Raiffeisen Bank International AG

Earnings Release • Mar 25, 2015

Ad hoc announcement

Raiffeisen Bank International AG / Keyword(s): Final Results/Weiteres
Schlagwort

Raiffeisen Bank International AG: Full Year Results 2014

Ad hoc announcement transmitted by DGAP – a service of EQS Group AG. The
issuer is solely responsible for the content of this announcement.

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• Net interest income of EUR 3,789 mn (up 1.6% y-o-y)
• Net trading income of minus EUR 30 mn (down EUR 351 mn y-o-y)
• General administrative expenses decreased to EUR 3,024 mn (down 9.5%
  y-o-y)
• Net provisioning for impairment losses increased to EUR 1,716 mn (up
  49.3% y-o-y)
• Negative one-offs of EUR 753 mn consisting of goodwill impairments,
  deferred tax asset write-downs and new legislation in Hungary (Settlement
  Act)
• Profit before tax decreased to EUR 23 mn (down 97.3% y-o-y)
• Consolidated profit decreased to minus EUR 493 mn (down EUR 1,050 mn
  y-o-y)
• Common equity tier 1 ratio: CET1 (fully loaded) 10.0%; CET1
  (transitional) 10.9%
• Leverage ratio (fully loaded) of 5.7%

Income Statement in EUR mn 2014 2013 Q4/2014 Q3/2014
Net interest income 3,789 3,729 895 940
Net provisioning for
impairment losses (1,716) (1,149) (633) (515)
Net interest income after
provisioning 2,073 2,580 262 425
Net fee and commission
income 1,586 1,626 417 404
Net trading income (30) 321 (68) 30
General administrative
expenses (3,024) (3,340) (728) (776)
Net income from derivatives
and liabilities 88 (257) 28 103
Net income from financial
investments 62 58 (39) 23
Profit/loss before tax 23 835 (479) (16)
Profit/loss after tax (463) 603 (722) (112)
Consolidated profit/loss (493) 557 (718) (119)

Balance Sheet in EUR mn 31/12/14 31/12/13
Equity 8,302 10,364
Total assets 121,624 130,640
NPL ratio 11.3% 10.7%
NPL coverage ratio 67.4% 63.1%

Risk-weighted assets (total
RWA) 68,721 79,897
Ratios 31/12/14 31/12/13
Common equity tier 1 ratio
(transitional) 10.9% 10.7%

Common equity tier 1 ratio
(fully loaded) 10.0% -
Total capital ratio
(transitional) 16.0% 15.9%
Total capital ratio (fully
loaded) 15.2% -
2014 2013
Net interest margin 3.24% 3.11%
Return on equity before tax 0.2% 7.8%

Cost/income ratio 56.5% 58.3%
Earnings per share in EUR (1.73) 1.83
Resources 31/12/14 31/12/13
Employees (full-time
equivalents) 54,730 57,901
Business outlets 2,866 3,025

Outlook

We are planning an aggregate gross risk-weighted asset (total RWA)
reduction of EUR 16 billion in selected markets by the end of 2017 (total
RWA as at 31 December 2014: EUR 68.7 billion). We intend to partly offset
the reduction with growth in other business areas.

After the implementation of the new strategic measures, the cost base
should be 20 per cent below the level of 2014 (at constant prices and
foreign exchange rates; general administrative expenses 2014: EUR 3,024
million). We target a cost/income ratio of between 50 and 55 per cent in
the medium term.

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. The full year 2015 consolidated result may be negative as the
majority of the restructuring costs (around EUR 550 million in total) are
expected to be booked in 2015.

We expect net provisioning for impairment losses to remain elevated in
2015; however, we anticipate that the requirement will be below the level
of the previous year (2014: EUR 1,716 million).

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

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: Wien (Amtlicher Handel / Official Market)

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