Raiffeisen Bausparkasse in 2015

As at: April 2016

The dream of owning your own home

Ladies and Gentlemen,

Many people dream of living in their own home. Those who want to make their dream come true will need a reliable and knowledgeable partner to help them achieve their aims. Here at Raiffeisen Bausparkasse, we help our cus-tomers to realise their real-estate dreams and saving targets without fail – and we’ve been doing so for 55 years.

Building society savings in 2015: 365 days of building society savings and housing financing, plus local as well as internal changes and good moments shared together. – It was an eventful and busy year for Raiffeisen Bausparkasse and its affiliated companies.

We thank all our business partners for their commitment and outstanding collaboration. We thank all our employees for their personal contribution to the success of “our“ Raiffeisen Bausparkasse. And we thank our customers for having confidence in us.

The company in briefRaiffeisen Bausparkasse is the institute of Raiffeisen Banking Group Austria that specialises in the financ-ing, maintenance and improvement of residential property. It offers discounted savings contracts as well as tailor-made loans that facilitate the creation of housing as well as the financing of educational programmes and upkeep initiatives.

The company was founded in 1961. Back then, it was the smallest building society in Austria; today, Raiffeisen Bausparkasse is an international company.

As the market leader in the main business areas, it services around 1.8 million customers in Austria and has foreign equity holdings in the Czech Republic, Slovakia and Romania – with a total of almost 1.6 million customers.

In Austria, Raiffeisen Bausparkasse has co-financed the construction, purchase or modernisation of around 465,000 apartments and houses. That equals residential property for more than 1.2 million people.

Mag. Manfred Url Mag. Hans-Christian Vallant

The Board of Directors of Raiffeisen Bausparkasse: Mag. Manfred Url and Mag. Hans-Christian Vallant.

Key figures (as at 31 December 2015)

Contract portfolio: 1,753,432 New contracts: 288,582

Savings contracts: 1,654,614 Savings contracts: 284,336

Loan contracts: 98,818 Loan contracts: 4,246

Loans: EUR 6,152.0 million Financing: EUR 768.5 million

Deposits: EUR 6,345.8 million Balance sheet total: EUR 7,677.1 million

Business development in 2015

A good year: Facts, figures and data Raiffeisen Bausparkasse ended the 2015 financial year on a successful note, despite difficult market conditions. The still difficult macroeconomic environment, persistent low interest rates and the tougher competition with respect to terms offered required great effort in both product and cost management.

Building society savings remained the most popular form of savings in 2015. Despite the low savings rate and a declining trend in savings deposits generally, Raiffeisen Bausparkasse was the only Austrian building society to achieve a growth rate of 0.2 per cent in building savings deposits compared to the previous year, an increase of EUR 13.1 million. As a result, building savings deposits reached a level of EUR 6,345.8 million.

In terms of new business, Raiffeisen Bausparkasse remains the market leader, with 288,582 new contracts and a market share of 34.7 per cent. The company also secured for itself the highest value in terms of the total value of contracts concluded.

In the area of financing, Raiffeisen Bausparkasse rendered financial services worth EUR 768.5 million. The situation regarding total loans currently stands at EUR 6,152.0 million.

Amongst Austria’s building societies, Raiffeisen Bausparkasse is also clearly in first place for the number of build-ing society accounts under management: Savings and loan contracts together make up the formidable sum of 1,753,432 building savings accounts. Despite a marginal decline compared to 2014, Raiffeisen Bausparkasse therefore retains a market share of 33.7 per cent and thus its position as market leader.

