RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG

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1 RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG Company Presentation August 2016

2 Disclaimer Exclusion of liability: This presentation is a marketing information of Raiffeisenlandesbank Niederösterreich-Wien AG ( RLB NÖ-Wien ). The presentation is made solely for information purposes and does not constitute an offer, an invitation to make an offer or an investment advice for the purchase or sale of any securities of RLB NÖ-Wien. Furthermore this presentation does not constitute any investment, legal or tax advice. This presentation is not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, into or in the United States, Australia, Canada or Japan or any other jurisdiction in which such release, distribution or publication would be unlawful. Statements and views made in this presentation represent the opinion of RLB NÖ-Wien which can be changed at any time without prior notice. This document is aimed at experienced and professional investors. Statements and views made in this presentation represent the opinion of RLB NÖ-Wien which can be changed at any time without prior notice. This presentation was drafted as of 28 June 2016 on the basis of information known at that time to RLB NÖ-Wien. The information contained herein has partly been based on other sources that RLB NÖ-Wien believes as reliable. RLB NÖ-Wien however accepts no liability or responsibility with respect to the information from such other sources. Furthermore information contained in this presentation may change or turn out to be incorrect in the future. RLB NÖ-Wien therefore accepts no liability or responsibility for the accuracy, the completeness or the being up-to-date of the information in this presentation. Furthermore, rounding differences may arise in tables and graphs. Although this presentation was carefully edited, the possibility of printing errors cannot be excluded. Prospectuses: Complete and extensive details on RLB NÖ-Wien as well as on its Debt Issuance Programmes should be taken from the Austrian base prospectus dated 20 May 2016 or the Debt Issuance Programme Prospectus dated 20 May 2016 (including supplements). These documents are available at the premises of RLB NÖ-Wien, at Friedrich-Wilhelm-Raiffeisen-Platz 1, 1020 Vienna, and may be obtained there at its usual business hours. The prospectuses are furthermore published on the website of RLB NÖ-Wien ( 2

3 Austria: Banking Sector Total Assets * [EUR bn/fy2015] Total Net Profit * after tax [EUR mn/fy2015] Rating [Moody's LTR] Raiffeisen Banking Group 1) ) Erste Bank Group 2) ,275 Baa2 Unicredit Bank Austria Group ,232 Baa2 RZB Group (RZB+Raiffeisen Bank International) Baa2 (RZB) & Baa2 (RBI) RLB Oberösterreich Baa2 Bawag/PSK Group A3 RLB Niederösterreich-Wien Group Baa2 Oberbank not rated RLB Steiermark Group Baa2 1) Legally not consolidated (FY15) 2) incl. Independent Savings Banks * IFRS Source: Annual Reports 3

Fact Sheet Economic Data for Austria Population 8,699,730 Area 83,879 km 2 GDP nominal, 2015 337 billion EUR GDP per capita (PPP) (EU Ranking 2015) 36,368 EUR (4.

4 Fact Sheet Economic Data for Austria Population 8,699,730 Area 83,879 km 2 GDP nominal, billion EUR GDP per capita (PPP) (EU Ranking 2015) 36,368 EUR (4.) Source: EU-Commission/WKO (March 2016) (f) 2016 (f) 2017 (f) Economic Growth (%) economy is gathering speed in the course of 2016 Inflation (%) inflation on the rise Unemployment Rate (%) still one of the lowest rates in the Eurozone Budget balance (% of GDP) budget consolidation process ongoing Gross debt (% of GDP) increase in 2014 due to rescue of Hypo Alpe Adria Source and forecasts (f): EU-Commission (February 2016) 4

Raiffeisen in Austria: History and Principles Foundation The Raiffeisen organisation was founded by Friedrich Wilhelm Raiffeisen (1818-1888), one of the most important social reformers in the 19th

