Raiffeisen Bausparkasse in 2014

Raiffeisen Bausparkasse
in 2014
1
The Executive Board of Raiffeisen Bausparkasse: Hans-Christian Vallant, Manfred Url and Johann Ertl.
Building societies – An Austrian tradition
Ladies and Gentlemen,
Building societies represent a successful model with a long tradition in our country. During the Second Republic,
they played a very significant role in helping to rebuild our country. The domestic building societies have co-funded
the construction, purchase and modernisation of around 1.5 million apartments and houses. That is living space for
more than 4 million people. Building societies therefore offer Austrians substantial help in creating and maintaining
their house and home.
Building societies have made an important contribution towards helping people achieve a high standard of living and
accumulate a wide range of property and assets with its low-cost loans and attractive forms of investment. Building
societies have been the most popular form of saving in this country for a long time and have become indispensable as
an instrument for personal provisions.
Raiffeisen Bausparkasse has also made a significant contribution to this success. The company is the institute of Raiffeisen
Banking Group specialising in financing, maintaining and enhancing living spaces. Raiffeisen Bausparkasse is the
largest building society in the country with the largest number of customers at almost 1.8 million and has a market
share of 33.5 percent.
The company was founded in 1961. Back then, it was the smallest building society in Austria. Raiffeisen Bausparkasse
is now an international company with around 3.6 million customers.
The building society system proved itself to be a safe haven during the economic crisis. It stands out by offering both
security and stability, both issues will play a key role in the savings and financing plans of Austrians in the future.
We would like to thank our customers for their trust. We would also like to thank our business partners for the excellent
cooperation. We reserve special thanks for our employees who have made a significant contribution to the positive
results with their daily commitment and dedication. We look forward to continuing the successful path of Raiffeisen
Bausparkasse with you all.
Manfred Url
2
Johann Ertl
Hans-Christian Vallant
Raiffeisen Bausparkasse in 2014
Market leader in key business areas
Building societies demonstrated their strength in 2014 during a challenging period for the entire economy. They
remained the most preferred option chosen in surveys conducted regularly in relation to interesting forms of
investment. The high level of emotional approval is also evident by referring to concrete figures: 316,312 new
building society savings agreements were concluded by Raiffeisen Bausparkasse. This meant an increase of 3.4
percent compared to the previous year – and the company came out on top again among the Austrian building
societies. Raiffeisen Bausparkasse maintained its excellent position with a total of around 1.8 million contracts.
The demand for housing loans rose significantly in 2014 compared to the previous year with an increase of 7.8 percent. Building societies were considered as an ideal instrument for making your very own dream home a reality. The
building capital was, however, not only required for the acquisition of property. It was also used for refurbishments: The
company’s market leadership was further enhanced with € 843.8 million in financing. Moreover 107,653 loan customers make Raiffeisen Bausparkasse the number one building society.
The healthy demand for low-interest building capital from Raiffeisen Bausparkasse was also reflected in an increase
in loans: They increased by 1.1 percent to € 6,294.4 million in the previous year. Deposits also experienced a similar
development increasing by 1.4 percent to € 6,332.8 million. The market share for loans is 33.1 percent, while for
deposits it amounts to 30.7 percent.
The balance sheet total as of 31 December 2014 amounted to € 7,820.6 million.
Key figures (as of 31 December 2014)
Contract portfolio 1,788,906 contracts
New contracts
316,312 contracts
Savings contracts:
Savings contracts:
311,801 contracts
Loan contracts:
1,681,253 contracts
107,653 contracts
Loans
Loan contracts:
4,511 contracts
Deposits
€ 6,294.4 million
Financing
€ 6,332.8 million
Balance sheet total
€ 843.8 million
€ 7,820.6 million
3
Equity Investments of Raiffeisen Bausparkasse
Exporting a successful business model
Building societies based on the Austrian model are also helping people in Central and Eastern Europe to make
progress towards owning their own property. Foreign business is therefore an integral part of the corporate strategy.
It has supplemented growth and earnings for more than 20 years. The participations in Slovakia, Czech Republic and
Romania have a total of 1.8 million customers with about € 5.1 billion building society deposits and 740 employees.
