, transmission, typesetting and printing errors cannot be ruled out. In the summing up of rounded amounts and percentages, rounding-off differences may occur. This Annual Report was prepared in German. The Annual Report in English is a translation of the original German report. The only authentic version is the German version. Imprint: Media owner: Raiffeisen Bausparkasse Gesellschaft m. b. H., 1190 Vienna, publisher: internal, publishing location: Vienna, editorial staff: Raiffeisen Bank International AG, Group Communications, 1030 Vienna, photos istockphoto, as at: April 2018