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

Thursday, 14. May 2020 07:33
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  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.
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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


Further inquiry note:
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

end of announcement                         euro adhoc
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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

EAX0009    2020-05-14/07:33

Related Links: Raiffeisen Bank International AG
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