Raiffeisen Bausparkasse in 2015

Raiffeisen Bausparkasse
in 2015
As at: April 2016
The Board of Directors of Raiffeisen Bausparkasse: Mag. Manfred Url and Mag. Hans-Christian Vallant.
The dream of owning your own home
Ladies and Gentlemen,
Many people dream of living in their own home. Those who want to make their dream come true will need a reliable
and knowledgeable partner to help them achieve their aims. Here at Raiffeisen Bausparkasse, we help our customers to realise their real-estate dreams and saving targets without fail – and we’ve been doing so for 55 years.
Building society savings in 2015: 365 days of building society savings and housing financing, plus local as
well as internal changes and good moments shared together. – It was an eventful and busy year for Raiffeisen
Bausparkasse and its affiliated companies.
We thank all our business partners for their commitment and outstanding collaboration. We thank all our employees
for their personal contribution to the success of “our“ Raiffeisen Bausparkasse. And we thank our customers for
having confidence in us.
Mag. Manfred Url
Mag. 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
tailor-made loans that facilitate the creation of housing as well as the financing of educational programmes
and upkeep initiatives.
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 1.8 million customers in Austria and
has foreign equity holdings in the Czech Republic, Slovakia and Romania – with a total of almost 1.6 million
customers.
In Austria, Raiffeisen Bausparkasse has co-financed the construction, purchase or modernisation of around
465,000 apartments and houses. That equals residential property for more than 1.2 million people.
Business development in 2015
A good year: Facts, figures and data
Raiffeisen Bausparkasse ended the 2015 financial year on a successful note, despite difficult market conditions.
The still difficult macroeconomic environment, persistent low interest rates and the tougher competition with
respect to terms offered required great effort in both product and cost management.
Building society savings remained the most popular form of savings in 2015. Despite the low savings rate and a
declining trend in savings deposits generally, Raiffeisen Bausparkasse was the only Austrian building society to
achieve a growth rate of 0.2 per cent in building savings deposits compared to the previous year, an increase of
EUR 13.1 million. As a result, building savings deposits reached a level of EUR 6,345.8 million.
In terms of new business, Raiffeisen Bausparkasse remains the market leader, with 288,582 new contracts and a
market share of 34.7 per cent. 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 768.5 million. The situation
regarding total loans currently stands at EUR 6,152.0 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 formidable sum of
1,753,432 building savings accounts. Despite a marginal decline compared to 2014, Raiffeisen Bausparkasse
therefore retains a market share of 33.7 per cent and thus its position as market leader.
Key figures (as at 31 December 2015)
Contract portfolio:
1,753,432
Savings contracts:
1,654,614
Loan contracts:
98,818
New contracts:
Savings contracts:
Loan contracts:
Loans:
EUR 6,152.0 million
Financing:
Deposits:
EUR 6,345.8 million
Balance sheet total:
288,582
284,336
4,246
EUR 768.5 million
EUR 7,677.1 million
Equity investments of Raiffeisen Bausparkasse
Building societies continue to be very successful in CEE as well
The foreign business of Raiffeisen Bausparkasse has been an integral part of the company’s strategy for more
than 20 years. The participations in Slovakia, the Czech Republic and Romania have a total of almost 1.6 million
customers and manage around EUR 5.1 billion in building society deposits.
Slovakia: Prvá stavebná sporitelňa, a.s. (PSS)
Year established: 1992
First foreign equity holding of Raiffeisen Bausparkasse and first building society in Central and Eastern Europe
(CEE)
Undisputed market leader in Slovakia
Lead position in building society savings and construction financing
Czech Republic: Raiffeisen stavební spořitelna, a.s. (RSTS)
Year established: 1993 (as AR Bausparkasse AG)
First building society in the Czech Republic
1998: Adoption of the name Raiffeisen stavební spořitelna, a.s., which is still used today
Good results despite challenging conditions
Romania: Raiffeisen Banca pentru Locuinţe, S.A. (RBL)
Year established: 2004
First building society in Romania
Constant growth of the contract portfolio
Increasing focus on credit business and housing financing
Key figures (as at 31 December 2015)
New contracts
Contract portfolio
RBSK
288,582
1,753,432
EUR 6,345.8 million
EUR 6,152.0 million
PSS
155,927
830,606
EUR 2,443.0 million
EUR 2,058.2 million
RSTS
95,460
631,844
EUR 2,564.1 million
EUR 1,429.8 million
RBL
37,554
237,082
EUR 131.0 million
EUR 24.7 million
577,523
3,452,964
EUR 11,483.9 million
EUR 9,664.7 million
In total
Deposits
Loans
Economic factor and most popular form of savings
Building society cycle: Benefits for people, the economy and the government
Building societies are a system that offers benefits for everyone: for the savers, whose money is invested securely
in the building societies at attractive rates; for the borrowers, who can count on low and limited interest rates; for
the construction industry, whose activity is considerably influenced by the disbursement of building funds – and
for the government, which collects far more in tax receipts than it pays out in premiums under housing savings
contracts. Building societies represent a win-win situation for everyone involved. That is why they are a key factor
in the Austrian economy
Building society customers
enjoy benefits when saving and financing
The government
The economy
takes in more money than it
pays in premiums
is boosted and profits
Mood barometer:
Building society savings remain number 1
As the GfK mood barometer shows, building society
savings are still the most popular form of savings
and investments for Austrians. Real estate, followed
by plots of land, are the second most popular
investment product. For the first time since 2008,
Austrians believe that investing in their own apartment, house or plot of land is more interesting than
depositing the money in a savings account.
