Raiffeisen Bank International AG

Earnings Release • May 14, 2020

Publication Date: 14.05.2020 07:29 EANS-Adhoc: RBI: Publication of Q1 2020 results and change in outlook

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 14.05.2020

Vienna - Vienna, 14 May 2020. Following a relatively strong first quarter operating result, there has also been an improvement in visibility with respect to the economic repercussions of COVID-19 in the markets in which Raiffeisen Bank International AG (RBI) operates. This has enabled a better assessment of the expected future impact on the business and led to an update in the outlook:

• * We expect modest loan growth in 2020.
• * The provisioning ratio for FY 2020 is currently expected to be around 75 basis points, depending on the length and severity of disruption.
• * We aim to achieve a cost/income ratio of around 55 per cent in the medium term and are evaluating how the current circumstances will impact the ratio in 2021.
• * In the medium term we target a consolidated return on equity of approximately 11 per cent. As of today, and based on our best estimates, we expect a consolidated return on equity in the mid-single digits for 2020.
• * We confirm our CET1 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.

RBI has also published its First Quarter Report 2020, which can be found online at http://qr012020.rbinternational.com.

Income Statement in	Q1/2020	Q1/2019	Q4/2019
EUR million
Net interest income	881	825	881
Net fee and	448	402	489
commission income
Net trading income	37	(52)	70
and fair value result
General
administrative	(755)	(724)	(848)
expenses
Other result	(82)	(26)	(151)
Operating result	650	489	794
Levies and special	(128)	(114)	(21)
governmental measures
Impairment losses on	(153)	(9)	(154)
financial assets
Profit before tax	286	340	468
Profit after tax	207	259	380
Consolidated profit	177	226	353

31/03/2020	31/12/2019
92,198	91,204
97,084	96,214
155,596	152,200
78,181	77,966

Key ratios	31/03/2020	31/12/2019
NPE ratio	2.0%	2.1%
NPE coverage ratio	62.4%	61.0%
CET1 ratio (fully loaded,	13.0%	13.9%
incl. result)
Total capital ratio (fully	16.8%	17.9%
loaded, incl. result)

Key ratios	Q1/2020	Q1/2019	Q4/2019
Net interest margin
(average interest-	2.43%	2.43%	2.47%
bearing assets)
Cost/income ratio	53.8%	59.7%	51.7%
Provisioning ratio
(average loans to	0.66%	0.04%	0.65%
customers)
Consolidated return on	5.6%	7.9%	12.8%
equity
Earnings per share in	0.49	0.64	1.03
EUR

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

	end of announcement	euro adhoc
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Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Wien
+43 1 71707-2089
+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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