Raiffeisen Bank International Ag · VIE:RBI
Raiffeisen Bank International — H1 2025 Earnings Presentation
59 slides from Raiffeisen Bank International's earnings presentation, Jul 30, 2025
Slide 1: Raiffeisen Bank International H1/2025 Results
Raiffeisen Bank International H1/2025 Results 30 July 2025 Raiffeisen Bank International | Member of RBI Group Confidential and proprietary Any use of this material without specific permission of Raiffeisen Bank International is strictly prohibited.
Slide 2: Disclaimer
Disclaimer Certain statements contained herein may be statements of future This presentation contains financial and non-financial information relating to investments falling within Article 19(5) of the Financial expectations and other forward-looking statements about Raiffeisen and statistical data
Slide 3: Business & Financial Update
01 Business & Financial Update 02 Risk Update 03 Appendix 30 July 2025
Slide 4: H1/2025 Executive Summary
H1/2025 Executive Summary RBI Consolidated profit Consolidated RoE CET1 ratio Group 1-6/2025 1-6/2025 30/06/2025, transitional, incl. results EUR 148 mn 8.0% 18.2% -89% y-o-y -7 pp y-o-y +1 pp ytd annualized (EUR 1.2 bn claim derecognition in H1/25 only) Adjusted Consolidated profit Consolidated RoE
Slide 5: H1/2025 Executive Summary
H1/2025 Executive Summary RBI Loans to customers Main revenues Opex and Cost/Income Ratio Group 30/06/2025 1-6/2025, in EUR mn 1-6/2025 2,972 EUR 102,202 mn 1,353 EUR 2,033 mn 43.7% +3% ytd +5% y-o-y +3% +8% y-o-y +0 pp Net interest Net fee & income commission income Adjusted Loans to customers Main
Slide 6: De-risking in Russia
De-risking in Russia Significant business reduction since 2022 Reduction of business continues further into 2025 1 Loan book reduction ahead of Loans to customers in RUB RWA 27.1 RUBEUR schedule: -9% terms ytd +23% in Russia in Q1/25 under IFRS 19.5 2 Deposits from customers Deposits from customers
Slide 7: Q2/2025 Main Revenue Trends
Q2/2025 Main Revenue Trends Net interest income in EUR mn NII stable across the markets. Headwinds from 1,511 1,504 1,468 1,428 1,410 1,430 rate cuts in EUR and CZK largely compensated Group by volume growth. Core 1,060 1,033 1,019 1,042 1,046 1,027 Negative effect of EUR 22 mn in Hungary due to Exc
Slide 8: Loans and Deposits to/from Customers in Q2/2025
Loans and Deposits to/from Customers in Q2/2025 Loans to customers Deposits from customers in EUR bn in EUR bn + 1% + 1% q-o-q q-o-q Group Group 125.3 101.9 100.1 99.6 101.0 102.2 120.3 117.7 120.0 121.4 Core Core Excluding 95.4 96.1 97.5 Excluding 108.8 108.2 109.3 110.8 Russia/ Belarus 95.3 94.9 R
Slide 9: High Liquidity Across the Group
High Liquidity Across the Group RBI Core Group excl. Russia - Liquidity ratios RBI head office: conservative liquidity profile LCR 182% 162% 159% 150% LCR at 174% (as of 24 July 2025) 148% NSFR Head office with sufficient liquidity to cover all 140% 140% 139% 138% 140% deposits and maturing funding
Slide 10: CET1 Ratio Development – Core Group
CET1 Ratio Development – Core Group - -24 bps q-o-q 15.9% 15.7% + + - - + -53 bps -3 bps +2 bps +24 bps +6 bps Credit risk Operational & OCI, Retained FX Core Group Market risk valuation & other earnings (of which -39 bps effects exposure increase) 31/03/2025 Assuming P/B zero deconsolidation scenar
Slide 11: P/B Zero Deconsolidation Scenario in Russia
P/B Zero Deconsolidation Scenario in Russia Capital stack under P/B Zero deconsolidation scenario 15.7% Expected around 15.2% at year-end 2025 2.89% T2 Assumptions: 2.70% With Russia deconsolidated EUR 5.5 bn IFRS equity partially at P/B Zero, AT1 and T2 CET1 offset by deduction 2.23% AT 1 2.02% buc
Slide 12: Core Group CET1 Outlook 2025
Core Group CET1 Outlook 2025 15.7% Core Group CET1 ratio expected around 15.2 per cent at year-end 2025 ~15.2% Expected CET1 drivers until year-end 2025: Any decision on dividends will be based on the capital position of the Group Retained + ~50 bps Net of expected 2025 excluding Russia earnings div
Slide 13: Capital Ratios and SREP
Capital Ratios and SREP RBI Group, transitional, pro-forma, as of 30/06/2025 Current regulatory 22.3% P2R 1.57% to be met with CET1 requirements 2.79% 19.9% 52 bps eligible for AT1 18.2% 16.74% 70 bps eligible for T2 Tier 2 14.04% 2.70% (incl. P2R) 12.02% AT 1 P2G To be solely covered by CET1 but 2.
