Raiffeisen Bank International Ag · VIE:RBI
Raiffeisen Bank International — Q1 2025 Earnings Presentation
59 slides from Raiffeisen Bank International's earnings presentation, May 6, 2025
Slide 1: Raiffeisen Bank International Q1/2025 Results
Raiffeisen Bank International Q1/2025 Results 6 May 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 6 May 2025
Slide 4: Q1/2025 Executive Summary
Q1/2025 Executive Summary RBI Consolidated profit Consolidated RoE CET1 ratio Group 1-3/2025 1-3/2025 31/03/2025, transitional, incl. results EUR 705 mn 15.0% 18.8% - q-o-q - q-o-q +1.7 pp q-o-q Adjusted Consolidated profit Consolidated RoE CET1 ratio EUR 260 mn 7.3% 15.9% +104% q-o-q +4.2 pp q-o-q
Slide 5: Q1/2025 Executive Summary
Q1/2025 Executive Summary RBI Loans to customers Main revenues Opex and Cost/Income Ratio Group 31/03/2025 1-3/2025, in EUR mn 1-3/2025 1,504 EUR 100,979 mn 668 EUR 995 mn 43.3% +1% q-o-q -0% q-o-q -0% +5% q-o-q +1 pp Net interest Net fee & income commission income Adjusted Loans to customers Main r
Slide 6: De-risking in Russia
De-risking in Russia Significant business reduction since 2022 Reduction of business continues further into 2025 RUBEUR 27.1 1 Loan book reduction ahead of Loans to customers in RUB RWA +23% in Q1/2025 schedule: -4% terms q-o-q in Russia under IFRS 19.5 16.3 17.0 17.0 14.3 14.0 2 Deposits from custo
Slide 7: Q1/2025 Core Revenue Trends
Q1/2025 Core Revenue Trends Net interest income in EUR mn NII stable across most markets, interest rate 1,511 1,504 1,428 1,410 1,430 pressure mitigated by hedging and retail deposit Group inflows 1,060 1,033 1,019 1,042 1,046 Core Net interest margin excluding Russia stable Excluding Russia / Belar
Slide 8: Loans and Deposits to/from Customers in Q1/2025
Loans and Deposits to/from Customers in Q1/2025 Loans to customers Deposits from customers in EUR bn in EUR bn + 1% + 2% q-o-q q-o-q Group 101.9 100.1 101.0 Group 120.9 125.3 120.3 120.0 100.4 99.6 117.7 Core Core Excluding 95.3 94.9 95.4 96.1 Excluding 108.8 107.4 108.2 109.3 Russia/ Belarus 93.8 R
Slide 9: High Liquidity Across the Group
High Liquidity Across the Group RBI Group - Liquidity ratios RBI head office: conservative liquidity profile 210% LCR 192% 182% 179% 175% LCR at 168% (as of 28 April 2025) 147% 146% 145% 143% 143% NSFR Head office with sufficient liquidity to cover all deposits and maturing funding for over one Loan
Slide 10: CET1 Ratio Development
CET1 Ratio Development + +170 bps q-o-q + 18.8% 17.1% + + - - - -19 bps +117 bps -57 bps -5 bps +45 bps +89 bps Credit risk Other credit Operational & OCI, Retained FX Core Group risk Market risk valuation & other earnings effects CRR 3 effect of 83 bps in Q1/2025 31/03/2025 31/12/2024 FX largely dr
Slide 11: P/B Zero Deconsolidation Scenario in Russia
P/B Zero Deconsolidation Scenario in Russia Capital stack under P/B Zero deconsolidation scenario 15.9% Expected around 15.2% at year-end 2025 2.89% T2 Assumptions: 2.70% With Russia deconsolidated EUR 6.1 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 15.9% Core Group CET1 ratio expected around 15.2 per cent at ~15.2% year-end 2025 Expected CET1 drivers until year-end 2025: Any decision on dividends will be based on the capital position of the Group Retained + ~61 bps Net of expected 2025 excluding Russia earnings div
Slide 13: Capital Ratios and SREP
Capital Ratios and SREP RBI, transitional, pro forma as of 31/03/2025 Current regulatory 22.9% P2R 1.57% to be met with CET1 requirements 20.6% 2.79% 52 bps eligible for AT1 18.8% 16.70% 70 bps eligible for T2 Tier 2 14.00% 2.70% (incl. P2R) 11.98% AT 1 P2G To be solely covered by CET1 but 2.02% (in
Slide 14: MREL and Funding Plan
