Raiffeisen Bank International AG

Earnings Release • Nov 3, 2021

Publication Date: 03.11.2021 07:30 EANS-Adhoc: Raiffeisen Bank International AG / Outlook updated / Consolidated profit of over one billion Euro

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Quarterly Report 03.11.2021

Vienna -

• * Net interest income up 9% quarter-on-quarter driven by volume growth and higher key rates
• * Net fee and commission income up 8% quarter-on-quarter to EUR 538 million
• * Cost income ratio at 52.1% in Q3 while general administrative expenses (up 3% quarter-on-quarter) reflect first time consolidation of Equa bank and integration cost
• * Year to date provisioning ratio at 0.21%
• * Consolidated profit improved 76% year-on-year to EUR 1,055 million
• * Loans to customers up 11% (excluding Equa bank 9%) year-to-date
• * CET1 ratio at 13.2% (fully loaded), including year to date result and Equa bank impact
• * Moody's rating upgrade to A2 from A3
• * Extraordinary general meeting scheduled for 10 November to vote on proposed additional dividend of EUR 0.75 per share

Income
Statement in	1-9/2021	1-9/2020	Q3/2021	Q2/2021
EUR million
Net interest	2,445	2,476	875	804
income
Net fee and
commission	1,470	1,272	538	499
income
Net trading
income and fair	29	95	(3)	27
value result
General
administrative	(2,185)	(2,136)	(758)	(735)
expenses
Operating	1,912	1,870	697	647
result
Other result	(121)	(210)	(47)	(37)
Governmental
measures and	(187)	(244)	(26)	(31)
compulsory
contributions
Impairment
losses on	(152)	(497)	(42)	(31)
financial
assets
Profit before	1,452	920	582	549
tax
Profit after	1,155	679	481	430
tax

Consolidated profit	1,055	599	443	396
Balance Sheet in EUR million		30/09/2021		31/12/2020
Loans to customers		100,659		90,671
Deposits from customers		114,651		102,112
Total assets		190,610		165,959
Total risk-weighted assets (RWA)		88,862		78,864

Key ratios	30/09/2021	31/12/2020
NPE ratio	1.6%	1.9%
NPE coverage ratio	62.2%	61.5%
CET1 ratio (fully loaded,	13.2%	13.6%
incl. result)
Total capital ratio
(fully loaded, incl.	17.7%	18.4%
result)

Key ratios	1-9/2021	1-9/2020	Q3/2021	Q2/2021
Net interest
margin (average	1.96%	2.21%	1.99%	1.92%
interest
bearing assets)
Cost/income	53.3%	53.3%	52.1%	53.2%
ratio
Provisioning
ratio (average	0.21%	0.72%	0.17%	0.11%
loans to
customers)
Consolidated
return on	11.1%	6.4%	14.3%	12.7%
equity
Earnings per	3.00	1.66	1.28	1.13
share in EUR

Outlook

We now expect loan growth of around 11 per cent (excluding Equa bank) for 2021. The provisioning ratio for 2022 is expected to be around 40 basis points.

We remain committed to a cost/income ratio of around 55 per cent.

We expect the consolidated return on equity to improve further in 2022, and we target 11 per cent in the medium term.

We confirm our CET 1 ratio target of around 13 per cent for the medium term.

Based on this target we intend to distribute between 20 and 50 per cent of consolidated profit

Further inquiry note: 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

end of announcement euro adhoc --------------------------------------------------------------------------------

issuer:	Raiffeisen Bank International AG
	Am Stadtpark 9
	A-1030 Wien
phone:	+43 1 71707-2089
FAX:	+43 1 71707-2138
mail:	ir@rbinternational.com
WWW:	www.rbinternational.com
ISIN:	AT0000606306
indexes:	ATX
	stockmarkets: Luxembourg Stock Exchange, Wien
language:	English

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