5 Raiffeisen in Austria: History and Principles Foundation The Raiffeisen organisation was founded by Friedrich Wilhelm Raiffeisen ( ), one of the most important social reformers in the 19th century. Idea The original idea was to provide basic banking services to the rural population based on the cooperative principle. History Only ten years after the foundation of the first Raiffeisenkasse in Austria (1886), 600 banks were operating in the Raiffeisen system. Those local cooperatives formed Raiffeisen regional banks, such as Raiffeisenlandesbank Niederösterreich- Wien (1898). On a national level, Raiffeisen Zentralbank Österreich AG, was founded in 1927 as the central institution of the banking group. Principles Cooperation within the Raiffeisen Group has been based upon the principles of solidarity, subsidiarity and regionalism ever since. 5

6 Raiffeisen in Austria: Important group with valuable brand Important economic factor The Raiffeisen Group is Austria s largest private sector employer, with about 1,500 independent cooperatives (Raiffeisen banks, warehouses, markets, food producing companies, other cooperatives) and approx. 58,500 employees. Raiffeisen was the most trustworthy brand in Austria in 2015 Raiffeisen was the most valuable brand in the Austrian financial service sector in 2015 Valuable brand Raiffeisen is one of the most valuable brands in Austria with a brand value of about EUR 3 billion. At the same time, Raiffeisen is the number 1 brand among Austrian financial institutions. Raiffeisen in Austria 2015 Customers ~ 4 million Members ~ 2.1 million Employees ~ 58,500 Independent cooperatives ~ 1,500 Source: Raiffeisenverband Österreich 6

Raiffeisen in Austria: Key Facts of the Banking Group Austria s largest banking group Represents more than a quarter of the Austrian banking system Nationwide branch network of 477 independent

7 Raiffeisen in Austria: Key Facts of the Banking Group Austria s largest banking group Represents more than a quarter of the Austrian banking system Nationwide branch network of 477 independent Raiffeisen banks with 1,587 branches and offices About 1.7 million members; about 29,000 employees in Austria Raiffeisen Deposit insurance schemes in addition to the mandatory bank deposit insurance 7

8 Raiffeisen in Austria: Structure of the Banking Group 1.7 Million Cooperative Members 477 Independent Raiffeisen Banks with ~ 1,600 branches 8 Raiffeisen Regional Banks (= Raiffeisenlandesbanken) 1) Raiffeisen Zentralbank Österreich Raiffeisen Bank International 1) RLB NÖ-Wien is with a participation of 34.7% the largest shareholder of RZB-Group 8

Raiffeisen Deposit Insurance Austrian Raiffeisen Deposit Insurance Mandatory bank deposit insurance and investor compensation according to Austrian Banking Act (BWG) (maximum EUR 100,000)

mechanisms for troubled member banks Raiffeisen Deposit Guarantee Association Legally binding form Two levels Retained earnings of all member Raiffeisen banks are used (according to the individual

9 Raiffeisen Deposit Insurance Austrian Raiffeisen Deposit Insurance Mandatory bank deposit insurance and investor compensation according to Austrian Banking Act (BWG) (maximum EUR 100,000) Raiffeisen Banking Group s Solidarity Association Voluntary support for any member Raiffeisen bank that experiences economic difficulties Solidarity co-operatives at the provincial level Support mechanisms for troubled member banks Raiffeisen Deposit Guarantee Association Legally binding form Two levels Retained earnings of all member Raiffeisen banks are used (according to the individual economic capability) About 95 per cent of all deposits at Raiffeisen banks are insured by the Raiffeisen Kundengarantie-Gemeinschaft Österreich, including: customer deposits, bonds, promissory note loans 9

