EANS-Adhoc: Raiffeisen Bank International AG / Outlook updated / Consolidated profit of over one billion Euro

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
03.11.2021

Vienna –

• Net interest income up 9% quarter-on-quarter driven by volume growth and higher key rates
• Net fee and commission income up 8% quarter-on-quarter to EUR 538 million
• Cost income ratio at 52.1% in Q3 while general administrative expenses (up 3% quarter-on-quarter) reflect first time consolidation of Equa bank and integration cost
• Year to date provisioning ratio at 0.21%
• Consolidated profit improved 76% year-on-year to EUR 1,055 million
• Loans to customers up 11% (excluding Equa bank 9%) year-to-date
• CET1 ratio at 13.2% (fully loaded), including year to date result and Equa bank impact
• Moody’s rating upgrade to A2 from A3
• Extraordinary general meeting scheduled for 10 November to vote on proposed additional dividend of EUR 0.75 per share

Income
Statement in 1-9/2021 1-9/2020 Q3/2021 Q2/2021
EUR million
Net interest 2,445 2,476 875 804
income
Net fee and
commission 1,470 1,272 538 499
income
Net trading
income and fair 29 95 (3) 27
value result
General
administrative (2,185) (2,136) (758) (735)
expenses
Operating 1,912 1,870 697 647
result
Other result (121) (210) (47) (37)
Governmental
measures and (187) (244) (26) (31)
compulsory
contributions
Impairment
losses on (152) (497) (42) (31)
financial
assets
Profit before 1,452 920 582 549
tax
Profit after 1,155 679 481 430
tax
Consolidated 1,055 599 443 396
profit

Balance Sheet in EUR 30/09/2021 31/12/2020
million
Loans to customers 100,659 90,671
Deposits from customers 114,651 102,112
Total assets 190,610 165,959
Total risk-weighted 88,862 78,864
assets (RWA)

Key ratios 30/09/2021 31/12/2020
NPE ratio 1.6% 1.9%
NPE coverage ratio 62.2% 61.5%
CET1 ratio (fully loaded, 13.2% 13.6%
incl. result)
Total capital ratio
(fully loaded, incl. 17.7% 18.4%
result)

Key ratios 1-9/2021 1-9/2020 Q3/2021 Q2/2021
Net interest
margin (average 1.96% 2.21% 1.99% 1.92%
interest-
bearing assets)
Cost/income 53.3% 53.3% 52.1% 53.2%
ratio
Provisioning
ratio (average 0.21% 0.72% 0.17% 0.11%
loans to
customers)
Consolidated
return on 11.1% 6.4% 14.3% 12.7%
equity
Earnings per 3.00 1.66 1.28 1.13
share in EUR

Outlook

We now expect loan growth of around 11 per cent (excluding Equa bank) for 2021.

The provisioning ratio for 2022 is expected to be around 40 basis points.

We remain committed to a cost/income ratio of around 55 per cent.

We expect the consolidated return on equity to improve further in 2022, and we target 11 per cent in the medium term.

We confirm our CET 1 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

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