Annual Report Raiffeisen Bank

In 2015, RBI significantly strengthened its capital base, with the fully loaded CET1 ratio standing at
11.5 per cent at year-end, and also achieved a consolidated profit of EUR 379 million. The primary
reason for the result being so positive was lower net provisioning for impairment losses.
Furthermore, general administrative expenses were reduced by 4 per cent compared to 2014, in line
with RBIs cost cutting initiative.
As substantiated by the financial results for 2015, Raiffeisen Bank S.A. once again reaffirmed the
validity of its strategy, equally focused on business development and prudent risk management.
Raiffeisen Bank continues to be among the most profitable banks on the local market.
In spite of the challenging trading environment, managed to show slight growth in net trading
income versus 2014, mainly from foreign exchange deals, which continue to generate strong
returns. It remains an integral part of how the bank support her clients, be they individuals,
investors or traders and it help them reach their goals. Investment income however suffered in 2015
as a direct result of low and only mildly decreasing yields.
Compared to the same period of the previous year, total loans increased by 13%. It is worth
mentioning however that this achievement came also in the context of a transaction with an RBI
group company, consisting in the takeover of an approx. EUR 240 million loan portfolio. This
leaves 5% organic growth, with all customer segments delivering some degree of loan book
increase.
Net profit reached RON 426 million, a 17% decrease versus previous year, negatively affected
primarily by the non-recurring events with impact in operating expenses.
At the end of 2015, Raiffeisen Bank had 5,349 FTE active employees, compared to 5,158 in 2014.
In addition, in 2015, the bank ceased using leasing staff and hired the existing employees (251 FTEs
in 2014) directly. The average age of the banks employees was 37 years.