MREL and Funding Plan Austria resolution group MREL Including profit Funding plan 31/03/2025 47.78% Senior preferred issued in February 2025, at least one senior non-preferred Actual expected until year-end 2025 Requirement 13.40% Senior 36.02% preferred Total MREL requirement Other resolution group
Slide 15: Macro Outlook
Macro Outlook GDP growth in 2025 is expected to be driven by rising GDP (real, % yoy) 2023 2024 2025e 2025e 2026f private consumption and an increase of investments in Czech Republic 0.1 1.0 2.1 1.6 2.0 most countries. Hungary -0.8 0.6 2.5 1.8 3.2 Poland 0.1 2.9 3.5 3.5 3.4 Consumer demand is suppor
Slide 16: Inflation and Key Rates Forecast
Inflation and Key Rates Forecast Inflation & rates Inflation rate (CPI) In most CE/SEE countries, inflation expected to stabilise at CZ 2.5% 2.4% 3.9% (average, % y-o-y) elevated levels (vs. pre-pandemic) due to persistent wage 3.1% 2025f 2026f growth and services inflation. Inflation to decline gra
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% up to 50 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 15.2
Slide 18: Risk Update
01 Business & Financial Update 02 Risk Update 03 Appendix 6 May 2025
Slide 19: Risk Overview
Risk Overview Risk cost NPE ratio/ coverage ratio Stock of risk overlays excluding Russia, 1-3/2025 excluding Russia, 31/03/2025 31/03/2025 Provisioning ratio Risk cost1 729 765 20 bps EUR 46 mn 1.9% 46.3% 364 342 467 565 113 Russia -22 bps q-o-q -17 bps q-o-q -4.1 pp 97 GC&M, CE, 346 346 SEE 317 27
Slide 20: Industry Screening – Sectors Sensitive to U.S. Tariffs
Industry Screening – Sectors Sensitive to U.S. Tariffs Macro-economic risk analysis: Assumed 25% tariffs on all exports Early intervention rating review: from the EU to the U.S. Limited rating actions required in Q1: rating Sensitivity of export volumes to the U.S. based on industry and reviews cove
Slide 21: IFRS 9 Provisioning
IFRS 9 Provisioning Core Group – Q1/2025 excluding Russia EUR EUR EUR Overall EUR 46 mn of IFRS 9 provisions in Q1 71 mn 4 mn 46 mn Stage 1 & 2: mainly driven by Retail model + + update in Czech Republic and exposure development in head office Macro update: slight relief driven based on - February u
Slide 22: Q1/2025 RWA Development
Q1/2025 RWA Development Core Group excl. Russia CRR3 go-live 78.3 1.5 Market risk 3.7 2.1 0.3 74.4 -6.0 -1.7 -0.1 4.0 Operational 16.2 risk Credit risk 16.5 Core Group Credit risk 58.4 53.8 Credit risk Op risk Market risk FX RWA in EUR bn 31/12/2024 31/03/2025 CRR3 Update Credit RWAs decrease driven
Slide 23: Poland FX Mortgage Update
Poland FX Mortgage Update Number of FX loans in Poland Poland FX mortgage exposure and stock of provisions in thousand, 31/03/2025 55.1 CHF loans EUR loans CHF loans 8.9 EUR 1,500 mn EUR 383 mn Exposure Exposure 18.1 EUR loans 10.1 Stock of Stock of 9.1 provisions for litigation: provisions for liti
Slide 24: NPE Ratio and NPE Coverage
NPE Ratio and NPE Coverage 100.0% 58.6% 58.8% Central Europe 56.7% 57.5% 782 Asset quality development q-o-q CE -2.9% 1.2% 1.2% 1.3% 1.2% 0.0% 1.0% Ukraine – slight decrease of NPEs 100.0% Southeastern 67.2% 64.5% 66.2% 65.3% 619 EE – slightly improved NPE ratio as new NPE Europe -0.2% is offset by
Slide 25: Appendix
01 Business & Financial Update 02 Risk Update 03 Appendix 6 May 2025
Slide 26: 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 4.9 bn members. Four countries have candidat
Slide 27: 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 28: Q1/2025 Income Statement and KPIs
Q1/2025 Income Statement and KPIs (in EUR mn) Q1/2025 % q-o-q % y-o-y Net interest income 1,504 -0% +5% Net interest margin Net fee and commission income 668 -0% +4% Q1/2025 Net trading income & fair value result 56 +56% +377% 3.06% Other operating components1 41 - -31% -6 bps q-o-q Operating income
Slide 29: Q1/2025 Income Statement and KPIs (Adjusted excluding Russia)