Slide 14: MREL and Funding Plan
MREL and Funding Plan Austria resolution group MREL Including profit Funding plan 30/06/2025 48.48% Senior preferred issued in February 2025, one senior non-preferred expected Actual until year-end 2025 Requirement 13.66% Senior 36.00% preferred Total MREL requirement Other resolution groups (30/06/
Slide 15: Macro Outlook
Macro Outlook GDP growth driven by rising private consumption and an GDP (real, % yoy) 2023 2024 2025e 2026f increase of investments in most countries Czech Republic 0.2 1.1 1.6 2.0 Robust labor markets and solid wage growth Hungary -0.8 0.5 0.7 2.0 Poland 0.2 2.9 3.3 3.2 Some monetary easing in the
Slide 16: Inflation and Key Rates Forecast
Inflation and Key Rates Forecast Inflation & rates Inflation rate (CPI) In most CE/SEE countries, inflation has stabilized at elevated 4.1% (average, % y-o-y) CZ 2.5% 2.3% levels due to persistent wage growth and services inflation, 3.2% 2025f 2026f limiting the room for further rate cuts in 2025. I
Slide 17: 2025 Core Group Guidance (excl. Russia)
2025 Core Group Guidance (excl. Russia) Income Statement around EUR 4.15 bn around EUR 1.95 bn around EUR 3.45 bn around 52.5% around 35 bps Net interest Net fee and OPEX CIR Risk cost excluding income commission income potential use of overlays Profitability & Balance around 10% 6% to 7% around 15.
Slide 18: Risk Update
01 Business & Financial Update 02 Risk Update 03 Appendix 30 July 2025
Slide 19: Risk Overview
Risk Overview Risk cost NPE ratio/ coverage ratio Stock of risk overlays excluding Russia, Q2/2025 excluding Russia, 30/06/2025 30/06/2025 Provisioning ratio Risk cost1 729 765 23 bps EUR 62 mn 1.8% 48.3% 364 342 467 553 114 Russia +3 bps q-o-q -13 bps q-o-q +2.0 pp 97 GC&M, CE, 346 341 SEE 317 270
Slide 20: IFRS 9 Provisioning
IFRS 9 Provisioning Core Group – Q2/2025 excluding Russia EUR EUR Overall EUR 62 mn of IFRS 9 provisions in Q2 41 mn 62 mn Stage 1 & 2: mainly driven by portfolio EUR + development in head office and sovereign 34 mn exposure in Ukraine + Overlays: release of overlays mainly due to EUR - retail model
Slide 21: Q2/2025 RWA Development
Q2/2025 RWA Development Core Group excl. Russia 2.6 - 0.1 76.4 74.4 Market risk 4.0 -0.7 4.1 Operational 16.5 16.5 risk Credit risk 53.8 55.8 Credit risk Op risk Market risk FX RWA in EUR bn 31/03/2025 30/06/2025 CRR3 Transitional Credit RWAs driven mainly by exposure increase in retail (Czechia, Ro
Slide 22: Poland FX Mortgage Update
Poland FX Mortgage Update Number of FX loans in Poland Poland FX mortgage exposure and stock of provisions in thousand, 30/06/2025 CHF loans EUR loans 55.1 9.1 CHF loans Exposure EUR 1,445 mn Exposure EUR 374 mn 18.1 EUR loans 10.1 Stock of Stock of 9.0 provisions for litigation: provisions for liti
Slide 23: NPE Ratio and NPE Coverage
NPE Ratio and NPE Coverage 100.0% 58.8% 59.8% Central Europe 56.7% 57.5% 724 Asset quality development q-o-q CE -7.5% 1.2% 1.3% 1.2% 1.1% 0.0% 1.0% CE – improved NPE ratio mainly driven by Hungary 100.0% Southeastern 64.5% 66.2% 65.3% 65.7% 623 Europe 0.6% Ukraine – further decrease of NPEs SEE 1.9%
Slide 24: Appendix
01 Business & Financial Update 02 Risk Update 03 Appendix 30 July 2025
Slide 25: Geographic Footprint
Geographic Footprint Leading regional player with CEE presence of over 30 years Central Europe (CE) servicing approx. 18 million customers Southeastern Europe (SEE) Russia, #17 Covering Austria and 11 CEE markets, of which five are EU Ukraine ▪ Loans: EUR 4.7 bn members. Four countries have candidat
Slide 26: Raiffeisen Banking Group Structure
