Raiffeisen Bank International (RBI) investor relations material

Executive summary

• Consolidated profit excluding Russia rose 48% year-over-year to EUR 1,443 million for 2025, with ROE at 10.6%, driven by strong loan growth and lower provisions for FX loans in Poland.

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

• Management changes announced for 2026, including a new CEO and CFO.

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

• 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, down EUR 95 million year-over-year, with a provision ratio of 20 basis points.

• Group NPE ratio at all-time low of 1.7%; NPE coverage ratio at 44.2%.

Outlook and guidance

• 2026 guidance: main revenues expected to grow by mid-single digits, with loan growth around 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 set at 35 basis points, reflecting a prudent approach amid geopolitical uncertainties.

• Consolidated ROE expected around 10.5% for 2026; medium-term target for core group ROE is at least 13%.