Ad hoc announcement Raiffeisen Bank International AG / Keyword(s): Final Results/Weiteres Schlagwort Raiffeisen Bank International: Full Year Result 2011 Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ - Net interest income increased to EUR 3,667 mn (up 2.5% y-o-y) - Operating income (goodwill impairment excluded) increased to EUR 5,475 mn (up 1.3% y-o-y) - General administrative expenses increased to EUR 3,120 mn (up 4.7% y-o-y) - Net provisioning for impairment losses dropped to EUR 1,064 mn (down 10.9% y-o-y) - Impairment of goodwill of EUR 187 mn mainly in Ukraine - Profit before tax up to EUR 1,373 mn (up 6.7% y-o-y), considerably influenced by valuation gains on own issues and macro hedges - Consolidated profit decreased to EUR 968 mn (down 11.0% y-o-y) - NPL ratio improved to 8.6% (down 0.3PP compared to FY 2010) - Coverage ratio improved to 68.4% (up 2.1PP compared to FY 2010) - Core tier 1 ratio (total risk) increased to 9.0% (up 0.2PP compared to FY 2010) Income Statement in EUR mn 1-12/2011 1-12/2010 10-12/2011 10-12/2010 Net interest income 3,667 3,578 943 871 Net provisioning for impairment losses (1,064) (1,194) (282) (281) Net interest income after provisioning 2,603 2,384 661 590 Net fee and commission income 1,490 1,491 365 403 Net trading income 363 328 70 70 General administrative expenses (3,120) (2,980) (834) (827) Profit before tax 1,373 1,287 342 290 Profit after tax 974 1,177 214 324 Consolidated profit 968 1,087 222 304 Balance Sheet in EUR mn 31/12/11 31/12/10 Equity 10,936 10,404 Total assets 146,985 131,173 Bank Specific Information 31/12/11 31/12/10 Core tier 1 ratio (total risk) 9.0% 8.9% Tier 1 ratio (credit risk) 12.2% 12.2% Tier 1 ratio (total risk) 9.9% 9.7% Own funds ratio 13.5% 13.3% Performance 1-12/2011 1-12/2010 Return on equity (ROE) before tax 13.7% 13.7% Consolidated return on equity 10.8% 13.0% Cost/income ratio 57.0% 55.1% Earnings per share in EUR 3.95 4.56 Resources 31/12/11 31/12/10 Number of staff 59,261 59,782 Business outlets 2,928 2,961 The outlook was adapted to the changed environment and is summarized as follows: - In the context of expected overall economic developments, particularly in CEE, we are aiming, with the inclusion of the acquisition of Polbank, for a return on equity before tax of around 15 per cent in the medium term. This is excluding future acquisitions, any capital increases, as well as unexpected regulatory requirements from today's perspective. - In 2012, we expect a stable business volume due to the economic environment and restrictive regulatory requirements. - 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. - Despite the cautious economic growth forecast, we expect to see a stabilization of the net provisioning ratio along with only a marginal increase in non-performing loan volumes. Due to current developments on the economic and political fronts, it is not possible to accurately predict when we will reach a turning point as far as non-performing loans are concerned. - In 2012, we expect higher bank levies than in the previous year. In Austria and CEE this will presumably result in a negative earnings effect of some EUR 160 mn (of which approximately EUR 100 mn in Austria, EUR 40 mn in Hungary and EUR 20 mn in Slovakia). - We plan to raise around EUR 4.6 bn in long-term wholesale funding (maturity of more than one year) for the RBI Group in 2012. In the capital markets we intend to raise EUR 2.1 bn in wholesale funding, of which around EUR 1.3 bn had already been placed as of mid-March. - We have implemented group-wide cost efficiency programs in order to achieve a flat cost development. 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 +43-1-71707-2089 http://www.rbinternational.com 29.03.2012 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; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------