DGAP-Adhoc: Raiffeisen Bank International AG: Semi-Annual

Raiffeisen Bank International AG / Key word(s): Half Year Results 22.08.2013 07:35 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 1,836 mn (up 4.2% y-o-y) - General administrative expenses of EUR 1,617 mn (up 6.5% y-o-y due to Polbank integration and salary inflation in Russia) - Net provisioning for impairment losses of EUR 469 mn (up 17.3% y-o-y) - Negative one-off impact of EUR 20 mn in Q2 due to upfront booking of Hungarian bank levy for H2 2013 - Net income from financial investments of EUR 64 mn (minus EUR 189 mn, primarily due to sale of security portfolio in previous year) - Net income from derivatives and liabilities of minus EUR 187 mn (down EUR 167 mn, mainly affected by valuation of own liabilities and Hybrid Tier 1 buyback in H1 2012) - Profit before tax of EUR 467 mn (down 49.6% y-o-y) - Tax rate of 33% (up 12PP y-o-y) due to valuations and other items which are not fully tax deductible - Consolidated profit of EUR 277 mn (down 60.5% y-o-y) - Net interest margin of 3.06% (up 0.42PP y-o-y) - Core Tier 1 ratio of 10.4% (total risk); including H1 retained earnings 10.5% - Leverage ratio of 5.5% comfortably surpasses the 3.0% envisaged regulatory ratio Income Statement in EUR mn 1-6/2013 1-6/2012 4-6/2013 4-6/2012 Net interest income 1,836 1,762 972 886 Net provisioning for impairment losses (469) (400) (249) (247) Net interest income after provisioning 1,367 1,362 722 639 Net fee and commission income 785 721 411 375 Net trading income 140 167 60 85 General administrative expenses (1,617) (1,518) (829) (764) Net income from derivatives and liabilities (187) (20) (66) (55) Net income from financial investments 64 253 (23) (8) Profit before tax 467 927 216 243 Profit after tax 311 734 137 160 Consolidated profit 277 701 120 160 Balance Sheet in EUR mn 30/6/13 31/12/12 Equity 10,428 10,873 Total assets 130,306 136,116 NPL ratio 9.9% 9.8% NPL coverage ratio 67.3% 67.0% Bank Specific Information 30/6/13 31/12/12 Core tier 1 ratio (total risk) 10.4% 10.7% Tier 1 ratio (credit risk) 13.3% 13.6% Tier 1 ratio (total risk) 10.9% 11.2% Performance 1-6/2013 1-6/2012 Net interest margin 3.06% 2.64% Return on equity before tax 8.6% 17.3% Consolidated return on equity 5.4% 14.4% Cost/income ratio 60.2% 58.1% Earnings per share in EUR 0.91 3.09 Resources 30/6/13 31/12/12 Employees 58,831 60,084 Business outlets 3,056 3,106 Outlook In the context of the expected overall economic developments, particularly in CEE, we are aiming for a return on equity before tax of around 15 per cent in the medium term. This is excluding any capital increases, as well as unexpected regulatory requirements from today's perspective. In 2013, we aim to maintain loans and advances to customers at the level of the previous year. In the current year we expect a slight increase in the net interest margin. From the customer standpoint, we plan to retain our Corporate Customers division as the backbone of our business and in the medium term to expand the proportion of business volume accounted for by our Retail Customers division. In light of the economic prospects, the situation remains tense in several of our markets. In 2013, we therefore expect a similar net provisioning requirement as in the previous year. In 2013, we will once again pay increased attention to cost development. We expect a flat or slightly increasing cost base, particularly due to the first-time full year consolidation of Polbank. Against the backdrop of a permanently changing regulatory environment and further strengthening of our balance sheet structure we are continuously evaluating the level and structure of our regulatory capital to be able to act promptly and flexibly. Depending on market developments, a capital increase also continues to be a possible option. For further information please contact: Susanne 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 22.08.2013 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: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in Open Market ; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------