Key figures (as at 31 December 2015)

New contracts Contract portfolio Deposits Loans

RBSK 288,582 1,753,432 EUR 6,345.8 million EUR 6,152.0 million

PSS 155,927 830,606 EUR 2,443.0 million EUR 2,058.2 million

RSTS 95,460 631,844 EUR 2,564.1 million EUR 1,429.8 million

RBL 37,554 237,082 EUR 131.0 million EUR 24.7 million

In total 577,523 3,452,964 EUR 11,483.9 million EUR 9,664.7 million

Equity investments of Raiffeisen Bausparkasse

Building societies continue to be very successful in CEE as wellThe foreign business of Raiffeisen Bausparkasse has been an integral part of the company’s strategy for more than 20 years. The participations in Slovakia, the Czech Republic and Romania have a total of almost 1.6 million customers and manage around EUR 5.1 billion in building society deposits.

Slovakia: Prvá stavebná sporitelňa, a.s. (PSS) Year established: 1992 First foreign equity holding of Raiffeisen Bausparkasse and first building society in Central and Eastern Europe

(CEE) Undisputed market leader in Slovakia Lead position in building society savings and construction financing

Czech Republic: Raiffeisen stavební spořitelna, a.s. (RSTS) Year established: 1993 (as AR Bausparkasse AG) First building society in the Czech Republic 1998: Adoption of the name Raiffeisen stavební spořitelna, a.s., which is still used today Good results despite challenging conditions

Romania: Raiffeisen Banca pentru Locuinţe, S.A. (RBL) Year established: 2004 First building society in Romania Constant growth of the contract portfolio Increasing focus on credit business and housing financing

Economic factor and most popular form of savings

Building society cycle: Benefits for people, the economy and the government Building societies are a system that offers benefits for everyone: for the savers, whose money is invested securely in the building societies at attractive rates; for the borrowers, who can count on low and limited interest rates; for the construction industry, whose activity is considerably influenced by the disbursement of building funds – and for the government, which collects far more in tax receipts than it pays out in premiums under housing savings contracts. Building societies represent a win-win situation for everyone involved. That is why they are a key factor in the Austrian economy

Building society customersenjoy benefits when saving and financing

The economyis boosted and profits

The governmenttakes in more money than it

pays in premiums

13% Pension plan13% Supplementary pension10% Investment funds

18% Life insurance

29% Plots

33% Properties

37% Save with abuilding society

13%„Piggy bank“11%Shares

22%Gold

27%Savings book

Mood barometer: Building society savings remain number 1As the GfK mood barometer shows, building society savings are still the most popular form of savings and investments for Austrians. Real estate, followed by plots of land, are the second most popular investment product. For the first time since 2008, Austrians believe that investing in their own apart-ment, house or plot of land is more interesting than depositing the money in a savings account.

Since the 1980s, GfK Austria has been surveying what forms of investment are of greatest interest to Austrians over 15 years, regardless of use. Every year, 18,000 interviews are held in this respect and evaluated on a quarterly basis.

Source: GfK 2015

Assets31/12/2015

in EUR31/12/2014

in EUR ’000

1. Cash and balances with central banks 0.00 1

2.Debt instruments issued by public bodies that are eligible for refinancing with the central bank 103,761,852.48 125,208

3. Receivables from other banks 1,025,927,298.45 939,0184. Mortgage-backed loans 5,144,602,652.11 5,240,0985. Other loans 764,721,995.24 795,3976. Bonds and other fixed-interest securities 317,682,828.11 372,9367. Shares and other variable-yield securities 184,409,814.23 187,1228. Equity investments 205,420.89 2119. Investments in subsidiaries 92,967,701.88 98,834

10. Intangible non-current assets 3,139,770.88 1,387

11.Property, plant and equipment (Of which land and buildings used by the Bank within the scope of its own activities: EUR 287,684.00; previous year: EUR 132,000.00) 699,458.81 408

12. Other assets 38,512,438.48 59,63913. Prepaid expenses 490,331.23 329

7,677,121,562.79 7,820,588

Liabilities

1. Payables to other banks 1,003,081,472.75 1,116,7422. Payables to customers 6,238,814,352.20 6,243,5003. Other liabilities 33,586,532.16 39,1184. Deferred income 488,805.37 6135. Provisions 30,748,218.76 25,5976. Retained profit 13,461,851.55 12,078

