Raiffeisen Bank International AG

Earnings Release • Aug 29, 2012

News Details

Ad-hoc | 29 August 2012 07:32

Raiffeisen Bank International AG: Semi-Annual Financial Report 2012

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

29.08.2012 07:32

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• Net interest income down to EUR 1,716 mn (down 3.6% y-o-y)
• Operating income decreased to EUR 2,613 mn (down 4.9% y-o-y)
• General administrative expenses flat at EUR 1,518 mn (up 0.2% y-o-y)
• Net provisioning for impairment losses slightly fell to EUR 400 mn (down
  1.3% y-o-y)
• One-off items of EUR 272 mn in Q1
• Profit before tax improved to EUR 927 mn (up 5.6% y-o-y)
• Consolidated profit considerably increased to EUR 701 mn (up 13.9% y-o-y)
• NPL ratio increased to 9.8% (up 1.1 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 10.1% (up 1.0
  PP compared to FY 2011)
• Tier 1 ratio (total risk) increased to 10.6% (up 0.7 PP compared to FY
  2011)

Income Statement in EUR mn 1-6/2012 1-6/2011 4-6/2012 4-6/2011
Net interest income 1,716 1,781 841 897
Net provisioning for
impairment losses (400) (405) (247) (197)
Net interest income after
provisioning 1,317 1,376 594 700
Net fee and commission income 721 737 375 380
Net trading income 212 256 130 133
General administrative expenses (1,518) (1,514) (764) (761)
Profit before tax 927 879 243 473
Profit after tax 734 677 160 372
Consolidated profit 701 615 160 345

Balance Sheet in EUR mn 30/6/12 31/12/11
Equity 10,850 10,936
Total assets 152,717 146,985

Bank Specific Information 30/6/12 31/12/11
Core tier 1 ratio (total risk) 10.1% 9.0%
Tier 1 ratio (credit risk) 12.9% 12.2%
Tier 1 ratio (total risk) 10.6% 9.9%
Own funds ratio 14.8% 13.5%

Performance 1-6/2012 1-6/2011
Return on equity (ROE)
before tax 17.3% 17.1%
Consolidated return on equity 14.4% 13.3%
Cost/income ratio 58.1% 55.1%
Earnings per share in EUR 3.09 2.65

Resources 30/6/12 31/12/11
Number of staff 60,918 59,261
Business outlets 3,153 2,928

Figures include first time consolidation of Polbank (since 1 May).

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
  second half of 2012 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 190 million in 2012.
• We plan to raise around EUR 5.8 billion in long-term wholesale funding
  (maturity of more than one year) for the RBI Group in 2012. In the
  wholesale funding sensitive to capital markets we allow for EUR 3.2
  billion, which was already placed by the end of July.
• 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

29.08.2012 DGAP's Distribution Services include Regulatory Announcements,
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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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