Gunther Santler / 39404 / RBGK / AT Raiffeisenbank Maria Saal / +43 4223 5100 11

Balance sheet publication record in 2018 Raiffeisenzeitung

Table 1
Gunther Santler To: Helga KOGLER 07/04/2019 14:55
----- Forwarded by Gunther Santler / 39404 / RBGK / AT on 07/04/2019 14:55 -----
From: Gunther Santler / 39404 / RBGK / AT
On: Gunther Santler / 39404 / RBGK / AT @ RBGK , Siegbert GROJER / 39404 / RBGK / AT @ RBGK
Copy: bilanzen@raiffeisenzeitung.at
Date: 07/04/2019 14:37
Subject: Balance sheet publication record in 2018 Raiffeisenzeitung

Balance-publication Raiffeisenzeitung2018.doc

Bilanzbeil Bestverm 2018 14-06-2019-083809

EXPORT_Anlagespiegel.xlsx

VEROE_ANH3940418.docx

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RZ3940418.PDF

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Signing balance sheet 2018.pdf

open record signing after GV

----- Forwarded by Gunther Santler / 39404 / RBGK / AT on 07/01/2019 15:53 -----

Table 2
From: Gunther Santler / 39404 / RBGK / AT
On: bilanzen@raiffeisenzeitung.at , Siegbert GROJER / 39404 / RBGK / AT @ RBGK , Gunther
Santler / 39404 / RBGK / AT @ RBGK , Helga KOGLER / 39404 / RBGK / AT @ RBGK
Date: 07/05/2018 15:14
Subject: Balance sheet publication record in 2017 Raiffeisenzeitung

Please like every year to a proof before printing the final inspection.

thank you very much

Grojer / Santler
Raiffeisenbank Maria Saal

registered cooperative with limited liability

Dir. Dr. Gunther Santler

Tel .: 04223 5100 11
Fax .: 04223 5100 22

mailto: gunther.santler@rbgk.raiffeisen.at http://www.raiffeisen.at/ktn/maria-saal