Raiffeisen Banking Group Structure Raiffeisen Banking Group (RBG) – largest banking group in Austria with total assets of EUR 405 bn as of 31/12/2024 Solid funding profile of RBG based on a domestic market share of around 34% of total customer deposits, not least due to superior brand recognition Th
Slide 27: Q2/2025 Income Statement and KPIs
Q2/2025 Income Statement and KPIs (in EUR mn) Q2/2025 % q-o-q % y-o-y Net interest income 1,468 -2% +4% Net interest margin Net fee and commission income 685 +3% +1% Q2/2025 Net trading income & fair value result 114 +106% +257% 3.00% Other operating components1 51 +24% -1% -7 bps q-o-q Operating in
Slide 28: Q2/2025 Income Statement and KPIs (Adjusted excl. Russia)
Adjusted excluding Q2/2025 Income Statement and KPIs Russia (in EUR mn) Q2/2025 % q-o-q % y-o-y Net interest income 1,027 -2% -1% Net interest margin Q2/2025 Net fee and commission income 502 +8% +9% Net trading income & fair value result 59 - +131% 2.27% Other operating components1 51 +19% -9% -4 b
Slide 29: Total Exposure
Total Exposure Total exposure by segments – Q2/2025 … by sector – Q2/2025 in EUR bn, % q-o-q in EUR bn Mortgages 29 Retail 21% GC&M -2.7% Consumer & Other Loans 22 244 bn 70 Sovereigns & supranationals 96.9 EUR Sov. & FI 39% Financial institutions 27 CE +3.0% Industrials 25 40% -0.8% q-o-q Materials
Slide 30: CET1 Ratio Development – RBI Group
CET1 Ratio Development – RBI Group - -57 bps q-o-q 18.8% 18.2% - + + + - -50 bps +15 bps 0 bps +1 bps -39 bps +12 bps Credit risk Other credit Operational & OCI, Retained FX Core Group risk Market risk valuation & other earnings effects 30/06/2025 31/03/2024 Transitional (including results) 30 July
Slide 31: Q2/2025 RWA Development – RBI Group
Q2/2025 RWA Development – RBI Group RBI Group including Russia 1.8 0.0 0.0 96.1 95.0 -0.7 Credit risk Operational risk Market risk FX RWA in EUR bn 31/03/2025 30/06/2025 30 July 2025 31
Slide 32: Q2/2025 Segments Overview
Q2/2025 Segments Overview Core revenues Loans to customers / NIM Provisioning ratio Profit/loss after tax Q2/25 q-o-q Q3/24 Q4/24 Q1/24 Q2/25 Q2/25 q-o-q Q2/25 q-o-q 564 37,660 37,836 38,309 39,527 CE Net Fees 171 40,000 +4% 5.00% -13 bps EUR 86 mn 30,000 +15 bps -34% NII 393 -6% 2.44% 2.57% 2.57% 2
Slide 33: Raiffeisen Capital Management
Raiffeisen Capital Management One of the leading asset managers in Central Europe, AUM 43% a 100% owned subsidiary of RBI celebrating 40 years ESG anniversary in 2025 since foundation 72% 28% Raiffeisen Capital Management is the leading asset management company in Austria. The aim is to EUR 64 bn Bu
Slide 34: Corporate Center/Reconciliation
Corporate Center/Reconciliation In EUR mn 1-6/2025 1-6/2024 y-o-y In EUR mn 1-6/2025 1-6/2024 y-o-y Operating income 1,244 1,039 19.7% Operating income (1,332) (1,085) 22.8% General admin. expenses (243) (236) 3.0% General admin. expenses 99 96 2.7% Operating result 1,001 803 24.6% Operating result
Slide 35: Equity Overview
Equity Overview Cumulative other Non- Subscribed Capital Retained comprehensive Consolidated controlling Additional Total In EUR mn capital reserves earnings income equity interests tier 1 Equity Equity as at 1/1/2025 1,002 4,990 16,213 (4,905) 17,299 1,260 1,781 20,340 Capital increases 0 0 0 0 0 (
Slide 36: Regulatory Capital Structure - Overview
Regulatory Capital Structure - Overview in EUR mn 30/6/2025 31/3/2025 31/12/2024 Common equity tier 1 (before deductions) 18,329 18,230 17,107 Deduction items (862) (805) (773) Common equity tier 1 (after deductions) 17,468 17,425 16,334 Additional tier 1 (after deductions) 1,680 1,679 1,844 Tier 1