10 Raiffeisen Institutional Protection Schemes (IPS) Raiffeisen Bundes-IPS (Federal IPS in Austria) RZB Raiffeisenlandesbanken Raiffeisen Holding NÖ-Wien Raiffeisen Bausparkasse Raiffeisen Wohnbaubank Zveza Bank Raiffeisen Landes-IPS Niederösterreich-Wien (Regional IPS in Lower Austria) RLB NÖ-Wien AG Raiffeisen banks in Lower Austria Raiffeisen Holding NÖ-Wien Institutional Protection Schemes according to Article 113 par. 7 and Article 49 par. 3 Capital Requirements Regulation (CRR) Main Requirements according to CRR: contractual liability arrangement which ensures liquidity and solvency of the participating institutions systems for monitoring and classification of risk own risk review annualy published consolidated report (balance sheet, P&L report, situation report, risk report) elimination of multiple use of elements eligible for own funds predominately homogeneous business profile Essential advantages of IPS for the participating institutions: holdings in own funds instruments of all institutions in the IPS have not to be deducted 0 per cent risk weight for exposures to participants of IPS derivate contracts between IPS members must not be cleared over a CCP * IPS according to Article 113 par. 7 and Article 49 par. 3 Capital Requirements Regulation (CRR) 10

11 Raiffeisenlandesbank NÖ-Wien at a glance Key Highlights Raiffeisenlandesbank NÖ-Wien is one of the largest banks in Austria and a leading member institution of the Raiffeisen sector. It is the central institution of the Raiffeisen Banking Group in the provinces of Lower Austria and Vienna (regional market share approx. 42 per cent) and one of the five banks in Austria under ECB supervision. It is the largest owner of RZB Group (34.7 %). As a universal bank it focuses on retail business and privat banking, SME customers and corporates, municipal sector. Very diversified liquidity profile with ample funding sources. It is the third largest Austrian issuer of covered bonds. RLB NÖ-Wien Moody's Rating Long-term Senior Unsecured Debt Rating Baa2 Outlook stable Adjusted Baseline Credit Assessment ba1 Subordinated Debt Ba2 Last Rating Action 27/06/

12 RLB NÖ-Wien: Key Financials FY 2015/2014 RLB NÖ-Wien Balance Sheet Loans to customers Deposits from customers Savings deposits Bond issues Total own funds EUR million RLB NÖ-Wien Ratios* Core Tier 1 ratio 13.8% 12.2% Total own funds ratio 20.3% 19.7% RLB NÖ-Wien with total assets of EUR 27.7 billion (31/12/2015) is one of the largest banks in Austria. Consolidated profit amounted to EUR 65.4 million (31/12/2015). * As RLB NÖ-Wien is part of the Raiffeisen-Holding NÖ-Wien credit institution group, the amounts regarding own funds were determined for the credit institution group in accordance with the requirements of the Capital Requirements Regulation (CRR) and the Austrian Banking Act (transitional). Total Capital Note: figures as of 2014 show RH NÖ-Wien credit institution group (according to CRR; not comparable to the previous years) Consolidated net profit/loss EUR million 14.1% 14.9% 21.4% 10.1% 10.3% 11.6% 12.2% 19.7% 20.3% 13.8% Core Tier 1 ratio Total Capital ratio IFRS UGB

RLB NÖ-Wien: Our core markets Lower Austria and Vienna 3.5 million inhabitants of the core region represent 40 per cent of the Austrian total population.

13 RLB NÖ-Wien: Our core markets Lower Austria and Vienna 3.5 million inhabitants of the core region represent 40 per cent of the Austrian total population. Vienna has the second largest number of German speakers worldwide and is the seventh largest city by population in the European Union. In the International Mercer-Study about quality of life Vienna has achieved the first rank eight times in a row and reached the highest score worldwide in UN s Prosperity of Cities Index The region is a hub and starting point for the Eastern Europe operations of numerous companies. 13

14 RLB NÖ-Wien: Market presence in Vienna RLB NÖ-Wien services approx. 270,000 clients in Vienna. Raiffeisen in Vienna Customers 270, ,000 Branches and offices Employees 1,185 1,201 Market share in Vienna 34% 33% 15% Retail customers Corporate customers Trade- and commerce customers Business areas: Corporate customers Trade and commerce customers Private Banking Retail customers Municipal customers 14

15 RLB NÖ-Wien: Ownership Structure 64 Raiffeisen Banks in Lower Austria Other (e.g. warehouses) 79.6% 20.4% 21.4% Raiffeisen-Holding Niederösterreich-Wien 78.6% Raiffeisenlandesbank Niederösterreich-Wien 15