Raiffeisenplatz 1, 9063 Maria Hall Company register: 118679d
Firmenbuchgericht: Landesgericht Klagenfurt
 Excerpts from the transcript
PROTOCOL.
on Wednesday the 03.07.2019 at 19.00, in 9063 Maria Saal took place Annual General Meeting of
Raiffeisenbank Maria Saal registered cooperative with limited liability
Item 1 of the agenda
1. OPENING AND WELCOME:
The 126th General Assembly of Chairman MR Dr. Kollmitzer at 19.00. PM opens.
He called all those present warmly welcomed and particularly welcomes
Mr. Lord OREV. Anton Grabner RLB ctn., Mr. Mayor. Anton Schmidt, Mr.
Vizebürgeimeister Ing. Klaus Poscharnig, all councilors, former mayor
Richard Brachmaier. Altobmann Franz Schmid, em. Supervisory Board Chairman
Wolfgang Plieschnegger, nd would like to thank the introduction in the MGV Maria Hall under the direction of Chairman: Mag Christian Schwarz Kogler, choir director. Jordan Alois
for the willingness to frame the general musical.
The chairman notes that the General Assembly has been properly convened, the poster was made statutory by stop in business office on 06.21.2019. (Posted on 21/06/2019 and written
invitation to the post office given on 06.21.2019, taken on 04/07/2019) and that the purpose of these was announced at the convocation. It provides further that, according
Membership Directory, the cooperative counts 810 members and that 60
Members are present and the quorum for all objects of
Agenda is therefore given only after elapse of the waiting half an hour at 19.30.
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 Many thanks also to the MGV Maria Saal for the willingness
General Assembly to frame musically. Request for song presentations.
The chairman, the quorum after elapse of the waiting half an hour thus at 19.30 fixed.
The General Assembly continued wild after reaching a quorum at 19.30
Before the umpire to the agenda or to point 2 passes over the agenda of the deceased members, especially Ing. Tauchmann, Velik Walter,
Erwin Kohlweg, Rossmann Herbert, Christian Miklautz. Feichter Gottfried Aigner
Rosemarie, Maria Nusser. Stefanie Brescak thought.
For Recording Secretary is Mrs. Helga Kogler, for Protokollmitfertiger Mr. Franz Wrann and as
Scrutineers be appointed unanimously by the General Assembly Erika Tolazzi and Roman Rauter.
To point 5 and 6 of the agenda:
5. REPORT OF THE SUPERVISORY BOARD
AND REQUESTS
Report of the Supervisory Board
Ladies and gentlemen, high General Assembly,
On behalf of the Supervisory Board member, Marlis Pravda, the boards of directors Ing. Paul Knafl,
Dipl. Ing. Frank Rainer and Dietmar Karner may I also you to the 126th
warmly welcome General Assembly.
The Supervisory Board has completed all its assigned tasks in 2018
We have conducted in accordance with the Banking Act, the controls and all the necessary documents and questions were always fully presented to us and answered Cash are always
guided by the staff meticulously and accurately and settled.
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 The internal audit and external audit of RLB Carinthia have performed their extensive testing and there were no significant
Complaints, so has also been granted the "unqualified audit opinion".
Therefore, in section 5 of TO I present to the General Assembly following
Requests a) Approval of the annual financial statements and management report 2018 b) Resolution on the retained earnings in 2018
The balance sheet profit (including retained earnings of € 1,184.660,40.) In the amount of € 1, 341 .021, 69 to be used as follows;
Allocation 21.69 € and the reported remaining profit of € 1,341 000, to statutory reserve - should be carried forward.
The managers to the General Assembly the authority to grant each profit in case of need (especially due to statutory or regulatory requirements, in particular to avoid injury to the
transitional provisions in respect of own resources) to allocate all or parts of the reserves in particular the reserve fund.
In an allocation to reserves particular to the reserve fund of the next General Assembly is to report back.
The proposal complies with the requirements of the statute. The Supervisory Board has audited the financial statements, the management report and the proposal for the appropriation
of
Net income tested, found to be in order and supports the proposal of the Board.
c) discharge of the Board and the Supervisory Board.
Thank you for your attention!
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 ARVs. Dietmar Karner thanks his colleagues AR, the board, the staff and the management for the excellent cooperation and in

customers and members for their loyalty to Raiffeisen Bank.

The chairman MR Dr. Kollmitzer thanked the Chairman of the

Supervisory Dietzrnar Karner for his report, asked for any inquiries of members
Steiner request Dieter why the cash reserves have dropped so? Response over the holidays will require less cash position (cash and bank).

Once there are no further questions he put to the vote

All applications will be put to the vote separately and adopted unanimously by 20:01. The submitted audited financial statements 2018 as well

the management report to be approved unanimously, unanimously agreed the appropriation of profits proposed that the directors granted permission unanimously Board and Supervisory
Board unanimously granted discharge.

6.1 ELECTIONS

Chairman MR ur. Koiimitzer funrt the elections:

The nominations for the General Assembly were submitted in writing by the Executive Board and the Supervisory Board and timely forwarded. There were

introduced no further nominations schedule

Chaired by Chairman MR Dr. Kollmilzer the Supervisory Board are elected / re-elected due to the writing introduced nominations.

Supervisory Board:

Maria Elisabeth Pravda, born .: 11/11/1956, employees, 9063 Maria Saal, Zellerstrasse 40 as Supervisory Board member

Ing. Paul Knafl, go .: 01/29/1968, farmer, Hauptstrasse 31, 9063 Maria Saal on the Supervisory Board

