EANS-Adhoc: RBI: Publication of Q1 2020 results and change in outlook

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Quarterly Report
14.05.2020

Vienna - Vienna, 14 May 2020. Following a relatively strong first quarter operating result, there has also been an improvement in visibility with respect to the economic repercussions of COVID-19 in the markets in which Raiffeisen Bank International AG (RBI) operates. This has enabled a better assessment of the expected future impact on the business and led to an update in the outlook:

  • We expect modest loan growth in 2020.
  • The provisioning ratio for FY 2020 is currently expected to be around 75 basis points, depending on the length and severity of disruption.
  • We aim to achieve a cost/income ratio of around 55 per cent in the medium term and are evaluating how the current circumstances will impact the ratio in 2021.
  • In the medium term we target a consolidated return on equity of approximately 11 per cent. As of today, and based on our best estimates, we expect a consolidated return on equity in the mid-single digits for 2020.
  • We confirm our CET1 ratio target of around 13 per cent for the medium term.
  • Based on this target we intend to distribute between 20 and 50 per cent of consolidated profit.

RBI has also published its First Quarter Report 2020, which can be found online at http://qr012020.rbinternational.com.

Income Statement in Q1/2020 Q1/2019 Q4/2019 EUR million Net interest income 881 825 881 Net fee and 448 402 489 commission income Net trading income 37 (52) 70 and fair value result General administrative (755) (724) (848) expenses Other result (82) (26) (151) Operating result 650 489 794 Levies and special (128) (114) (21) governmental measures Impairment losses on (153) (9) (154) financial assets Profit before tax 286 340 468 Profit after tax 207 259 380 Consolidated profit 177 226 353

Balance Sheet in EUR 31/03/2020 31/12/2019 million Loans to customers 92,198 91,204 Deposits from customers 97,084 96,214 Total assets 155,596 152,200 Total risk-weighted assets 78,181 77,966 (RWA)

Key ratios 31/03/2020 31/12/2019 NPE ratio 2.0% 2.1% NPE coverage ratio 62.4% 61.0% CET1 ratio (fully loaded, 13.0% 13.9% incl. result) Total capital ratio (fully 16.8% 17.9% loaded, incl. result)

Key ratios Q1/2020 Q1/2019 Q4/2019 Net interest margin (average interest- 2.43% 2.43% 2.47% bearing assets) Cost/income ratio 53.8% 59.7% 51.7% Provisioning ratio (average loans to 0.66% 0.04% 0.65% customers) Consolidated return on 5.6% 7.9% 12.8% equity Earnings per share in 0.49 0.64 1.03 EUR

end of announcement euro adhoc

issuer: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Wien
phone: +43 1 71707-2089
FAX: +43 1 71707-2138
mail: ir@rbinternational.com
WWW: www.rbinternational.com
ISIN: AT0000606306
indexes: ATX
stockmarkets: Luxembourg Stock Exchange, Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/5366/aom

Rückfragen & Kontakt:

John P. Carlson, CFA
Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
Telephone: +43 1 71 707 2089
www.rbinternational.com

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