Our Shareholders: Raiffeisen Co-operative Banks in Lower Austria Raiffeisen banks NÖ - Balance Sheet 2015 2014 Raiffeisen banks NÖ 2015 2014 Loans to customers 12,483 11,433 Customers 930,000 965,000

16 Our Shareholders: Raiffeisen Co-operative Banks in Lower Austria Raiffeisen banks NÖ - Balance Sheet Raiffeisen banks NÖ Loans to customers 12,483 11,433 Customers 930, ,000 Savings deposits 10,775 10,880 Branches and offices Total own funds 1,896 1,815 Employees 3,100 3,162 Total assets 20,766 19,953 EUR million data without RLB NÖ-Wien RLB NÖ-Wien s shareholders are 64 independent cooperative banks, which are strongly anchored in the region. The Raiffeisen banks in Lower Austria are the leading banking group in Lower Austria, with a market share of about 42 per cent (31/12/2015). Key business areas of the Raiffeisen banks are services for retail customers and business with regional small and medium sized companies.

Our Shareholders: Raiffeisen Holding Niederösterreich-Wien One of the largest

investments comprises four core business areas: Universal finance Industry Media

investments in the different segments are: Agrana, Südzucker, Leipnik-

Total assets 29,355.7 Financial assets 4,861.

8 Loans to customers 11,644.1 Equity *) 2,683.1 Own funds ratio *) 20.

17 Our Shareholders: Raiffeisen Holding Niederösterreich-Wien One of the largest holding companies in Austria Investments in Austria and abroad The portfolio of investments comprises four core business areas: Universal finance Industry Media Real estate Most important participation: RLB NÖ-Wien Further substantial investments in the different segments are: Agrana, Südzucker, Leipnik- Lundenburger Invest, Strabag, NÖM, Kurier Raiffeisen-Holding NÖ-Wien - Group Total assets 29,355.7 Financial assets 4,861.3 Investments in associated companies 3,475.6 Loans to banks 6,045.8 Loans to customers 11,644.1 Equity *) 2,683.1 Own funds ratio *) 20.3% Net interest income Net group profit 72.5 *) RH NÖ-Wien credit institution group (according to CRR) EUR million Source: Financial Statements IFRS 17

18 Our participations: RZB and indirectly Raiffeisen Bank International Raiffeisenlandesbank Niederösterreich-Wien 34.7 % Raiffeisen Zentralbank Österreich ~ 21% 60.7 % Raiffeisen Bank International 18

Raiffeisen Bank International: Key Facts RBI - balance sheet 2015 RBI - Ratios 2015 Total assets 114,427 Return on Equity before tax 8.5% Loans to banks 10,837 CET 1 ratio (transitional) 12.

19 Raiffeisen Bank International: Key Facts RBI - balance sheet 2015 RBI - Ratios 2015 Total assets 114,427 Return on Equity before tax 8.5% Loans to banks 10,837 CET 1 ratio (transitional) 12.1% Loans to customers 69,921 CET 1 ratio (fully loaded) 11.5% Deposits from customers 68,991 Total capital ratio (transitional) 17.4% Bond issues 7,502 NPL-Ratio total 11.9% Deposits from other banks 16,369 Coverage-Ratio total 71.6% EUR billion; Source: Annual Financial Report IFRS RBI - Information 2015 Markets 15 Customers ~ 14.9 Mio. Branches ~ 2,705 Employees (full-time equivalents) ~51,492 RBI - Segments CE SEE RUS Group Corporates Group Markets Corporate Center profit before tax; EUR million Non-Core & Reconciliation 19

20 Raiffeisen Bank International: A leading bank in CEE 20

RLB NÖ-Wien: Top Management Klaus Buchleitner, MBA, Raiffeisen Banks/Management-Services, Chairman Chairman of the

Girozentrale Bank AG, Raiffeisen Ware Austria, BayWa AG Dr.