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 All women / men are (in separate ballots for
Chairman. Chairman deputy, remaining
Supervisory Board) unanimously voted to 20:02 and take all the choice of.
Chaired by umpire. Dr. Ferdinand Kollmitzer be the Obmannstv. and the other board due to the writing introduced nominations elected / re-elected.
Board:
Ing. Helmut Fleissner, geb.:17.4.1965, farmer Zollfeld 3, 9063 Maria Saal as Obmannsteltvertreter
Thomas Jordan, born .: 16/05/1971. Farmer. 9063 Maria Saal, hard-2, as
Board member.
You Mag.. Dr. Günther Santler, Director born, 03/17/1959, grain lane 4,
9020 Klagenfurt. as a board member,
All men are elected (in separate ballots for chairman, remaining board members,) unanimously to 20:04 and take all the choice of.
The bodies thus comprise a total of:
Board.:
MedRat. Dr. Ferdinand Kollmitzer, doctor born, 05/20/1954, Maria Saaler Bergweg 13,
9063 Maria Saal as chairman.
Ing. Helmut Fleissner, 4 geb.:17 1965. farmer Zollfeld 3, 9063 Maria Saal as chairman deputy
You. Siegbert Grojer. Director born, 05/11/1957, Treffelsdorf 2, 9064
Pischelsdorf, as a board member,
Thomas Jordan, born: 05.16.1971. Farmer, 9063 Maria Saal, hard-2, as
Board member,
You Mag.. Dr. Günther Santler, Director born, 03/17/1959, grain lane 4,
9020 Klagenfurt, as a board member,

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 Supervisory Board:

Dietmar Karner go 8.22 in 1956, employee, Hülgerthstraße 20, 9063 Maria Saal, as Chairman,

. Dl Frainer FRANK, born .: 03/04/1972, employee, Wrießnitz 45. 9063 Maria Saal as, Chairman - deputy

Ing. Paul Knafl, born .: 29 1.1968, farmer, Hauptstrasse 31, 9063 Maria Saal on the Supervisory Board

Maria Elisabeth Pravda, born .: 11.1 1.1 955 employees, S063 Maria Saal, Zeller Strasse 40, as a supervisory board member.

At this point I must be the chairman training "Fit and Proper" mention all officials had 5x2 day intensive -. Visit training institutions and to study a variety of documents in preparation
and each time pass the exam to participate in the 5 weekend seminars at all to can.

The lady and the gentlemen are "fit and proper" - they all have this training - successfully completed the requirement for re-election.

The excerpts copy agrees with the original.

Maria Saal, on 07/05/2019

The annual financial statements 2018, the Management Report 2018 and the summary of the audit report were available for inspection for members of the
Provisions of the Statute, in Gsschäftslokal on.

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 Raiffeisenbank Maria Saal registered cooperative with limited liability

(Name of the SCE)

Table 3
chairman
MR
Board member you. GuntherJSantler anyway.
Dr Ferdinand Kollmitzer anyway.

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FINANCIAL STATEMENTS

2018
Raiffeisenbank

Maria Saal

Gov. Gen. mb H

based in:

