Raiffeisen Bank International AG

Earnings Release • Mar 16, 2016

News Details

Ad-hoc | 16 March 2016 07:33

Raiffeisen Bank International AG: Full Year Results 2015

Raiffeisen Bank International AG / Key word(s): Final Results

16.03.2016 07:33

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The issuer is solely responsible for the content of this announcement.

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• Significantly improved CET1 ratio y-o-y
• Transformation program well on track
• Polish sales process continues despite headwinds (bank levy and CHF
  portfolio)
• Revenues and net interest margin down y-o-y reflecting reduced volumes,
  adverse FX developments, and ongoing low interest rate environment
• Substantially improved risk costs y-o-y resulting from stabilization in
  most markets
• Positive profit development in the vast majority of our markets
• Robust performance of segment Eastern Europe (Belarus, Russia, Ukraine)
• Increased profit contribution from segment Central Europe resulting from
  positive trend in Hungary and growth in Czech Republic as well as Slovakia
• EBRD equity participation in Raiffeisenbank Aval (Ukraine) completed

Income Statement 2015 2014 Q4/2015 Q3/2015
in EUR mn restated restated
Net interest income 3,327 3,789 832 814
Net provisioning for
impairment losses (1,264) (1,750) (469) (191)
Net interest income after
provisioning 2,063 2,039 363 623
Net fee and commission
income 1,519 1,586 390 384
Net trading income 16 (30) 29 (14)
General administrative
expenses (2,914) (3,024) (813) (713)
Other results (40) (681) 16 (59)
Profit/loss before tax 711 (105) 3 253
Profit/loss after tax 435 (587) (81) 201
Consolidated profit/loss 379 (617) (83) 186

Balance Sheet in 31/12/15 31/12/14
EUR mn restated
Equity 8,501 8,178
Total assets 114,427 121,500
NPL ratio 11.9% 11.4%
NPL coverage ratio 71.3% 67.5%
Risk-weighted assets (total
RWA) 63,272 68,721

Ratios 31/12/15 31/12/14
restated
Common equity tier 1 ratio
(transitional) 12.1% 10.8%
Common equity tier 1 ratio
(fully loaded) 11.5% 10.0%
Total capital ratio
(transitional) 17.4% 16.0%
Total capital ratio (fully
loaded) 16.8% 15.1%

Ratios 2015 2014
restated
Net interest margin 3.00% 3.24%
Return on equity before tax 8.5% -
Cost/income ratio 59.1% 56.5%
Earnings per share in EUR 1.30 (2.17)

Resources 31/12/15 31/12/14
Employees (full-time
equivalents) 51,492 54,730
Business outlets 2,705 2,866

Outlook

We target a CET1 ratio (fully loaded) of at least 12 per cent and a total
capital ratio (fully loaded) of at least 16 per cent by the end of 2017.

After the implementation of the strategic measures defined at the beginning
of 2015, the cost base should be approximately 20 per cent below the level
of 2014 (general administrative expenses 2014: EUR 3,024 million).

We aim for a return on equity before tax of approximately 14 per cent and a
consolidated return on equity of approximately 11 per cent in the medium
term.

We further aim to achieve a cost/income ratio of between 50 and 55 per cent
in the medium term.

We expect net provisioning for impairment losses for 2016 to be below the
level of 2015 (EUR 1,264 million).

General administrative expenses for 2016 should be slightly below the level
of the previous year (2015: EUR 2,914 million).

For further information please contact:

Susanne E. Langer
Head of Group Investor Relations
Spokesperson
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43-1-71 707-2089
www.rbinternational.com

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Language: English
Company: 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: Terminbörse EUREX; Wien (Amtlicher Handel / Official Market)

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