7.Supplementary capital under Part 2, Title II, Chapter 4 of Regulation (EU) No. 575/2013 35,500,000.00 70,500

8. Subscribed capital 35,000,000.00 35,0009. Capital reserves 8,091,830.00 8,092

10. Retained earnings 208,500,000.00 199,50011. Liability reserve under § 57 (5) BWG (Austrian banking act) 69,848,500.00 69,848

7,677,121,562.79 7,820,588

Off-balance sheet items

1. Contingent liabilities under guarantees 653.27 312. Commitments 686,794,884.31 571,079

3.Eligible own funds pursuant under Part 2 of Regulation (EU) No. 575/2013 316,272,130.86 297,989

4.Own funds requirement under Article 92 of Regulation (EU) No. 575/2013 2,860,980,206.46 2,860,302

5. Foreign liabilities 18,456,258.28 20,112

Off-balance sheet items

1. Foreign assets 233,513,334.76 246,426

Balance sheet as at 31 December 2015

31/12/2015 in EUR

31/12/2014 in EUR ’000

1. Interest income and similar income 203,586,489.66 215,2202. Interest expense and similar charges -110,474,799.72 -118,046

I. NET INTEREST INCOME 93,111,689.94 97,1743. Income from securities and equity investments 5,897,050.11 36,2604. Other operating income 31,394,602.64 30,714

II. OPERATING INCOME 130,403,342.69 164,1485. General administrative expenses -99,929,712.12 -97,4606. Impairment allowances on assets recognized in items 10 and 11 -860,130.43 -1607. Other operating expenses -156,470.86 -413

III. OPERATING EXPENSES -100,946,313.41 -98,033IV. PROFIT FROM OPERATIONS 29,457,029.28 66,115

8.Realized and unrealized gains and losses on receivables and securities and provisions made for commitments -582,393.33 3,091

9.Realized and unrealized gains and losses on securities classified as financial investments and on equity investments and investments in subsidiaries -3,638,899.57 -968

V. PROFIT FROM ORDINARY ACTIVITIES 25,235,736.38 68,23810. Income tax -2,887,283.37 -4,36611. Other taxes (not included in item 10) -464,169.44 -282

VI. PROFIT FOR THE YEAR 21,884,283.57 63,59012. Changes in reserves -9,000,000.00 -52,000

VII. NET PROFIT FOR THE YEAR 12,884,283.57 11,59013. Retained profit brought forward 577,567.98 488

VIII. RETAINED PROFIT 13,461,851.55 12,078

Income statement for the 2015 financial year

Imprint: Media owner: Raiffeisen Bausparkasse Gesellschaft m. b. H., 1190 Vienna, publisher: internal, publishing location: Vienna, editorial staff: Raiffeisen Bank International AG, Group Communications, 1030 Vienna, photos © iStockphoto, as at: April 2016

Raiffeisen Bausparkasse Gesellschaft m. b. H.Mooslackengasse 12, 1190 Vienna p | +43 1 546 46-0 w | www.bausparen.at

Raiffeisen Zentralbank Österreich AGAm Stadtpark 9, 1030 Vienna p | +43 1 262 16-0 w | www.rzb.at

Prvá stavebná sporitelňa, a.s.Bajkalská 30, P.O.Box 48, SK 829 48 Bratislava 25 p | +421 2 58 23 11 11 w | www.pss.sk

Raiffeisen stavební spořitelna, a.s.Konìvova 2747/99, CZ 130 45 Praha 3 p | +420 2 71 03 11 11 w | www.rsts.cz

Raiffeisen Banca pentru Locuinţe, S.A.246 D Calea Floreasca, 6th Floor, Area A, Sector 1, Bucharest, Postal Code 014476, Romania p | +40 372 13 31 10 w | www.rbl.ro

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