Adjusted excluding Q1/2025 Income Statement and KPIs Russia (in EUR mn) Q1/2025 % q-o-q % y-o-y Net interest income 1,046 +0% -1% Net interest margin Q1/2025 Net fee and commission income 466 -6% +8% Net trading income & fair value result -27 - +211% 2.31% Other operating components1 43 - -32% -1 bp
Slide 30: Total Exposure
Total Exposure Total exposure by segments – Q1/2025 … by sector – Q1/2025 in EUR bn, % q-o-q in EUR bn Mortgages 28 Consumer & Other Loans 22 Retail 20% GC&M +1.1% 246 bn 71 Sovereigns & supranationals 99.6 EUR Financial institutions 29 Sov. & FI 41% Industrials 25 +2.1% q-o-q Materials 8 Corporate
Slide 31: Q1/2025 RWA Development – RBI Group
Q1/2025 RWA Development – RBI Group RBI Group including Russia CRR3 go-live 1.1 95.6 3.1 95.0 2.1 -0.4 -6.5 Credit risk Operational Market FX RWA in EUR bn risk risk 31/12/2024 31/03/2025 6 May 2025 31
Slide 32: Q1/2025 Segments Overview
Q1/2025 Segments Overview Core revenues Loans to customers / NIM Provisioning ratio Profit/loss after tax Q1/25 q-o-q Q2/24 Q3/24 Q4/24 Q1/25 Q1/25 q-o-q Q1/25 q-o-q 583 37,555 37,660 37,836 38,309 CE Net Fees 165 -4% 5.00% -27 bps EUR 131 mn 30,000 2.44% 2.57% -58 bps +66% NII 418 +2% 2.47% 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 1-3/2025 1-3/2024 y-o-y In EUR mn 1-3/2025 1-3/2024 y-o-y Operating income 947 462 105.2% Operating income (991) (488) 103.0% General admin. expenses (118) (116) 1.5% General admin. expenses 48 40 21.1% Operating result 829 345 140.1% Operating result (943)
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 0
Slide 36: Regulatory Capital Structure - Overview
Regulatory Capital Structure - Overview in EUR mn 31/3/2025 31/12/2024 30/9/2024 Common equity tier 1 (before deductions) 18,230 17,107 17,502 Deduction items (805) (773) (848) Common equity tier 1 (after deductions) 17,425 16,334 16,654 Additional tier 1 (after deductions) 1,679 1,844 1,689 Tier 1
Slide 37: Maturity Profile
Maturity Profile Maturity Profile at 31/3/2025 (in EUR mn) 3,575 12 2,270 2,179 153 318 0 1,834 1,628 3,533 71 1,507 1,439 15 2,026 883 1,952 1,000 12 1,824 1,557 1,424 554 522 871 507 500 554 54 22 6 10 6 0 0 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 >2035 Senior placements Subordinate
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 4.500% EUR 500 mn 24 Jan 2018 15 Jun 2025 Semi-annu
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 1-3/2025 FY 2025e Austria Bank levy based on total assets (excluding derivatives), additional bank tax since 2025 ("Sonderbankensteuer") 23 19 ~74 Hungary In 2024 under HUF 20 billion it was 13% above 20 billion it was 30%, in 2025 under HUF 20 billion tax rate i
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 31/3/2025 31/3/2025 31/12/2024 31/3/2025 31/12/2024 31/3/2025 31/12/2024 31/3/2025 31/12/2024 Czech Republic 273 0.9% 0.9% 51.9%
Slide 42: RBI Group
RBI Group In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 1,504 1,511 (0.4%) 1,430 1,410 1,428 1,504 1,428 5.3% 5,779 Net fee and commission income 668 668 (0.0%) 650 680 639 668 639 4.4% 2,638 Net trading income and fair value result 56
Slide 43: RBI Core Group – excl. Russia and Belarus
RBI Core Group – excl. Russia and Belarus In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 1,046 1,042 0.4% 1,019 1,033 1,060 1,046 1,060 (1.3%) 4,155 Net fee and commission income 466 497 (6.1%) 456 461 431 466 431 8.3% 1,845 Net trading
Slide 44: Country Financials (CE) – Czech Republic
Country Financials (CE) – Czech Republic In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 165 169 (2.3%) 151 150 151 165 151 9.3% 622 Net fee and commission income 47 49 (3.7%) 45 45 41 47 41 15.6% 179 Net trading income and fair value res
Slide 45: Country Financials (CE) – Hungary
