Raiffeisen Bank International AG

Earnings Release • Nov 28, 2012

News Details

Ad-hoc | 28 November 2012 07:30

Raiffeisen Bank International AG: Third Quarter Report 2012

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

28.11.2012 07:30

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• Net interest income of EUR 2,596 mn (down 4.7% y-o-y)
• Operating income of EUR 3,885 mn (down 5.2% y-o-y)
• General administrative expenses increased to EUR 2,336 mn (up 2.2% y-o-y)
• Net provisioning for impairment losses fell to EUR 623 mn (down 20.2%
  y-o-y)
• One-off items of EUR 272 mn in Q1
• Profit before tax improved to EUR 1,115 mn (up 8.1% y-o-y)
• Consolidated profit considerably increased to EUR 842 mn (up 13.0% y-o-y)
• NPL ratio increased to 10.0% (up 1.4 PP compared to FY 2011)
• Coverage ratio declined to 65.8% (down 2.6 PP compared to FY 2011)
• Core Tier 1 ratio (total risk) significantly increased to 10.2% (up 1.1
  PP compared to FY 2011)
• Tier 1 ratio (total risk) increased to 10.7% (up 0.8 PP compared to FY
  2011)

Income Statement in EUR mn 1-9/2012 1-9/2011 7-9/2012 7-9/2011
Net interest income 2,596 2,724 834 943
Net provisioning for
impairment losses (623) (782) (224) (377)
Net interest income after
provisioning 1,973 1,942 611 566
Net fee and commission income 1,120 1,125 400 388
Net trading income 220 293 54 37
General administrative expenses (2,336) (2,287) (818) (772)
Profit before tax 1,115 1,032 188 153
Profit after tax 889 760 155 82
Consolidated profit 842 745 141 130

Balance Sheet in EUR mn 30/9/12 31/12/11
Equity 11,136 10,936
Total assets 147,128 146,985

Bank Specific Information 30/9/12 31/12/11
Core tier 1 ratio (total risk) 10.2% 9.0%
Tier 1 ratio (credit risk) 13.1% 12.2%
Tier 1 ratio (total risk) 10.7% 9.9%
Own funds ratio 14.8% 13.5%

Performance 1-9/2012 1-9/2011
Return on equity (ROE)
before tax 14.1% 13.6%
Consolidated return on equity 11.7% 11.0%
Cost/income ratio 60.1% 55.8%
Earnings per share in EUR 3.55 3.06

Resources 30/9/12 31/12/11
Number of staff 60,632 59,261
Business outlets 3,115 2,928

The outlook is summarized as follows:

• With the inclusion of the acquisition of Polbank, we are aiming for a
  return on equity before tax of around 15 per cent in the medium term.
• In 2012, we expect a stable business volume due to the economic
  environment and restrictive regulatory requirements.
• Depending on market developments, a capital increase continues to be a
  possible option.
• We expect a slight increase in the volume of non-performing loans in the
  next months and the net provisioning ratio to remain stable or increase
  slightly.
• Bank levies in Austria and CEE will presumably result in a negative
  earnings effect of some EUR 160 million in 2012.
• The funding requirement for 2012 is fully covered.
• Without taking Polbank into account, we expect a flat cost development at
  Group level, whilst including Polbank we expect a slight cost increase.

For further information please contact:

Susanne Langer
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43-1-71707-2089
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: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)

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