Raiffeisen Bank International AG

Earnings Release • Nov 20, 2014

News Details

Ad-hoc | 20 November 2014 07:32

Raiffeisen Bank International AG: Third Quarter Report 2014

Raiffeisen Bank International AG / Key word(s): 9-month figures

20.11.2014 07:32

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• Net interest income of EUR 2,894 mn (up 4.2% y-o-y)
• Net trading income of EUR 38 mn (down 84.0% y-o-y) impacted by currency
  driven valuation losses in Ukraine and Russia
• General administrative expenses decreased to EUR 2,295 mn (down 5.5%
  y-o-y) primarily driven by FX effects
• Net provisioning for impairment losses increased to EUR 1,083 mn (up
  35.4% y-o-y)
• Profit before tax decreased to EUR 502 mn (down 27.9% y-o-y)
• Consolidated profit decreased to EUR 225 mn (down 45.2% y-o-y)
• NPL ratio at 11.1% (up 0.4PP compared to FY 2013)
• NPL coverage ratio increased to 65.4% (up 2.3PP compared to FY 2013)
• Common equity tier 1 ratio: CET1 (fully loaded) 10.2%; CET1
  (transitional) 11.0%
• Leverage ratio of 6.1% comfortably surpasses the 3% envisaged regulatory
  ratio

Income Statement in EUR mn 1-9/2014 1-9/2013 Q3/2014 Q2/2014
Net interest income 2,894 2,776 940 975
Net provisioning for
impairment losses (1,083) (800) (515) (287)
Net interest income after
provisioning 1,811 1,977 425 688
Net fee and commission
income 1,168 1,203 404 389
Net trading income 38 240 30 28
General administrative
expenses (2,295) (2,430) (776) (764)
Net income from derivatives
and liabilities 60 (243) 103 (15)
Net income from financial
investments 101 73 23 42
Profit before tax 502 696 (16) 278
Profit after tax 259 461 (112) 198
Consolidated profit 225 411 (119) 183

Balance Sheet in EUR mn 30/9/14 31/12/13
Equity 9,819 10,364
Total assets 132,016 130,640
NPL ratio 11.1% 10.7%
NPL coverage ratio 65.4% 63.1%

Bank Specific Information 30/9/14 31/12/13
Common equity tier 1 ratio
(transitional) 11.0% 10.7%
Common equity tier 1 ratio
(fully loaded) 10.2% n.a.

Performance 1-9/2014 1-9/2013
Net interest margin 3.29% 3.08%
Return on equity before tax 5.8% 8.6%
Consolidated return on
equity 1.7% 4.6%
Cost/income ratio 55.5% 56.9%
Earnings per share in EUR 0.42 1.34

Resources 30/9/14 31/12/13
Employees (full-time
equivalents) 55,933 57,901
Business outlets 2,894 3,025

We expect loans and advances to customers in 2014 to remain at the
approximate level of the previous year.
We anticipate a net provisioning requirement of approximately EUR 1,800
million, however, results may be impacted by a further deterioration of the
situation in Ukraine and Russia.
In the course of our cost reduction program, we plan to reduce general
administrative expenses to below the level of 2012 by 2016. We aim to
achieve a cost/income ratio of between 50 and 55 per cent by 2016. Costs in
2014 are expected to be below the level of 2013.
As a consequence of the latest developments, a negative result for 2014 is
to be expected. For 2015 we expect a consolidated profit in the mid triple
digit millions.
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.

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

20.11.2014 The DGAP 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: Wien (Amtlicher Handel / Official Market)

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