9063 Maria Saal

Table 4
Assets Balance as on 31st December 2018
EUR Previous year in thousand €
1. Cash on hand, deposits in central banks and post office giro institutions 451.357,94 774
2. Debt instruments issued by public-sector institutions and bills of exchange that are eligible for refinancing with central banks 3.930.741,09 4.337
a) Public-sector debt instruments and similar securities 3.930.741,09 4.337
b) bills of exchange that are eligible for refinancing with central banks 0,00 0
3. Loans and receivables claims 18.068.682,90 15.196
a) Callable on demand 9.277.327.45 7.893
b) other receivables 8.791.355.45 7.303
4. Loans and advances to customers 34.760.408,11 33.025
5. Debentures and other fixed-interest securities 896.240,96 0
a) Issued by public bodies 0,00 0
b) by other issuers 896.240,96 0
thereof:
own bonds 0,00 0
6. Shares and other non-fixed interest rate securities 0,00 0
7. investments 31.307,00 30
thereof:
in banks 30.300,00 30
8. Shares in affiliated companies 0,00 0
thereof:
in banks 0,00 0
9. Intangible assets of the investment 0,00 0
10. Property, plant and equipment 53.196,63 48
thereof:
Land and buildings that are used by the bank for its own activities 2.608,00 4
11. Shares in a controlling company or a majority holding company 0,00 0
thereof:
Nominal value 0,00 0
12. Other assets 936.298,73 812
13. Subscribed capital that has been requested but not yet paid 0,00 0
14. Deferred items 7.476,64 7
thereof:
Difference in accordance with § 906 para. 33 UGB 0,00 0
15. Deferred Tax Assets 334.891,98 330
SUM OF ASSETS 59.470.601,98 54.559
Table 5
Liabilities Balance as on 31st December 2018
EUR Previous year in TEUR
1. Liabilities to banks 0,00 0
a) Callable on demand 0,00 0
b) with agreed maturity or notice period 0,00 0
2. Liabilities due to customers 52.852.561,75 47.746
a) savings 32.616.181,16 31.881
thereof:
aa) Callable on demand 21.411.149,80 17.643
bb) with agreed maturity or notice period 11.205.031,36 14.238
b) other liabilities 20.236.380,59 15.865
thereof:
aa) Callable on demand 20.234.953,59 15.865
bb) with agreed maturity or notice period 1.427,00 0
3. Securitized liabilities 0,00 0
a) bonds issued 0,00 0
b) other securitized liabilities 0,00 0
4. Other liabilities 119.709,21 149
5. Deferred items 553.221,33 658
thereof:
Appreciation reserves in accordance with § 906 para. 32 UGB 549.553,00 656
Difference in accordance with § 906 para. 34 UGB 0,00 0
6. reserves 317.030,18 534
a) Provisions for severance 141.097,00 133
b) Provisions for pensions 0,00 0
c) Tax provisions 0,00 211
d) other 175.933,18 190
6a. the fund for general banking risks 0,00 0
7. Supplementary capital in accordance with Part 2, Title I, Chapter 4 of Regulation (EU) No 575/2013 0,00 0
8. Additional core capital as defined in Part 2, Title I, Chapter 3 of Regulation (EU) No 575/2013 0,00 0
thereof:
Mandatory convertible bonds pursuant to § 26a BWG 0,00 0
8b. Instruments gem without voting rights. § 26a BWG(Banking Law) 0,00 0
9. Subscribed capital 25.626,75 26
10. Capital reserves 0,00 0
a) Linked 0,00 0
b) uncommitted 0,00 0
11. reserves 3.704.260,73 3.449
a) legal reserve 0,00 0
b) Statutory reserves 1.455.903,64 1.405
c) Other earnings 2.248.357,09 2.044
12. Liability reserve in accordance with § 57 para. 5 BWG (Banking Act) 557.170,34 557
13. Net profit / Net loss 1.341.021,69 1.440
TOTAL SUM OF LIABILITIES 59.470.601,98 54.559
Table 6
Items under the balance Balance on 31. December 201 8
EUR Previous year in thousand €
Assets
1. International assets 131.791.92 145
Liabilities
1. Contingent liabilities 962.601,70 1.143
thereof:
a) Acceptances and endorsement liabilities from passed on bills of exchange 0,00 0
b) Liabilities from guarantees and assets pledged as collateral 811.094,70 991
2. credit risk 9.056.258,69 8.259
