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Eng
02 February 2016

Kiev. 3 Feb. — Raiffeisen Bank Aval attracts the attention of their customers to be bound by the observance of simple rules of use of payment card.

Vienna, 2 February 2016. Raiffeisen Bank International AG (RBI) announces a preliminary 2015 consolidated profit of EUR 383 million. This is above the guidance previously given, primarily due to lower than expected net provisioning for impairment losses of EUR 1,266 million, 28 percent below 2014. This development was spread across a number of markets. General administrative expenses were EUR 2,915 million, 4 per cent below the prior year. Transformation program costs in 2015 were approximately EUR 90 million, in line with guidance. FY 2015 guidance had also included goodwill impairment charges and risk costs amounting to EUR 124.1 million, which were reallocated to FY 2014 in the course of a restatement.

This restatement arose from a routine examination of RBI by the Austrian Financial Reporting Enforcement Panel under Section 2 (1) 2 of the Accounting Control Act. RBI expects to receive formal notification in the coming months confirming the result. The examination covered the consolidated 2014 financial statements and 2015 semi-annual report. The reallocation of the EUR 124.1 million led to a revision of the FY 2014 consolidated loss to EUR 616.8 million. Consequently, these charges are not reflected in the FY 2015 consolidated statements.

The EUR 124.1 million consists of two factors: a EUR 93.4 million goodwill impairment charge relating to Raiffeisen Polbank and EUR 34.1 million in net provisioning costs, resulting in additional deferred tax income of EUR 3.4 million.

The restatement has a negligible impact on regulatory capital ratios.

Based on preliminary data, total RWA were approximately EUR 63 billion as of 31 December 2015 and the reported CET1 ratio (fully loaded) was approximately 11.5 per cent.

The management board will recommend to the Annual General Meeting that no dividend is paid for the 2015 financial year.

income
 million bro
1-12/2015
papered
1-12/2014
preganat
1-12/2014
opella
Net interest income
3327
3789
3789
Net Commission income
1519
1586
1586
Net trading income
16
(30)
(30)
Net provisions for bad loans.
(1266)
(1750)*
(1716)
General and administrative
(2915)
(3024)
(3024)br>
Other results
(40)
(681)*
(593)
Net income from derivatives and liabilities’commitments
(4)br>88
88
Net income from financial instruments
68
62
62
impairment of goodwill
(7)
(399)*
(306)
Profit/loss from banking activities due to government measures  
(19)
(251)br>(251)
Profit/loss before tax
696
(105)*
23
Profit/loss after tax
434
(587)*
(463)
consolidated prybutok/sutki
383
(617)*
(493)
 
 
 
 
statement of financial condition
 billion Vra
31/12/2015
papered
31/12/2014
preganat
31/12/2014
opella
Loans to customers
~70
78
78
customer Deposits
~69
66
66
Total assets
~114
121*
122
Weighted risk-assets (saghalin)
~63
69
69
 
 
 
 

 
 
 
Main pokusniki
1-12/2015
papered
1-12/2014
preganat
1-12/2014
opella
Net interest margin
~3,0%
3,24%*
3,24%
NPL
~12,0%
11.3 percent.
11.3 percent br>
the Ratio of non-performing loans
~71.0 per cent.
67,5%*
67,4%
Base tier 1 capital (common)
~11,5%br>10,0%*
10,0%
Base tier 1 capital (peradi)
~12,2%
10,8%*
10,9%

*Data for 2014 revised

The information contained in this release is based on unaudited, preliminary figures. The final amounts will be determined in the coming weeks and will be published as announced with the 2015 financial report on 16 March 2016.

* * * * *

Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 15 markets of the region are covered by subsidiary banks. Additionally, the Group comprises numerous other financial service providers, for instance in the fields of leasing, asset management, as well as mergers and acquisitions.

In total, around 52,700 employees service 14.8 million customers through approximately 2,800 business outlets, the great majority of which are located in CEE.

RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB). RZB indirectly owns around 60.7 per cent of the shares, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the head office of the entire RZB Group, including RBI.

For further information please contact:

Ingrid Krenn-Ditz (+43-1-71 707-6055, [email protected]) or

Christof Danz (+43-1-71 707-1930, [email protected])

 http://www.rzb.at