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Analyst Consensus

Information for Q1 2016 on the Valuation Result of Liabilities measured at fair value from movements in Credit Spreads
RBI's results are impacted by changes in credit spreads of own liabilities measured at fair value, especially long-term structured notes, senior and subordinated liabilities. The impact of the credit spread movement of own liabilities measured at fair value is reflected in the income statement as income from derivatives and liabilities under item “Other Results” and amounted to minus EUR 2 million pre-tax in the first quarter 2016. This valuation result has no effect on regulatory capital or respective capital ratios.

Other one-off or unusual Effects in Q1 2016
The sale of the card acquiring business (POS terminals) in the Czech Republic resulted in a pre-tax gain of EUR 8 million (EUR 6 million after taxes). This was booked under “Recurring other net operating income”.

Additional information
The bank levy in Hungary for 2016 in the amount of EUR 19 million was fully booked in the first quarter under “Other Results”.

Furthermore, in the first quarter 2016 RBI Group contributions for the resolution funds in the amount of EUR 46 million pre-tax (Austria EUR 25 million, Slovakia EUR 8 million, Czech Republic EUR 7 million, Romania EUR 3 million, Croatia EUR 2 million, Hungary EUR 1 million) were already booked under “General Administrative Expenses”.

Q1 2016 - RBI Bank levies and resolution fund

 

Raiffeisen Bank International Consensus 2016e

Consensus in Euro Million

Mean (Average)

Max

Min

Net Interest Income

3,071

3,505

2,712

Provisioning For Impairment Losses

1,089

1,449

739

Net Commission Income

1,486

1,719

1,359

Trading Income

97

208

-192

General Admin Expenses

2,799

3,424

2,384

Profit before Tax

450

856

-14

Profit after Tax

298

675

-248

Consolidated Profit

219

516

-323

 

The consensus estimates of earnings are based on earnings forecasts made by securities analysts who follow the development of Raiffeisen Bank International. The views expressed and forecasts, estimates, and predictions made by those analysts regarding performance (and hence the figures of the consensus estimates) solely reflect the opinions of those analysts, and not the opinions, forecasts, estimates, or predictions of Raiffeisen Bank International or its management. The fact that Raiffeisen Bank International makes these figures available does not mean that the company endorses or agrees with this information, conclusions, or recommendations. Raiffeisen Bank International assumes no liability for the accuracy of these estimates or obligation to update or revise them. 

 Last update: 25 April 2016

Susanne Langer

Head of Group Investor Relations
Spokesperson
Am Stadtpark 9
1030 Vienna, Austria
Tel: +43-1-71 707-2089
Fax: +43-1-71 707-2138
ir@rbinternational.com
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