thereof:
Liabilities from pension business 0,00 0
3. Liabilities from fiduciary transactions 0,00 0
4. Regulatory capital compliant with Part 2 of Regulation (EU) no. 575/2013 4.425.302,74 4.213
thereof:
a) Supplementary capital in accordance with Part 2, Title I, Chapter 4 of Regulation (EU) No 575/2013 0.00 0
5. Capital requirements in accordance with Art. 92 of Regulation (EU) No. 575/2013 33.526.878,02 31.624
thereof:
a) Own funds requirements pursuant to Art. 92 (1) ref. a of Regulation (EU) No 575/2013 (Common Equity Tier 1 ratio) 12,74 12,71
b) Own funds requirements pursuant to Art. 92 (1) ref. b of Regulation (EU) No 575/2013 (Core capital ratio %) 12,74 12,71
c) Own funds requirements pursuant to Art. 92 para. 1 lit. c of Regulation (EU) No 575/2013 (total capital ratio in%) 13,20 13,32
6. Foreign countries liabilities 163.750,04 127
Table 7
Segmentation of profit-and-loss account balances
EUR Previous year in thousand €
1. Interest and similar income 1.160.845,15 1.152
thereof:
from fixed-interest securities 148.999,87 205
2. Interest and similar expenses 58.688,11- 60-
I. NET INTEREST INCOME 1.102.157,04 1.092
3. Income from securities and equity investments 6.446,52 10
a) Income from shares and other shares and variable-interest securities 0,00 6
b) Income from equity investments 6.446,52 4
c) Income from shares in affiliated companies 0,00 0
4. Commission revenues 413.048,94 398
5. Commission expenses 46.516,44- 41-
6. Income or expense from financial transactions 632,81 0
7. Other operating income 42.297,23 11
II. OPERATING INCOME 1,518.066,10 1.470
8. General administrative applications 1.180.672,74- 1.139-
a) personnel expenses 676.263,00- 647-
thereof:
aa) Wages and salaries 523.243,15- 483-
bb) Expenses for statutory social security contributions and payroll-related taxes and contributions 124.375,43- 128-
cc) other social expenses 5.831,13- 6-
DD) Expenses for pensions and retirement benefits 9.842,57- 10-
EE) Deferred pension provision 0,00 0
FF) Expenditures for severance payments and payments to operational employee pension funds 12.970,72- 20-
b) other management expenses (operating expenses) 504.409,74- 492-
9. Value adjustments on assets included in asset items 9 and 10 13.281,94- 11-
10. Other operating expense 39.613,33- 36-
III. OPERATING EXPENSES 1.233.568,01- 1.186-
IV. OPERATING INCOME 284.498,09 284
Table 8
Structure of the profit and loss account i
EUR Previous year in thousand €
IV , OPERATING RESULT - Transfer 284.498,09 284
Balance from the resolutions / allocations of or on the valuation allowances on receivables
11. / 12.
and on the reversal of provisions for contingent liabilities
78.940,86- 88-
13./ 14. 0 0,00 0
V. RESULT OF ORDINARY BUSINESS ACTIVITIES 205.557,23 196
15. extraordinary income 0,00 0
thereof:
Withdrawals from general banking risk funds 0,00 0
16. Extraordinary expenses 0,00 0
thereof:
Allocations to the fund for general banking risks 0,00 0
17. Extraordinary result (Subtotal of items 15 and 16) 0,00 0
18. Income taxes 47.174,44- 50-
thereof:
from deferred taxes 5.249,61 23
19. Other taxes to show as far as not in item 18 2.021,50- 2-
VI. NET PROFIT / NET LOSS 156.361,29 144
20. Movement of reserves 0,00 3-
thereof:
Deferred risk reserve 0,00 3-
Liquidation of the liability reserve 0,00 0
VII ANNUAL PROFIT / ANNUAL LOSS 156.361,29 141
21. Profit balance carried forward or loss carryforwards 1.184.660,40 1.299
VIII. RETAINED EARNINGS / ACCUMULATED LOSSES 1.341.021,69 1.440
Table 9
These financial statements have been prepared on 02.20.2019 Raiffeisenbank Maria Saal
Leader(
registered cooperative with limited liability (Firmenstampiglie)
and treated in accordance with the constitution and approved: In the board meeting on
\ the Board
19 03.2019

