Raiffeisen Bank International AG

Report Publication Announcement • Mar 18, 2020

Publication Date: 18.03.2020 07:31 EANS-Adhoc: Publication of FY 2019 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.

Annual Report 18.03.2020

Vienna - RBI: Publication of FY 2019 results and change in outlook

Vienna, 18 March 2020. Raiffeisen Bank International AG (RBI) has revised its outlook due to the changed circumstances affecting the daily environment and the global economy as a result of the measures being taken to limit the spread of COVID-19. The associated constraints are likely to result in a severe recession in the Euro area (assumed -4% GDP in 2020) with negative repercussions for RBI's markets (assumed up to -6% GDP in 2020):

• * We are reducing our loan growth expectations for 2020.
• * The provisioning ratio for FY 2020 is currently expected to rise to between 50 and 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, but are still evaluating the impact of the current environment on profitability in 2020.
• * We confirm our CET1 ratio target of around 13 per cent.
• * Based on this target we intend to distribute between 20 and 50 per cent of consolidated profit.

RBI has also published its 2019 annual report, which can be found online at http://ar2019.rbinternational.com [http://ar2019.rbinternational.com/]. This does not contain the revised outlook. There were no material changes to the key figures compared to the preliminary numbers published on 6 February 2020:

Monetary values in EUR million	2019	2018	change 2019		2019
Income statement	1-12	1-12		Q4	Q3
Net interest income	3,412	3,362	1.5%	881	866
Net fee and commission income	1,797	1,791	0.3%	489	468
General administrative expenses		(3,093) (3,048) 1.5%		(848)	(748)
Operating result	2,382	2,330	2.3%	794	580
Impairment losses on financial assets (234)		(166)	41.2%	(154)	(68)
Profit/loss before tax	1,767	1,753	0.8%	468	465
Profit/loss after tax	1,365	1,398	(2.4)% 380		341
Consolidated profit/loss	1,227	1,270	(3.4)% 353		303
Statement of financial position	31/12	31/12		31/12	30/9
Loans to banks	9,435	9,998	(5.6)% 9,435		9,060
Loans to customers	91,204	80,866	12.8%	91,204	92,574
Deposits from banks	23,607	23,980		(1.6)% 23,607	27,545

Deposits from customers	96,214	87,038	10.5%	96,214	90,701
Equity	13,765	12,413	10.9%	13,765	13,344
Total assets		152,200 140,115 8.6%		152,200 150,805

	2019	2018	change	2019	2019
Key ratios	1-12	1-12		Q4	Q3
Return on equity before tax	14.2%	16.3%	(2.1) PP	15.1%	15.1%
Return on equity after tax	11.0%	12.7%	(1.7) PP	12.3%	11.1%
Consolidated return on equity	11.0%	12.6%	(1.6) PP	12.8%	10.9%
Cost/income ratio	56.5%	56.7%	(0.2) PP	51.7%	56.3%
Return on assets before tax	1.18%	1.33%	(0.15) PP 1.23%		1.24%
Net interest margin (average interest-	2.44%	2.50%	(0.07) PP 2.47%		2.46%
bearing assets)
Provisioning ratio (average loans to	0.26%	0.21%	0.06 PP	0.65%	0.32%
customers)
Earnings per share in EUR	3.54	3.68	(3.7)%	1.03	0.87
Dividend per share in EUR	1.00	0.93	7.5%	-	-
Bank-specific information	31/12	31/12		31/12	30/9
NPE ratio	2.1%	2.6%	(0.5) PP	2.1%	2.3%
NPE coverage ratio	61.0%	58.3%	2.7 PP	61.0%	60.2%
Risk-weighted assets (total RWA)		77,966 72,672 7.3%		77,966 77,816
Common equity tier 1 ratio (fully loaded) 13.9%		13.4%	0.6 PP	13.9%	13.7%*
Tier 1 ratio (fully loaded)	15.4%	14.9%	0.5 PP	15.4%	14.8%
Total capital ratio (fully loaded)	17.9%	18.2%	(0.3) PP	17.9%	17.4%

*Including YTD results

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 --------------------------------------------------------------------------------

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

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