Raiffeisen Bank International AG

Earnings Release • May 4, 2022

EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Quarter Results Raiffeisen Bank International AG: Consolidated profit at EUR 442 million with prudent approach to risk costs

04-May-2022 / 07:31 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

RBI: First Quarter Report 2022 Consolidated profit at EUR 442 million with prudent approach to risk costs

• Net interest income up 1% quarter-on-quarter, benefitingfrom higher ratesacross the region
• Net fee and commission income up 22% quarter-on-quarter, driven primarily by increased customeractivity in FX business in Russia
• Net tradingincome atEUR 184million, mainly from hedginginstrumentsand own credit spreads relatingto certificates business
• Year-to-date provisioningratio increased significantly to 0.97%, largely driven by macro downgradesand special risk factors due to war in Ukraine
• Loansgrew 1% in the first quarter, new lendingin Russia has largely been stopped
• Consolidated profit improved 39% quarter-on-quarter to EUR 442million
• CET1 ratio at 12.3% (transitional, includingyear-to-date result), reflecting RWA increases from rating downgrades in Russia, Ukraine,and Belarus
• Outlook has been updated to reflect lower loan growth and higher risk costassumptions

Income Statement in EUR million	Q1/2022	Q1/2021	Q4/2021
Net interest income	986	736	976
Net fee and commission income	683	420	561
Net trading income and fair value	184	4	24
result
General administrative expenses	(792)	(672)	(856)
Operating result	1,089	543	763
Other result	(102)	(38)	(175)
Governmental measures and	(159)	(123)	(32)
compulsory contributions
Impairment losses on financial	(319)	(76)	(150)
assets
Profit/loss before tax	508	306	406
Profit/loss after tax from	440	229	329
continuing operations
Profit/loss from discontinuing	18	14	24
operations
Consolidated profit	442	216	317
Balance Sheet in EUR million	31/03/2022	31/12/2021
Loans to customers	101,966	100,832
Deposits from customers	113,652	115,153

Total assets 192,624 192,101 Total risk-weighted assets 104,017 89,928

(RWA)

Key ratios	31/03/2022	31/12/2021
NPE ratio	1.6%	1.6%
NPE coverage ratio	61.8%	62.5%
CET1 ratio (incl. result)	12.3%*	13.1%
Total capital ratio (incl. result)	15.9%*	17.6%
*transitional

*transtiona Key ratios	Q1/2022	Q1/2021	Q4/2021
Net interest margin (average	2.21%	1.92%	2.22%
interest-bearing assets)
Cost/income ratio	42.1%	55.3%	52.9%
Provisioning ratio (average loans	0.97%	0.36%	0.55%
to customers)
Consolidated return on equity	13.2%	6.5%	10.1%
Earnings per share in EUR	1.27	0.59	0.90

Due to the planned sale of the Bulgarian subsidiary bank and its participation there has been a change in the statements according to IFRS 5. This business operation is classified as a disposal group held for sale and reported separately in the statement of financial position. The prior year figures have not been adapted. The income statement of the Bulgarian subsidiary bank and its participation is reported under profit/loss from discontinued operations. The prior year 2021 figures have been adapted accordingly in the income statement, as were the key ratios.

Outlook

In 2022, net interest income is expected to increase by high single digit per cent and net fee and commission income by mid-single digit per cent.

We expect stable loan volumes in 2022, with mid-single digit growth in core CE and SEE markets. We expect high single digit per cent OPEX growth plus an additional approximately EUR ¹⁰⁰ million integration cost for acquisitions in Czech Republic (Equa bank) and Serbia (Crédit Agricole Srbija). Cost/income ratio is expected around 55 %.

The provisioning ratio for 2022 is expected to be up to 100 basis points.

Consolidated return on equity is expected in the 8 to 10 per cent range.

In 2022, we expect the CET1 ratio to recover close to our 13 per cent target.

Medium term return on equity and payout ratio targets are suspended due to current uncertainties in Eastern Europe.

For further information please contact:

John P. Carlson, CFA Group Investor Relations Raiffeisen Bank International AG Am Stadtpark 9 1030 Vienna, Austria ir@rbinternational.com phone +43-1-71 707-2089 www.rbinternational.com

04-May-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

Language: Company:	English Raiffeisen Bank International AG Am Stadtpark 9 A-1030 Vienna
	Austria
Phone:	+43-1-71707-2089
Fax:	+43-1-71707-2138
E-mail:	ir@rbinternational.com
Internet:	www.rbinternational.com
ISIN:	AT0000606306
WKN:	A0D9SU
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market)
EQS News ID:	1342783

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