In the meeting held on 13.06.2019 F \ jr the Supervisory Board

These financial statements have been discussed in the General Assembly and approved
The Chairman
arr.
These financial statements have been prepared in accordance with statutory provisions on
submitted for publication.

These financial statements have been filed in accordance with the statutory provisions on the publication.
Notes to the financial statements of Raiffeisenbank Maria Saal Page 1

Notes to the financial statements 2018

the
Raiffeisenbank Maria Saal
reg.Gen.mbH
Raiffeisenbank Maria Saal
registered cooperative attitude of restricted
(Stampiglie)
Table 10
Notes to the financial statements of Raiffeisenbank Maria Saal
Page 2
1. Information on angewen-Deten in the balance sheet and the income statement accounting policies
The financial statements were drawn up so-such as the generally accepted standard, a true and fair view of the assets, financial and earnings situation of the company with due regard to the generally
accepted accounting principles, set up.
In preparing the financial statements the principle of completeness was observed.
In the evaluation of individual assets and liabilities of the principle of one-zelbewertung was and the assumption of a going concern.
The principle of prudence was taken into account that only realized that on the closing date
Gains were reported. All recognizable risks and impending losses were taken into account.
1.1. currency translation
Amounts in foreign currencies are valued in accordance with § 58 para 1 BWG to ECB reference rates or foreign exchange mid-rates.
1.2. securities
Fixed income securities investments are according to § 56 2 (and 3) BWG and § 204, paragraph 2 rated UGB
It is noted that all of the securities Nostrobestandes, (except for those securities that are part of current assets) are permanently to the operation and thus the Anlagever-like to be paid. Raiffeisen
Bank is also financially able to hold these securities dau-nently.
Other securities investments are like. § 204 para 2 UGB evaluated.
Above par bonds and other fixed-income securities of Anlagever-mögens are amortized in accordance with § 56 para 2 BWG pro rata to the amount repayable. Securities that are purchased below
par, no pro rata write-up.
Securities as cover for trust funds were regarded as fixed assets and ward safety regulation to the strict lower rated according to § 2 para. 3
Marketable securities are valued at the lower of.
Raiffeisen Bank does not have a trading book in Part 3, Title I, Chapter 3 of Regulation (EU) No.
575/2013.
1.3. Loans, and credit risks Eventualforderunqen
For recognizable risks among borrowers specific valuation allowances were respectively, provisions gebil-det.
On the basis of statistical empirical values from the same facts stored under § 201 para. 2 7 Commercial Code was formed a general allowance for exposures.
 Table 11
Notes to the financial statements of Raiffeisenbank Maria Saal page 3

1.4. Undervaluation like. $ 57 paras 1 and 2 BWG

For exposures to credit institutions and to customers who are not as fixed assets, de-WUR of policy choice, like. § 57 para 1 and 2 made BWG use.
1.5. investments
The investments are valued at cost. Impairment losses are recognized if the fair value is likely to be permanent under the book value.
1 .6. Tangible and intangible fixed assets Vermöqensqeqenstände
Intangible fixed assets and tangible assets are measured at acquisition or production cost less scheduled linear Abschreibun-gen.
Low-value assets are fully depreciated in the year.
Write-downs are only expected permanent impairment vorgenom-men.

Table 12
The following useful life was used as the basis for depreciation.
by to
Intangible fixed assets 3 5 Years
Building 15 40 Years
fixtures and fittings 3 20 Years

1.7. Provisions for pensions, severance payments and anniversary bonuses

Provisions for pensions, severance payments and anniversary bonuses are in line with the AFRAC-
Opinion 27 personnel provisions (ACC) in March 2018, according to actuarial or if calculated justifiable on financial principles. The expected Ver-pension benefits are distributed to the entire
period of employment. Future salary and Pen-sion increases are considered, fluctuation deductions not.
1.8. Other provisions
The other provisions are in compliance with the prudence principle for all identifiable at the time of bi-lance creation risks and which were basically certain, however, considered un-certain
liabilities to the amounts as to the amount required by prudent entrepreneurial loading urteilung.
1 .9. Change of Bilanzierunqs- and Bewertunqsmethoden
The accounting policies have remained unchanged from the previous year.
Table 13
Notes to the financial statements of Raiffeisenbank Maria Saal
page 4

2, Notes to the Balance Sheet

The information of the previous year's figures in the balance sheet, the profit and loss account and annexed it-generally follow in thousands of euros.
2.1. Representation of maturity of receivables
Loans and advances to credit institutions (asset 3b) and non-banks (assets 4) are not payable on like divided. § 64, Section 1 2 4 BWG according to maturity as follows:

