EANS-News: Raiffeisen Bank International AG / RBI continues to focus on digitalization and profitable growth

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Annual Result

Vienna – 17 March 2021. Today, Raiffeisen Bank International AG (RBI) published its FY 2020 Annual Report and updated its outlook. There were no material changes to the key figures compared to the preliminary numbers published on 5 February 2021.

RBI generated consolidated profit of EUR 804 million, demonstrating the resilience of the business in a challenging environment. Earnings were nonetheless significantly lower year-on-year, reflecting the lockdowns, the subsequent recession, rate cuts and CEE currency weakness. The bank’s digitalization strategy proved to be a strong advantage, especially during the pandemic. This strategy will continue to be consistently executed and thereby support future growth at attractive returns.

The complete 2020 Annual Report can also be found online at http:// ar2020.rbinternational.com [http://ar2020.rbinternational.com/].

Outlook

We expect modest loan growth in the first half of 2021, accelerating in the second half of the year.

The provisioning ratio for FY 2021 is expected to be around 75 basis points, as moratoria and government support programs expire.

We remain committed to a cost/income ratio of around 55 per cent – possibly as soon as 2022 depending on the speed of the recovery.

We expect the consolidated return on equity to improve in 2021, and we target 11 per cent in the medium term.

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.

Monetary values in 2020 2019 Change 2018 2017 2016
EUR million
Income statement 1/1-31/12 1/1-31/12 1/1-31/12 1/1-31/12 1/1-31/12
Net interest income 3,241 3,412 (5.0)% 3,362 3,225 2,935
Net fee and 1,738 1,797 (3.3)% 1,791 1,719 1,497
commission income
General
administrative (2,949) (3,093) (4.7)% (3,048) (3,011) (2,848)
expenses
Operating result 2,246 2,382 (5.7)% 2,330 2,164 1,844
Impairment losses on (630) (234) 169.1% (166) (312) (754)
financial assets
Profit/loss before 1,233 1,767 (30.2)% 1,753 1,612 886
tax
Profit/loss after 910 1,365 (33.3)% 1,398 1,246 574
tax
Consolidated profit/ 804 1,227 (34.5)% 1,270 1,116 463
loss
Statement of 31/12 31/12 31/12 31/12 31/12
financial position
Loans to banks 11,952 9,435 26.7% 9,998 10,741 9,900
Loans to customers 90,671 91,204 (0.6)% 80,866 77,745 70,514
Deposits from banks 29,121 23,607 23.4% 23,980 22,378 12,816
Deposits from 102,112 96,214 6.1% 87,038 84,974 71,538
customers
Equity 14,288 13,765 3.8% 12,413 11,241 9,232
Total assets 165,959 152,200 9.0% 140,115 135,146 111,864
Key ratios 1/1-31/12 1/1-31/12 1/1-31/12 1/1-31/12 1/1-31/12
Return on equity 9.2% 14.2% (5.0) PP 16.3% 16.2% 10.3%
before tax
Return on equity 6.8% 11.0% (4.2) PP 12.7% 12.5% 6.7%
after tax
Consolidated return 6.4% 11.0% (4.5) PP 12.6% 12.2% 5.8%
on equity
Cost/income ratio 56.8% 56.5% 0.3 PP 56.7% 58.2% 60.7%
Return on assets 0.77% 1.18% (0.42) PP 1.33% 1.23% 0.79%
before tax
Net interest margin
(average interest- 2.15% 2.44% (0.29) PP 2.50% 2.48% 2.78%
bearing assets)
Provisioning ratio
(average loans to 0.68% 0.26% 0.42 PP 0.21% 0.41% 1.05%
customers)
Bank-specific 31/12 31/12 31/12 31/12 31/12
information
NPE ratio 1.9% 2.1% (0.2) PP 2.6% 4.0% –
NPE coverage ratio 61.5% 61.0% 0.5 PP 58.3% 56.1% –
Total risk-weighted 78,864 77,966 1.2% 72,672 71,902 60,061
assets (RWA)
Common equity tier 1 13.6% 13.9% (0.3) PP 13.4% 12.7% 13.6%
ratio (fully loaded)
Tier 1 ratio (fully 15.7% 15.4% 0.3 PP 14.9% 13.6% 13.6%
loaded)
Total capital ratio 18.4% 17.9% 0.5 PP 18.2% 17.8% 18.9%
(fully loaded)
Stock data 1/1-31/12 1/1-31/12 1/1-31/12 1/1-31/12 1/1-31/12
Earnings per share 2.22 3.54 (37.4)% 3.68 3.34 1.58
in EUR
Closing price in EUR 16.68 22.39 (25.5)% 22.20 30.20 17.38
(31/12)
High (closing 22.92 24.31 (5.7)% 35.32 30.72 18.29
prices) in EUR
Low (closing prices) 11.25 18.69 (39.8)% 21.30 17.67 10.21
in EUR
Number of shares in 328.94 328.94 0.0% 328.94 328.94 292.98
million (31/12)
Market
capitalization in 5,487 7,365 (25.5)% 7,302 9,934 5,092
EUR million (31/12)
Dividend per share 0.48 – – 0.93 0.62 –
in EUR
Resources 31/12 31/12 31/12 31/12 31/12
Employees as at
reporting date 45,414 46,873 (3.1)% 47,079 49,700 48,556
(full-time
equivalents)
Business outlets 1,857 2,040 (9.0)% 2,159 2,409 2,506
Customers in million 17.2 16.7 2.5% 16.1 16.5 14.1

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