Slide 37: Maturity Profile
Maturity Profile Maturity Profile at 30/6/2025 (in EUR mn) 3,445 12 31 2,275 2,170 148 308 1,618 3,403 1,660 68 1,507 1,189 12 857 2,021 1,967 1,000 4 1,650 1,550 604 1,177 522 852 372 507 500 604 299 22 6 10 73 6 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 >2035 Senior placements Subordi
Slide 38: AT1 and Subordinated Instruments
AT1 and Subordinated Instruments Regulatory Capital Initial Nominal Issuer ISIN Reset Coupon Issuance date First Call Date Call period Maturity Treatment 1 Recognition Coupon outstanding Raiffeisen Bank 5Y EUR ms Additional Tier 1 100% XS1756703275 6.089%2 EUR 500 mn 24 Jan 2018 15 Jun 2025 Semi-ann
Slide 39: The Institutional Protection Scheme (IPS)
The Institutional Protection Scheme (IPS) 1 RBI AG and its Austrian subsidiaries are members of the Raiffeisen IPS The IPS supports members if needed to ensure solvency and liquidity 2 IPS serves as capital cushion and source of liquidity to its members. Uniform and joint monitoring ensures the earl
Slide 40: Bank Levies
Bank Levies Impact in EUR mn FY 2024 1-6/2025 FY 2025e Austria Bank levy based on total assets (excluding derivatives), additional bank tax since 2025 23 37 ~77 In 2024 under HUF 20 billion it was 13% above 20 billion it was 30%, in 2025 under HUF 20 billion tax rate is Hungary 63 55 ~55 7%, above 1
Slide 41: NPE and NPL Distribution by Country
NPE and NPL Distribution by Country In EUR mn NPE Stock NPE Ratio NPE Ratio NPE Coverage Ratio NPE Coverage Ratio NPL Ratio NPL Ratio NPL Coverage Ratio NPL Coverage Ratio 30/6/2025 30/6/2025 31/12/2024 30/6/2025 31/12/2024 30/6/2025 31/12/2024 30/6/2025 31/12/2024 Czech Republic 269 0.8% 0.9% 53.4%
Slide 42: RBI Group
RBI Group In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 1,468 1,504 (2.4%) 1,511 1,430 1,410 2,972 2,839 4.7% 5,779 Net fee and commission income 685 668 2.6% 668 650 680 1,353 1,319 2.6% 2,638 Net trading income and fair value result 1
Slide 43: RBI Core Group – excl. Russia and Belarus
RBI Core Group – excl. Russia and Belarus In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 1,027 1,046 (1.8%) 1,042 1,019 1,033 2,073 2,094 (1.0%) 4,155 Net fee and commission income 502 466 7.6% 497 456 461 969 892 8.6% 1,845 Net trading
Slide 44: Country Financials (CE) – Czech Republic
Country Financials (CE) – Czech Republic In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 165 165 (0.3%) 169 151 150 330 301 9.6% 622 Net fee and commission income 52 47 10.0% 49 45 45 99 86 16.1% 179 Net trading income and fair value resu
Slide 45: Country Financials (CE) – Hungary
Country Financials (CE) – Hungary In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 92 118 (21.9%) 109 113 117 210 250 (16.0%) 472 Net fee and commission income 68 67 2.8% 66 58 56 135 108 24.5% 232 Net trading income and fair value result
Slide 46: Country Financials (CE) – Poland
Country Financials (CE) – Poland In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 4 7 (36.9%) 7 9 13 11 17 (33.2%) 33 Net fee and commission income 0 0 (61.3%) 0 0 0 0 0 (39.1%) 1 Net trading income and fair value result 0 0 (92.8%) 0 0 1
Slide 47: Country Financials (CE) – Slovakia
Country Financials (CE) – Slovakia In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 132 128 3.1% 126 121 116 260 232 12.0% 480 Net fee and commission income 50 51 (0.9%) 56 53 51 101 101 (0.4%) 210 Net trading income and fair value result
Slide 48: Country Financials (SEE) – Albania
