Image: Reuters
Without Russia and Belarus, the consolidated result was 997 million euros. This also included provisions for the ongoing Swiss franc loan litigation in Poland amounting to 873 million euros, the bank announced on Wednesday. For 2023, the board wants to propose a dividend of 1.25 euros per share. Including the business in Russia and Belarus, the bank’s net interest income rose from 5.05 billion euros to 5.68 billion euros. Net commission income, on the other hand, fell from 3.88 billion to 3.04 billion euros. Without the two countries, core earnings totaled around 6.00 billion euros, an increase of 17 percent. This was supported primarily by higher net interest income, the bank writes.
RBI expects declines in net interest and commission income
For the current year 2024, the RBI expects declines in net interest and commission income. The target for net interest income is around 5.1 billion euros and for net commission income it is 2.7 billion euros. The growth in receivables from customers is expected to be around 5 percent. In the previous year, claims fell to 99.4 billion euros; in 2022 they were still 103.23 billion euros.
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