Raiffeisen Bank International (RBI) investor relations material

Executive summary

• Consolidated profit excluding Russia reached EUR 1,443 million for 2025, up 48% year-over-year, with ROE at 10.6% and strong loan growth; consolidated profit for the group was EUR 1,371 million.

• Dividend proposal of EUR 1.60 per share for 2025, subject to approval.

• Management changes announced: Michael Höllerer to become CEO from July 1, 2026; Kamila Makhmudova appointed CFO.

• Business reduction in Russia remains on track, with all restrictions to continue in 2026.

Financial highlights

• Net interest income for 2025 was EUR 5,874 million, up 2% year-over-year; net fee and commission income was EUR 2,731 million, up 4%.

• Loans to customers grew 6% year-to-date to EUR 105.6 billion; deposits from customers increased 2% quarter-over-quarter to EUR 127.6 billion.

• Cost/income ratio rose to 44.8% for the group, 53.1% for the core group excluding Russia.

• Risk cost for 2025 was EUR 192 million (20 bps), down year-over-year; NPE ratio at all-time low of 1.7%.

• CET1 ratio at year-end 2025 was 17.9% (transitional); 15.5% for the core group excluding Russia.

Outlook and guidance

• 2026 guidance: main revenues expected to grow by 4%-5%, loan growth targeted at 7%, and CET1 ratio above 15%.

• Net interest income projected at around EUR 4.4 billion, net fee and commission income at around EUR 2.1 billion, OPEX around EUR 3.6 billion, cost/income ratio at 52.5%.

• Risk cost guidance for 2026 at 35 bps, reflecting prudency amid geopolitical uncertainties.

• ROE expected to remain stable at 10.5% excluding Russia; core group (excluding Russia and Poland) expected to approach 13%.