Raiffeisen Bank International AG (LTS:0NXR)
€ 16.84 -0.09 (-0.53%) Market Cap: 5.55 Bil Enterprise Value: -26.47 Bil PE Ratio: 2.43 PB Ratio: 0.28 GF Score: 68/100

Q1 2019 Raiffeisen Bank International AG Earnings Call Transcript

May 15, 2019 / 12:00PM GMT
Release Date Price: €21.71 (-3.68%)
Operator

Good afternoon, ladies and gentlemen. Welcome to the conference call of Raiffeisen Bank International. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Johann Strobl, Chief Executive Officer. Please go ahead, sir.

Johann Strobl
Raiffeisen Bank International AG - Chairman of the Board & CEO

Good afternoon, ladies and gentlemen. Welcome to RBI's first quarter call.

I think it is good that you joined this call. The results need an explanation because there are many, many changes if we compare the numbers with the numbers of the first quarter of last year. A couple of reasons for that is, of course, that meanwhile, the core banking operations in Poland are not anymore included in the numbers. And we also had, in the last year, a couple of very positive one-offs from the history, and this year, we will explain especially one negative impact, which comes from hedging activities.

Let me start with Slide #5. What I -- what you see here is that -- the core revenues if I may say so,

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