Raiffeisen Bank International AG / Key word(s): Final Results
16.03.2016 07:33

Dissemination of an 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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- Significantly improved CET1 ratio y-o-y
- Transformation program well on track
- Polish sales process continues despite headwinds (bank levy and CHF portfolio)
- Revenues and net interest margin down y-o-y reflecting reduced volumes, adverse FX developments, and ongoing low interest rate environment - Substantially improved risk costs y-o-y resulting from stabilization in most markets
- Positive profit development in the vast majority of our markets - Robust performance of segment Eastern Europe (Belarus, Russia, Ukraine) - Increased profit contribution from segment Central Europe resulting from positive trend in Hungary and growth in Czech Republic as well as Slovakia - EBRD equity participation in Raiffeisenbank Aval (Ukraine) completed

Income Statement 2015 2014 Q4/2015 Q3/2015 in EUR mn restated restated Net interest income 3,327 3,789 832 814 Net provisioning for 
impairment losses (1,264) (1,750) (469) (191) Net interest income after 
provisioning 2,063 2,039 363 623 Net fee and commission 
income 1,519 1,586 390 384 Net trading income 16 (30) 29 (14) General administrative 
expenses (2,914) (3,024) (813) (713) Other results (40) (681) 16 (59) Profit/loss before tax 711 (105) 3 253 Profit/loss after tax 435 (587) (81) 201 Consolidated profit/loss 379 (617) (83) 186
Balance Sheet in              31/12/15   31/12/14
EUR mn                                   restated
Equity                        8,501      8,178
Total assets                  114,427    121,500
NPL ratio                     11.9%      11.4%
NPL coverage ratio            71.3%      67.5%
Risk-weighted assets (total 
RWA)                          63,272     68,721

Ratios                        31/12/15   31/12/14
                                         restated
Common equity tier 1 ratio 
(transitional)                12.1%      10.8%
Common equity tier 1 ratio 
(fully loaded)                11.5%      10.0%
Total capital ratio 
(transitional)                17.4%      16.0%
Total capital ratio (fully 
loaded)                       16.8%      15.1%

Ratios                        2015       2014
                                         restated
Net interest margin           3.00%      3.24%
Return on equity before tax   8.5%       -
Cost/income ratio             59.1%      56.5%
Earnings per share in EUR     1.30       (2.17)

Resources                     31/12/15   31/12/14
Employees (full-time 
equivalents)                  51,492     54,730
Business outlets              2,705      2,866


Outlook

We target a CET1 ratio (fully loaded) of at least 12 per cent and a total capital ratio (fully loaded) of at least 16 per cent by the end of 2017.
After the implementation of the strategic measures defined at the beginning of 2015, the cost base should be approximately 20 per cent below the level of 2014 (general administrative expenses 2014: EUR 3,024 million).
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.

We further aim to achieve a cost/income ratio of between 50 and 55 per cent in the medium term.

We expect net provisioning for impairment losses for 2016 to be below the level of 2015 (EUR 1,264 million).

General administrative expenses for 2016 should be slightly below the level of the previous year (2015: EUR 2,914 million).


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


16.03.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: Terminbörse EUREX; Wien (Amtlicher Handel / Official Market)  
End of Announcement DGAP News-Service  

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