Since the 1980s, GfK Austria has been surveying
what forms of investment are of greatest interest to
Austrians over 15 years, regardless of use. Every
year, 18,000 interviews are held in this respect and
evaluated on a quarterly basis.
Save with a
37% building society
Savings book
27%
Gold
22%
„Piggy bank“
Shares
13%
11%
33%
Properties
29%
Plots
18%
13%
13%
10%
Life insurance
Pension plan
Supplementary pension
Investment funds
Source: GfK 2015
Balance sheet as at 31 December 2015
Assets
1. Cash and balances with central banks
Debt instruments issued by public bodies that are eligible for
2.
refinancing with the central bank
3. Receivables from other banks
4. Mortgage-backed loans
5. Other loans
6. Bonds and other fixed-interest securities
7. Shares and other variable-yield securities
8. Equity investments
9. Investments in subsidiaries
10. Intangible non-current assets
Property, plant and equipment (Of which land and buildings
11. used by the Bank within the scope of its own activities:
EUR 287,684.00; previous year: EUR 132,000.00)
12. Other assets
13. Prepaid expenses
31/12/2015
in EUR
31/12/2014
in EUR ’000
0.00
1
103,761,852.48
1,025,927,298.45
5,144,602,652.11
764,721,995.24
317,682,828.11
184,409,814.23
205,420.89
92,967,701.88
3,139,770.88
125,208
939,018
5,240,098
795,397
372,936
187,122
211
98,834
1,387
699,458.81
408
38,512,438.48
490,331.23
7,677,121,562.79
59,639
329
7,820,588
233,513,334.76
246,426
1,003,081,472.75
6,238,814,352.20
33,586,532.16
488,805.37
30,748,218.76
13,461,851.55
1,116,742
6,243,500
39,118
613
25,597
12,078
35,500,000.00
35,000,000.00
8,091,830.00
208,500,000.00
69,848,500.00
7,677,121,562.79
70,500
35,000
8,092
199,500
69,848
7,820,588
653.27
686,794,884.31
31
571,079
316,272,130.86
297,989
2,860,980,206.46
18,456,258.28
2,860,302
20,112
Off-balance sheet items
1. Foreign assets
Liabilities
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Payables to other banks
Payables to customers
Other liabilities
Deferred income
Provisions
Retained profit
Supplementary capital under Part 2, Title II, Chapter 4 of
Regulation (EU) No. 575/2013
Subscribed capital
Capital reserves
Retained earnings
Liability reserve under § 57 (5) BWG (Austrian banking act)
Off-balance sheet items
1. Contingent liabilities under guarantees
2. Commitments
Eligible own funds pursuant under Part 2 of Regulation (EU)
3.
No. 575/2013
Own funds requirement under Article 92 of Regulation (EU)
4.
No. 575/2013
5. Foreign liabilities
Income statement for the 2015 financial year
31/12/2015
in EUR
1. Interest income and similar income
2. Interest expense and similar charges
31/12/2014
in EUR ’000
203,586,489.66
-110,474,799.72
215,220
-118,046
93,111,689.94
5,897,050.11
31,394,602.64
97,174
36,260
30,714
130,403,342.69
-99,929,712.12
-860,130.43
-156,470.86
164,148
-97,460
-160
-413
-100,946,313.41
29,457,029.28
-98,033
66,115
-582,393.33
3,091
-3,638,899.57
-968
V. PROFIT FROM ORDINARY ACTIVITIES
10. Income tax
11. Other taxes (not included in item 10)
25,235,736.38
-2,887,283.37
-464,169.44
68,238
-4,366
-282
VI. PROFIT FOR THE YEAR
12. Changes in reserves
21,884,283.57
-9,000,000.00
63,590
-52,000
VII. NET PROFIT FOR THE YEAR
13. Retained profit brought forward
12,884,283.57
577,567.98
11,590
488
VIII. RETAINED PROFIT
13,461,851.55
12,078
I. NET INTEREST INCOME
3. Income from securities and equity investments
4. Other operating income
II.
5.
6.
7.
OPERATING INCOME
General administrative expenses
Impairment allowances on assets recognized in items 10 and 11
Other operating expenses
III. OPERATING EXPENSES
IV. PROFIT FROM OPERATIONS
Realized and unrealized gains and losses on receivables and
8.
securities and provisions made for commitments
Realized and unrealized gains and losses on securities
9. classified as financial investments and on equity investments
and investments in subsidiaries
Addresses
Raiffeisen Bausparkasse Gesellschaft m. b. H.
Mooslackengasse 12, 1190 Vienna
p | +43 1 546 46-0
w | www.bausparen.at
Raiffeisen Zentralbank Österreich AG
Am Stadtpark 9, 1030 Vienna
p | +43 1 262 16-0
w | www.rzb.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.
Konìvova 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
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 2016