Raiffeisen was the pioneer in exporting building society savings based on the Austrian model:
The Slovakian company Prvá stavebná sporitelňa a.s. commenced business operations as the first foreign equity
investment of Raiffeisen Bausparkasse and the first building society in Central and Eastern Europe in 1992. A year later,
AR Bausparkasse AG was founded as the first building society in the Czech Republic. In 1998, it adopted the name
Raiffeisen stavební spořitelna, a.s. that it has kept until today.
Raiffeisen Bausparkasse was also the first building society on the market in Romania. Raiffeisen Banca pentru Locuinţe
S.A commenced its business activities in 2004. The building society concept is repeating its success story in these
countries. Hundreds of thousands of customers lay the foundation for their dream of owning their own home by
reaching a building society savings agreement with Raiffeisen every year.
Slovakia: Prvá stavebná sporitelňa a.s. (PSS)
The Slovakian unit is the leading housing financer in the country with a market share of around
85 percent.
Czech Republic: Raiffeisen stavební spořitelna, a.s. (RSTS)
Building society savings are also hugely popular in the Czech Republic: Around 700,000 customers
place their trust in RSTS.
Romania: Raiffeisen Banca pentru Locuinţe, S.A (RBL)
The oldest building society in Romania (founded in 2004) is showing a very promising development
on the last emerging building society savings market in Europe.
Vienna: RBM Wohnbau Ges.m.b.H.
The 100 percent subsidiary of Raiffeisen Bausparkasse (founded in 1998) carries out high value
projects in the best residential locations in Vienna. Two projects are currently being prepared: “Idyllic
living at Lainzer Tiergarten” and “Living in Nußdorf”.
4
Building society savings as an economic factor
A system with benefits for everybody
Building societies act as an important initiator and economic growth driver for housing construction. This is because
the financing has a stimulating effect on the numerous construction and construction-related industries. Numerous
small and medium-sized enterprises benefit from this and thousands of jobs are secured. In addition to new buildings,
refurbishments, in particular, ensure additional orders. Financing for development and maintenance has also been
possible since 2005 and funds are also invested in these two promising business areas.
Numerous tax payments, which are significantly higher than the total of building society savings premiums (currently
€ 53 million a year) invested by the government, make their way back into the treasury via the building society cycle.
A system that is proven over decades is maintained with relatively limited state resources which results in significant
economic benefits for all those involved.
The savings of around 5.3 million building society customers throughout Austria will benefit the entire population. The
€ 20,664.5 million in funds, which the building societies currently manage, will be completely invested – according to
the statutory mandate – in the fields of living, maintenance and development.
Building society customers
enjoy the benefits of saving and financing
The government
The economy
makes more money than it pays
is boosted and will benefit
in premiums
Building society cycle: Win-win situation for people, the economy and the government
The building society savings concept offers benefits for everyone: For savers whose money has been safely and
attractively invested with the building societies, for the borrowers who can expect competitive and limited interest
rates, for the building industry whose economy is significantly affected by the building capital payments – and for
the government who receives more money from tax payments than it spends in building society premiums. Building
societies represent a win-win situation for all those involved and are therefore a key area of the Austrian national
economy.
5
Balance Sheet at December 31, 2014
Assets
1.
Cash and balances with central banks
2.
Debt instruments issued by public bodies that are eligible for
refinancing with the central bank
3.
Receivables from other banks
4.
Mortgage-backed loans
5.
December 31, 2014
in €
December 31, 2013
in € thousand
1,072.86
6,597
125,207,922.42
107,665
939,017,843.41
669,725
5,240,097,897.66
5,102,917
Other loans
795,396,797.32
889,437
6.
Bonds and other fixed-interest securities
372,936,596.80
500,607
7.
Shares and other variable-yield securities
187,121,592.37
235,711
8.
Equity investments
211,306.39
194
9.
Investments in subsidiaries
98,833,484.68
97,049
1,387,587.10
14
407,903.33
557
59,638,983.91
56,917
329,474.94
509
7,820,588,463.19
7,667,899
December 31, 2014
in €
December 31, 2013
in € thousand
246,426,232.73
258,299
December 31, 2014
in €
December 31, 2013
in € thousand
10.
