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Economic Sustainability
Economically successful business is a prerequisite for ensuring the long-term survival and success of a company.
Economic value creation is generally the primary goal of productive activities. Only this ensures that other ethical
objectives can also be realized. Through the economic value creation of its business activities, RBI generates
additional benefit for the company itself as well as for its owners and employees, its customers and the economy
in general. In this way, it makes an important contribution to the stability, resilience and productivity of the economic
system and the prosperity of society.
Another requirement is to ensure appropriate capital resources. The concept of group risk controlling comprises a
sustainability perspective that should ensure that the company has a sufficiently high core capital ratio at the end
of a planning period even if there is an macroeconomic environment worsens unexpectedly (details on this can
be found in the 2017 RBI Annual Report starting on page 150). The following tables provide an overview of the
direct contribution RBI has on the economy.
Operating result (in million €)
2017 2016 Change
pro forma*
Net interest income 3,208 3,197 11
Net fee and commission income 1,719 1,599 120
Net trading income 244 220 25
Other net operating income 57 96 -39
Operating income 5,228 5,112 116
Staff expenses -1,554 -1,552 -2
Other administrative expenses -1,222 -1,214 -8
hereof regulatory administrative expenses -148 -152 4
Depreciation -328 -375 46
General administrative expenses -3,104 -3,141 37
Operating result 2,123 1,971 153
The following table shows the value contribution for the most important stakeholders: the owners, the employees,
the economy and public authorities. “Investments in the Community” have been reported separately since 2015.
Financial flows to stakeholders (in million €)
2017 2016
pro forma*
Owners – Dividends 0 0
Employees – Wages and salaries 1,179 1,183
Business – Investments and operating costs 1,226 1,210
Investments in the community 3 4
Public authorities 720 728
Income taxes (excluding deferred taxes) 322 281
Banking levies 121 174
Social security costs and staff related taxes 277 272
Equity status as per December 31 11,241 9,794
* Since January 2017, all business brought in by RZB is fully included in RBI. Current RBI figures refer to the merged bank; unless otherwise indicated, the historic pro forma figures are based
on the merged institution (taking account of the merger).
Raiffeisen Bank International | Sustainability Report 2017