Raiffeisen Bank International AG

Earnings Release • Feb 1, 2016

News Details

Ad-hoc | 1 February 2016 19:01

Raiffeisen Bank International AG: Preliminary 2015 consolidated profit of EUR 383 million

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

01.02.2016 19:01

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RBI: Preliminary 2015 consolidated profit of EUR 383 million

Vienna, 1 February 2016. Raiffeisen Bank International AG (RBI) announces a
preliminary 2015 consolidated profit of EUR 383 million. This is above the
guidance previously given, primarily due to lower than expected net
provisioning for impairment losses of EUR 1,266 million, 28 percent below
2014. This development was spread across a number of markets. General
administrative expenses were EUR 2,915 million, 4 per cent below the prior
year. Transformation program costs in 2015 were approximately EUR 90
million, in line with guidance. FY 2015 guidance had also included goodwill
impairment charges and risk costs amounting to EUR 124.1 million, which
were reallocated to FY 2014 in the course of a restatement.

This restatement arose from a routine examination of RBI by the Austrian
Financial Reporting Enforcement Panel under Section 2 (1) 2 of the
Accounting Control Act. RBI expects to receive formal notification in the
coming months confirming the result. The examination covered the
consolidated 2014 financial statements and 2015 semi-annual report. The
reallocation of the EUR 124.1 million led to a revision of the FY 2014
consolidated loss to EUR 616.8 million. Consequently, these charges are not
reflected in the FY 2015 consolidated statements.

The EUR 124.1 million consists of two factors: a EUR 93.4 million goodwill
impairment charge relating to Raiffeisen Polbank and EUR 34.1 million in
net provisioning costs, resulting in additional deferred tax income of EUR
3.4 million.
The restatement has a negligible impact on regulatory capital ratios.

Based on preliminary data, total RWA were approximately EUR 63 billion as
of 31 December 2015 and the reported CET1 ratio (fully loaded) was
approximately 11.5 per cent.

The management board will recommend to the Annual General Meeting that no
dividend is paid for the 2015 financial year.

Income statement 1-12/2015 1-12/2014 1-12/2014
In EUR mn pre- restated published
liminary

Net interest income 3,327 3,789 3,789
Net fee and commission income 1,519 1,586 1,586
Net trading income 16 (30) (30)
Net provisioning for impairment losses (1,266) (1,750)* (1,716)
General administrative expenses (2,915) (3,024) (3,024)
Other results (40) (681)* (593)
hereof net income from derivatives and (4) 88 88
liabilities
hereof net income from financial investments 68 62 62
hereof impairment of goodwill (7) (399)* (306)
hereof profit/loss from banking business due (19) (251) (251)
to governmental measures
Profit/loss before tax 696 (105)* 23
Profit/loss after tax 434 (587)* (463)
Consolidated profit/loss 383 (617)* (493)

Statement of financial position 31/12/ 31/12/ 31/12/
In EUR bn 2015 2014 2014
prel. restated published

Loans and advances to customers ~70 78 78
Deposits from customers ~69 66 66
Total assets ~114 121* 122
Risk-weighted assets (total RWA) ~63 69 69

Key ratios 1-12/2015 1-12/2014 1-12/2014
prel. restated published

Net interest margin ~3.0% 3.24%* 3.24%
NPL ratio ~12.0% 11.3% 11.3%
NPL coverage ratio ~71.0% 67.5%* 67.4%
Common Equity Tier 1 Ratio (fully loaded) ~11.5% 10.0%* 10.0%
Common Equity Tier 1 Ratio (transitional) ~12.2% 10.8%* 10.9%

*2014 data restated

The information contained in this release is based on unaudited,
preliminary figures. The final amounts will be determined in the coming
weeks and will be published as announced with the 2015 financial report on
16 March 2016.

For further information please contact:

Susanne E. Langer
Head of 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

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Language: English
Company: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Vienna
Austria
Phone: +43-1-71707-2089
Fax:
E-mail: ir@rbinternational.com
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Wien (Amtlicher Handel / Official Market)

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