Intangible non-current assets
11.
Property, plant and equipment (Of which land and buildings used by the Bank
within the scope of its own activities: € 131,575.00; previous year: € 176 thousand)
12.
Other assets
13.
Prepaid expenses
Off-balance sheet items
1.
Foreign assets
Equity and Liabilities
6
1.
Payables to other banks
1,116,742,114.37
1,050,648
2.
Payables to customers
6,243,500,498.79
6,181,987
3.
Other liabilities
39,117,796.02
30,549
4.
Deferred income
613,310.57
700
5.
Provisions
25,596,845.46
31,087
6.
Retained profit
12,077,567.98
7,488
7.
Supplementary capital under Part 2, Title II, Chapter 4 of Regulation
(EU) No. 575/2013
70,500,000.00
105,000
8.
Subscribed capital
35,000,000.00
35,000
9.
Capital reserves
8,091,830.00
8,092
199,500,000.00
147,500
69,848,500.00
69,848
7,820,588,463.19
7,667,899
10.
Retained earnings
11.
Liability reserve under § 57 (5) BWG (Austrian banking act)
Off-balance sheet items
December 31, 2014
in €
December 31, 2013
in € thousand
31,085.77
31
1.
Contingent liabilities under guarantees
2.
Commitments
571,078,595.60
661,649
3.
Eligible own funds pursuant under Part 2 of Regulation (EU) No. 575/2013
297,989,455.23
335,626
4.
Own funds requirement under Article 92 of Regulation (EU) No. 575/2013
2,860,302,021.06
3,017,535
5.
Foreign liabilities
20,111,917.25
15,229
2014
in €
2013
in € thousand
215,220,273.55
223,444
(118,045,935.84)
(132,309)
Income Statement for the
2014 Financial Year
1.
Interest income and similar income
2.
Interest expense and similar charges
I.
NET INTEREST INCOME
97,174,337.71
91,135
3.
Income from securities and equity investments
36,260,252.27
6,807
4.
Other operating income
30,713,408.19
33,228
II.
OPERATING INCOME
164,147,998.17
131,170
5.
General administrative expenses
(97,460,146.86)
(94,237)
6.
Impairment allowances on assets recognized in items 10 and 11
(160,149.55)
(169)
7.
Other operating expenses
(413,137.51)
(81)
III.
OPERATING EXPENSES
(98,033,433.92)
(94,487)
IV.
PROFIT FROM OPERATIONS
66,114,564.25
36,683
8.
Realized and unrealized gains and losses on receivables and
securities and provisions made for commitments
3,090,932.10
(5,933)
Realized and unrealized gains and losses on securities classified as
financial investments and on equity investments and investments in
subsidiaries
(967,635.22)
179
PROFIT FROM ORDINARY ACTIVITIES
68,237,861.13
30,929
10.
Income tax
(4,366,199.46)
(8,057)
11.
Other taxes (not included in item 10)
(282,288.48)
(182)
VI.
PROFIT FOR THE YEAR
63,589,373.19
22,690
12.
Changes in reserves
(52,000,000.00)
(15,500)
VII.
NET PROFIT FOR THE YEAR
11,589,373.19
7,190
13.
Retained profit brought forward
488,194.79
298
12,077,567.98
7,488
9.
V.
VIII.
RETAINED PROFIT
7
Addresses
Raiffeisen Bausparkasse Gesellschaft m.b.H.
Mooslackengasse 12, 1190 Vienna
p |+43 1 546 46-0
w |www.bausparen.at
Raiffeisen stavební spořitelna, a.s.
Konìvova 2747/99, CZ 130 45 Praha 3
p |+420 2 71 03 11 11
w |www.rsts.cz
Raiffeisen Zentralbank Österreich AG
Am Stadtpark 9, 1030 Vienna
p |+43 1 262 16-0
w |www.rzb.at
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
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
Masthead
Media owner: Raiffeisen Bausparkasse Gesellschaft m.b.H., 1190 Vienna
Editorial office: Raiffeisen Bank International AG, Group Communications, 1030 Vienna