July 2003 Born in 1962; Previous employments: Creditanstalt-Bankverein, Raiffeisenbank Wien Reinhard Karl, Corporate

Salzburger Sparkasse Bank AG, Erste Bank Andreas Fleischmann, Financial Markets/Organization/IT RLB NÖ-Wien Board Member

Bank, Österreichische Postsparkasse, Bank Austria Creditanstalt, UniCredit Group, Kommunalkredit Austria AG, KA Finanz

21 RLB NÖ-Wien: Top Management Klaus Buchleitner, MBA, Raiffeisen Banks/Management-Services, Chairman Chairman of the Management Board of RLB NÖ-Wien and Raiffeisen-Holding NÖ-Wien since June 2012 Born in 1964; Previous employments: Girozentrale Bank AG, Raiffeisen Ware Austria, BayWa AG Dr. Georg Kraft-Kinz, Retail Banking RLB NÖ-Wien Deputy CEO since May 2010, Board Member in charge of Retail Banking since July 2003 Born in 1962; Previous employments: Creditanstalt-Bankverein, Raiffeisenbank Wien Reinhard Karl, Corporate Banking RLB NÖ-Wien Board Member in charge of Corporate Banking since May 2009 Born in 1964; Previous employments: Salzburger Sparkasse Bank AG, Erste Bank Andreas Fleischmann, Financial Markets/Organization/IT RLB NÖ-Wien Board Member in charge of Financial Markets and Organization/IT since September 2013 Born in 1967; Previous employments: GiroCredit Bank, Österreichische Postsparkasse, Bank Austria Creditanstalt, UniCredit Group, Kommunalkredit Austria AG, KA Finanz AG Michael Rab, CRO/CFO RLB NÖ-Wien Board Member in charge of Risk Management/Finance since July 2007 Born in 1961; Previous employments: KPMG Alpen-Treuhand-Austria-Group, Austrian Raiffeisen-Verband 21

22 Website: Tel: Ext. Fax: Ext. Visiting Address: Friedrich-W.-Raiffeisen-Platz 1, A-1020 Vienna SWIFT: RLNWATWW Reuters Dealing Code: RLBV Contact details Financial Institutions, Syndications & International Desk Treasury Felix Mayr Head of International Business +43 (0) felix.mayr@raiffeisenbank.at Florian Hehenfelder Head of Global Financial Institutions & Syndications +43 (0) florian.hehenfelder@raiffeisenbank.at Jochen Bonk Treasury Interest Steering +43 (0) jochen.bonk@raiffeisenbank.at Michael Handl Treasury Steering Liquidity +43 (0) michael.handl@raiffeisenbank.at Christiane Tauschitz Financial Institutions +43 (0) christiane.tauschitz@raiffeisenbank.at Natalia Hansmann Financial Institutions +43 (0) natalia.hansmann@raiffeisenbank.at Christian Stangl MM & Derivates +43 (0) christian.stangl@raiffeisenbank.at Peter Karlik Treasury Raiffeisenbanks and Services +43 (0) peter.karlik@raiffeisenbank.at Nadja Watti Financial Institutions +43 (0) nadja.watti@raiffeisenbank.at Marika Miklis Financial Institutions & International Desk +43 (0) marika.miklis@raiffeisenbank.at Christian Schäfer Capital Markets +43 (0) christian.schaefer@raiffeisenbank.at Andrea Pelzmann Transaction Management +43 (0) andrea.pelzmann@raiffeisenbank.at Bernhard Steiner Syndications Herta Ruscher Assistant Investor Relations +43 (0) bernhard.steiner@raiffeisenbank.at +43 (0) herta.ruscher@raiffeisenbank.at +43 (0) ir@raiffeisenbank.at 22

RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG

RAIFFEISENLANDESBANK NIEDERÖSTERREICH-WIEN AG Company Presentation May 2017 Disclaimer Exclusion of liability: This presentation is a marketing information of Raiffeisenlandesbank Niederösterreich-Wien