DGAP-Adhoc

RBI revises Outlook

Raiffeisen Bank International AG / Key word(s): Change in Forecast

22.09.2014 22:47

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Vienna, 22 September 2014. Raiffeisen Bank International AG (RBI) has
revised its Outlook for the net provisioning requirement for the current
financial year to between EUR 1,500 and EUR 1,700 million, primarily due to
higher expected risk costs in Ukraine in light of ongoing political
tensions in the region. Previous guidance for RBI was for a net
provisioning requirement of between EUR 1,300 and EUR 1,400 million. As a
consequence, RBI will review the valuation of the remaining intangibles
related to Raiffeisen Bank Aval (brand and customer base). This may result
in an additional write-down of up to EUR 60 million, which would not,
however, have an impact on regulatory capital ratios.

In Hungary, following the submission of the Settlement Act to the Hungarian
parliament, RBI expects to incur total costs of up to EUR 240 million
related to foreign currency loans and unilateral rate changes on retail
loans. A EUR 67 million charge was already booked in the second quarter of
2014 in "other results" and it is anticipated that the remaining balance
will be booked in the second half of 2014.

As a consequence of the latest developments, a negative result for 2014 is
to be expected.

Aside from these extraordinary charges, underlying operating performance
remains stable. For 2015 RBI expects a consolidated profit in the mid
triple digit millions.

RBI aims for a return on equity before tax of approximately 14 per cent and
a consolidated return on equity of approximately 11 per cent in the medium
term (formerly 15 and 12 per cent, respectively).


For more information, please contact:

Susanne E. Langer
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
[e-mail]
phone [phone]
www.rbinternational.com


22.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Vienna
Austria
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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