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Raiffeisen International with profitable growth.

According to preliminary results, Raiffeisen International Bank-HoldingAG (RI) significantly increased its profit before tax by 65.5 million or 23.7 per cent to 342.2 million, achieving its best result up to now. Profit after tax amounted to 271 million (2003: 227.4 million). The balance-sheet total grew by 44.1 per cent to 28.9 billion. About 80 per cent of the increase stemmed from organic growth.

The cost/income ratio improved from 64.7 per cent to 63.4 per cent. Thereturn on equity (before tax) is 22.3 per cent. The tier-1 ratio amountsto 10.1 per cent (2003: 9.4 per cent). The network was expanded throughthe acquisition of the Albanian Savings Bank, now Raiffeisen Bank Sh.a.

Until 2004, Raiffeisen Zentralbank Oesterreich AG (RZB) was RI''s soleshareholder. Last year, not only RZB raised the company''s capital, alsotwo supranational organizations, the European Bank for Reconstructionand Development (EBRD) and the International Finance Corporation (IFC),acquired stakes of 4 per cent each through a capital increase. Inaddition to that, the Austrian Regional Raiffeisen Banks acquired atotal of 6 per cent of RI.

At year end 2004, RI employed a staff of just under 23,000, servicingabout 5 million retail customers via 916 business outlets.

All figures in compliance with International Financial ReportingStandards (IFRS).

Preliminary 2004 figures of RI-Group

RI-Group according to IFRS in million20042003Change
Balance-sheet total28,70920,06344.1 %
Profit before tax342.2276.723.7 %
Consolidated profit (after minorities)210.9178.718.0 %
Return on Equity (before tax)22.3 %24.1 %- 1.8 pp
Cost/Income Ratio63.4 %64.7 %- 1.3 pp
Number of Staff on balance-sheet date22,85118,38624.3 %
Business outlets on balance-sheet date91672226.9 %

For further information please contact Michael Palzer (+431-71707-1504, Martin Schreiber (+43-1/717 07-1562,


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