Country Financials (SEE) – Albania In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 33 33 (0.5%) 33 33 33 65 64 1.1% 131 Net fee and commission income 8 7 28.3% 7 8 7 15 12 20.7% 27 Net trading income and fair value result 1 2 (25.9%) 1 1
Slide 49: Country Financials (SEE) – Bosnia & Herzegovina
Country Financials (SEE) – Bosnia & Herzegovina In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 21 22 (1.5%) 22 21 22 43 45 (3.0%) 88 Net fee and commission income 15 14 10.0% 17 14 15 29 29 0.4% 60 Net trading income and fair value resul
Slide 50: Country Financials (SEE) – Croatia
Country Financials (SEE) – Croatia In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 49 47 4.4% 47 48 47 96 91 4.7% 186 Net fee and commission income 19 19 2.4% 21 21 19 38 38 0.9% 79 Net trading income and fair value result 1 (4) – (1) 6 (
Slide 51: Country Financials (SEE) – Kosovo
Country Financials (SEE) – Kosovo In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 18 17 1.1% 17 18 18 35 36 (2.7%) 71 Net fee and commission income 6 3 70.3% 4 5 4 9 8 17.8% 17 Net trading income and fair value result 0 0 74.3% 0 0 0 0 0
Slide 52: Country Financials (SEE) – Romania
Country Financials (SEE) – Romania In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 159 159 0.0% 156 156 154 318 307 3.7% 619 Net fee and commission income 68 48 42.6% 59 52 49 116 90 28.8% 200 Net trading income and fair value result 4 3
Slide 53: Country Financials (SEE) – Serbia
Country Financials (SEE) – Serbia In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 66 67 (2.2%) 72 74 75 133 150 (11.0%) 295 Net fee and commission income 34 31 10.2% 33 31 31 64 59 8.6% 123 Net trading income and fair value result 4 3 35.
Slide 54: Country Financials (EE) – Ukraine
Country Financials (EE) – Ukraine In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 100 101 (1.0%) 96 95 97 202 200 1.0% 391 Net fee and commission income 23 15 58.8% 18 15 17 38 34 12.3% 67 Net trading income and fair value result (0) 5 –
Slide 55: Country Financials (EE) – Russia
Country Financials (EE) – Russia In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 441 457 (3.6%) 467 411 377 898 745 20.5% 1,623 Net fee and commission income 183 201 (9.1%) 172 193 220 385 428 (10.2%) 793 Net trading income and fair value
Slide 56: Group Corporates & Markets
Group Corporates & Markets In EUR mn Q2/2025 Q1/2025 q-o-q Q4/2024 Q3/2024 Q2/2024 1-6/2025 1-6/2024 y-o-y 1-12/2024 Net interest income 190 186 2.3% 207 201 219 377 452 (16.8%) 860 Net fee and commission income 147 148 (0.1%) 157 145 140 295 287 2.8% 589 Net trading income and fair value result 75
Slide 57: Sustainability Ratings
Sustainability Ratings The Leading Sustainable Financial Institution in Austria & CEE RBI has been committed to the UN Global Compact, since 2010 and signed up to the UNEP FI Principles for Responsible Banking In January 2021. Since then, a comprehensive portfolio impact analysis was performed, and
Slide 58: Shareholder Information Overview
Shareholder Information Overview General information Shareholder structure1 Listed since 25 April 2005 on the Vienna Stock Exchange Prime Market Indices: ATX, ATX Prime, MSCI Standard Index Europe, EURO STOXX Banks Regional Raiffeisen Free float banks 328,939,621 ordinary shares issued ISIN: AT00006
Slide 59: Financial Calendar
Financial Calendar 23 July 2025 Start of Quiet Period 30 July 2025 Semi-Annual Report, Conference Call Group Investor & Media 23 October 2025 Start of Quiet Period Relations 30 October 2025 Third Quarter Report, Conference Call 27 January 2026 Start of Quiet Period Raiffeisen Bank 30 January 2026 Pr
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