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05.02.2021 – 07:35

Raiffeisen Bank International AG

EANS-News: RBI reports consolidated profit of EUR 804 mn despite impact of COVID-19

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  Corporate news 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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Preliminary results 2020

Financial Figures/Balance Sheet

Vienna -

* Core revenues impacted by rate cuts, lockdown measures, and weaker currencies
  in most CEE countries
* General administrative expenses down 5% year-on-year
* Loans to customers slightly down in EUR terms, mainly due to currency effect
* Provisioning ratio of 0.68%, 42 bps higher year-on-year mainly from Stage 2
  provisioning
* Slight improvement in NPE ratio and NPE coverage ratio to 1.9% and 61.5%
  respectively
* CET1 ratio at 13.6%, including deduction of the originally communicated
  dividend proposal for 2019 (42 bps) and the proposed dividend for 2020 (20
  bps)
* Proposed dividend of EUR 0.48 per share for 2020, in line with the ECB's
  recommendation on dividend payments



Income           1-12/2020                 Change      Q4/2020
Statement in    preliminary   1-12/2019              preliminary     Q3/2020
EUR million
Net interest       3,241        3,412      (5.0)%        765           770
income
Current income
from
investments in      41           171      (76.3)%        (3)            22
subsidiaries
and associates
Net fee and
commission         1,738        1,797      (3.3)%        466           433
income
Net trading
income and          94          (17)         -           (2)            33
fair value
result
Other net
operating           60           78       (23.6)%         9             8
income
Operating          5,195        5,475      (5.1)%       1,232         1,273
income
General
administrative    (2,949)      (3,093)     (4.7)%       (785)         (690)
expenses
Operating          2,246        2,382      (5.7)%        447           584
result
Other result       (205)        (219)      (6.5)%         6            (38)
Levies and
special            (179)        (162)       9.9%         (6)           (7)
governmental
measures
Impairment
losses on          (630)        (234)      169.1%       (133)         (185)
financial
assets
Profit before      1,233        1,767     (30.2)%        314           354
tax
Profit after        910         1,365     (33.3)%        230           259
tax
Consolidated        804         1,227     (34.5)%        205           230
profit





Balance Sheet           31/12/2020        31/12/2019            Change
in EUR million          preliminary
Loans to customers        90,671            91,204              (0.6)%
Deposits from             102,112           96,214               6.1%
customers
Total assets              165,959          152,200               9.0%
Risk-weighted assets      78,864            77,966               1.2%
RWA (total RWA)



Key ratios             31/12/2020        31/12/2019            Change
                       preliminary
NPE ratio                 1.9%              2.1%               (0.2)PP
NPE coverage ratio        61.5%            61.0%                0.5PP
CET1 ratio                13.6%            13.9%               (0.3)PP
Total capital ratio       18.3%            17.9%                0.5PP




Key ratios     1-12/2020    1-12/2019    Change      Q4/2020       Q3/2020
              preliminary                          preliminary
Net interest
margin
(average         2.15%        2.44%     (0.29)PP      1.97%         2.00%
interest-
bearing
assets)
Cost/income      56.8%        56.5%      0.3PP        63.7%         54.2%
ratio
Provisioning
ratio (avg.      0.68%        0.26%      0.42PP       0.58%         0.79%
loans to
customers)
Consolidated
return on        6.4%         11.0%     (4.5)PP       6.6%           7.5%
equity
Earnings/        2.22         3.54      (37.4)%       0.55           0.64
share in EUR
Dividend
proposal/        0.48           -          -            -             -
share in EUR


In consideration of the ECB's recommendation on dividend payments RBI's
Management Board has decided to propose a dividend distribution of EUR 0.48 per
share to the Annual General Meeting (scheduled for 22 April 2021). The
Management Board may consider an additional dividend distribution once the ECB's
recommendation on dividend payments has been lifted.

The data contained in this release is based on unaudited figures. On 17 March
2021, RBI will publish its full 2020 Annual Report including further details on
the business year and the outlook.



Further inquiry note:
John P. Carlson, CFA
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

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