Country Financials (CE) – Hungary In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 118 109 8.5% 113 117 133 118 133 (11.1%) 472 Net fee and commission income 67 66 0.3% 58 56 52 67 52 27.0% 232 Net trading income and fair value result (14)
Slide 46: Country Financials (CE) – Poland
Country Financials (CE) – Poland In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 7 7 (5.8%) 9 13 4 7 4 72.0% 33 Net fee and commission income 0 0 14.3% 0 0 0 0 0 (7.1%) 1 Net trading income and fair value result 0 0 11.9% 0 1 (0) 0 (0) –
Slide 47: Country Financials (CE) – Slovakia
Country Financials (CE) – Slovakia In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 128 126 1.2% 121 116 116 128 116 10.7% 480 Net fee and commission income 51 56 (9.5%) 53 51 50 51 50 0.7% 210 Net trading income and fair value result 4 4
Slide 48: Country Financials (SEE) – Albania
Country Financials (SEE) – Albania In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 33 33 (2.4%) 33 33 31 33 31 4.0% 131 Net fee and commission income 7 7 (1.1%) 8 7 6 7 6 19.8% 27 Net trading income and fair value result 2 1 20.7% 1 1 1 2
Slide 49: Country Financials (SEE) – Bosnia & Herzegovina
Country Financials (SEE) – Bosnia & Herzegovina In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 22 22 (2.5%) 21 22 22 22 22 (2.2%) 88 Net fee and commission income 14 17 (19.0%) 14 15 13 14 13 1.4% 60 Net trading income and fair value res
Slide 50: Country Financials (SEE) – Croatia
Country Financials (SEE) – Croatia In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 47 47 (1.2%) 48 47 44 47 44 6.0% 186 Net fee and commission income 19 21 (9.9%) 21 19 19 19 19 1.7% 79 Net trading income and fair value result (4) (1) 494
Slide 51: Country Financials (SEE) – Kosovo
Country Financials (SEE) – Kosovo In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 17 17 0.5% 18 18 18 17 18 (4.5%) 71 Net fee and commission income 3 4 (23.4%) 5 4 3 3 3 1.2% 17 Net trading income and fair value result 0 0 (90.5%) 0 0 (0)
Slide 52: Country Financials (SEE) – Romania
Country Financials (SEE) – Romania In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 159 156 1.9% 156 154 153 159 153 4.0% 619 Net fee and commission income 48 59 (18.4%) 52 49 41 48 41 15.3% 200 Net trading income and fair value result 3 2
Slide 53: Country Financials (SEE) – Serbia
Country Financials (SEE) – Serbia In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 67 72 (5.8%) 74 75 74 67 74 (9.4%) 295 Net fee and commission income 31 33 (5.8%) 31 31 29 31 29 6.4% 123 Net trading income and fair value result 3 3 0.5%
Slide 54: Country Financials (EE) – Ukraine
Country Financials (EE) – Ukraine In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 101 96 5.9% 95 97 103 101 103 (1.0%) 391 Net fee and commission income 15 18 (18.5%) 15 17 17 15 17 (13.6%) 67 Net trading income and fair value result 5 7
Slide 55: Country Financials (EE) – Russia
Country Financials (EE) – Russia In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 457 467 (2.1%) 411 377 368 457 368 24.2% 1,623 Net fee and commission income 201 172 17.3% 193 220 208 201 208 (3.3%) 793 Net trading income and fair value r
Slide 56: Group Corporates & Markets
Group Corporates & Markets In EUR mn Q1/2025 Q4/2024 q-o-q Q3/2024 Q2/2024 Q1/2024 1-3/2025 1-3/2024 y-o-y 1-12/2024 Net interest income 186 207 (10.1%) 201 219 233 186 233 (20.2%) 860 Net fee and commission income 148 157 (5.7%) 145 140 147 148 147 0.3% 589 Net trading income and fair value result
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 Group Investor Relations Raiffeisen Bank International AG 23 July 2025 Start of Quiet Period 30 July 2025 Semi-Annual Report, Conference Call Am Stadtpark 9 1030 Vienna 23 October 2025 Start of Quiet Period Austria 30 October 2025 Third Quarter Report, Conference Call +43 1 71 707
Raiffeisen Bank International — Q1 2025 Earnings Presentation on 6ix