DGAP-Adhoc: Raiffeisen Bank International AG: Full Year

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Mar 27, 2014 at 2:45 AM

DGAP-Adhoc: Raiffeisen Bank International AG: Full Year Results 2013

Raiffeisen Bank International AG / Key word(s): Final Results 27.03.2014 07:30 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Net interest income of EUR 3,729 mn (up 7.4% y-o-y) - General administrative expenses increased to EUR 3,340 mn (up 2.5% y-o-y) primarily due to Polbank integration, salary inflation in Russia and software impairment in Czech Republic - Net provisioning for impairment losses increased to EUR 1,149 mn (up 13.9% y-o-y) - Net income from financial investments of EUR 58 mn (down EUR 261 mn primarily due to gain on sale of security portfolio of EUR 163 mn in 2012) - Net income from derivatives and liabilities of minus EUR 257 mn (down EUR 129 mn mainly affected by EUR 113 mn one-off gain from hybrid tier 1 buyback in 2012) - Profit before tax declined to EUR 835 mn (down 19.5% y-o-y) mainly due to substantial one-offs in 2012 - Consolidated profit decreased to EUR 557 mn (down 23.6% y-o-y) - NPL ratio increased to 10.7% (up 0.9PP compared to FY 2012) - NPL coverage ratio decreased to 63.1% (down 3.9PP compared to FY 2012) - Core tier 1 ratio stable at 10.7% compared to FY 2012 - Common equity tier 1 ratio (fully phased-in) of 10.1% pro forma for capital increase - Leverage ratio of 5.7% comfortably surpasses the 3% envisaged regulatory ratio Income Statement in EUR mn 2013 2012 Q4/2013 Q4/2012 Net interest income 3,729 3,472 953 876 Net provisioning for impairment losses (1,149) (1,009) (350) (385) Net interest income after provisioning 2,580 2,463 603 491 Net fee and commission income 1,626 1,516 424 396 Net trading income 321 215 81 (6) General administrative expenses (3,340) (3,258) (910) (922) Net income from derivatives and liabilities (257) (127) (14) (20) Net income from financial investments 58 318 (15) 19 Profit before tax 835 1,037 138 (78) Profit after tax 603 752 142 (137) Consolidated profit 557 730 146 (113) Balance Sheet in EUR mn 31/12/13 31/12/12 Equity 10,364 10,873 Total assets 130,640 136,116 NPL ratio 10.7% 9.8% NPL coverage ratio 63.1% 67.0% Bank Specific Information 31/12/13 31/12/12 Core tier 1 ratio 10.7% 10.7% Tier 1 ratio 11.2% 11.2% Performance 2013 2012 Net interest margin 3.11% 2.66% Return on equity before tax 7.8% 9.7% Consolidated return on equity 5.5% 7.4% Cost/income ratio 58.3% 61.5% Earnings per share in EUR 1.83 2.72 Resources 31/12/13 31/12/12 Employees 57,901 60,084 Business outlets 3,025 3,106 The outlook was adapted to the changed environment: - We aim to slightly increase loans and advances to customers in 2014. - We expect the net provisioning requirement in 2014 to remain at around the same level as in the prior year, however, results may be impacted by the ECB Asset Quality Review process. The developments in Ukraine and their potential effects on the region are hereby also not taken into consideration. - In the course of our cost reduction program, we plan to reduce general administrative expenses to the level of 2012 by 2016. We aim to achieve a cost/income ratio of between 50 to 55 per cent by 2016. We plan to maintain 2014 costs at around the same level as 2013. - We aim for a return on equity before tax of approximately 15 per cent in the medium term. For further information please contact: Susanne E. Langer Head of Group Investor Relations Raiffeisen Bank International AG Am Stadtpark 9 1030 Vienna, Austria ir@rbinternational.com phone +43-1-71 707-2089 www.rbinternational.com 27.03.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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) End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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