Table 14
Loans and advances to banks Book Previous year in Claims on non-banks Book value as of Previous year in
Remaining maturity
value as at 31.12.2018 in EUR thousand € 31.12.2018 in EUR TEUR
Tied up to 3 months. 3.996.045,48 2.500 1.538.690,51 1.450
tied for more than 3 months to 1 year 499.505,68 1.503 3.079.114,71 3.876
tied for more than 1 year to 5 years 2.297.781,55 2.300 13.070.855.15 12.602
tied for more than 5 years 1.998.022,74 1.001 16.759.101,02 14.681
Total 8,791.355,45 7.304 34.447.761,39 32.609

2.2. securities
Once admitted to trading securities in asset Items 5 and 6 are divided into listed and non-listed securities as follows:

Table 15
Designation listed 2018 in EUR Previous year in thousand € unlisted 2018 in EUR Previous year in thousand €
Bonds and other fixed interest. Securities 895.430,00 0 0,00 0
Shares and other non-fixed interest rate securities 0,00 0 0,00 0
Admitted to trading interests exist.
Once admitted to trading securities in asset Items 5 and 6 are divided by type of valuation as follows:

Table 16
like fixed assets Previous year in not valued as fixed Previous year in
Designation
valued 2018 in EUR thousand € assets 2018 in EUR thousand €
Bonds and other fixed-interest securities 0,00 0 895.430,00 0
Table 17
Notes to the financial statements of Raiffeisenbank Maria Saal
page 5
The difference between the book value and the lower repayment amount in accordance with § 56 2 BWG of bonds and other fixed income securities of Anlagevermö gene of the asset 2a, 3, 4 and 5
is EUR 156,836.54 (PY: EUR 165).
2-3. Investments and relations with affiliated companies
Raiffeisen Bank has no minimum holding of 20% in other companies.
In the items 2, 3, 4 and 5 are below securitized and non-exposures to companies with which a participation is held, and contain affiliated companies:

Table 18
Name of balance sheet items Receivables from associated companies Receivables from affiliated companies
Carrying amount Carrying amount
Previous year in
31.12.2018 31.12.2018 Previous year in thousand €
thousand €
in EUR in EUR
Loans and receivables claims 18.068.682.90 15.196 0,00 0
(Thereof subordinate) ( 0,00) (0) ( 0,00) (0)

2.4. fixed assets

The development of fixed assets of the plant is Raiffeisenbank 1 below.
In the asset 10 is no land value is included.

Table 19
For subsequent items, the book value is above the fair value:
Acquisition value Carrying amount Fair value Failed depreciation
Item 31 12.2018 Previous year 31.12,2018 Previous year 2018 Previous year
in EUR
in EUR in Thousand EUR in EUR in Thousand EUR in EUR in Thousand EUR
A2 465.930,00 456.781,09 465 456.450,00 457 331,09 8
A3 300.165,00 300.055,45 300 299.220,00 298 835,45 2

2.5. Deferred taxes (§ 238 para 1 3):

The control deferred deferred tax resulting from differences in:

• Retirement benefits

• Other non-current provisions

• expenses and general provision

• undervaluation like. § 57 BWG

Furthermore, deferred tax assets were recognized from the title of the expenditure distribution. The calculation of deferred control based on a rate of 25%.
Table 20
Notes to the financial statements of Raiffeisenbank Maria Saal
page 6

Deferred taxes increased by EUR 5,249.61 in 2018 and the year ending 31/12/2018
EUR 334,891.98.
2.6. Eiqenkapital and equity-related liabilities
The change in the number of members of the company shares and payable thereon after-shot obligations and amounts paid arises in 2018 as follows:

Table 21
Number of
Members Shares Share capital in EUR Additional funding in EUR
Status as of 01.01. 813 3.554 25837,58 516.751,60
Additions 1 1 7,27 145,40
Withdrawals 4 30 218.10 4.362,00
As of 31.12. 810 3.525 25626,75 512.535,00
of it quit 0 0,00
thereof outstanding share capital (not claimed) 0,00
Notes to the financial statements of Raiffeisenbank Maria Saal

Table 22
2.7. Breakdown of core capital and supplementary equity capital
Tier 1 capital and ancillary own funds are as follows:
Amount as of 31.12.2018 Previous year
OWN FUNDS (CA1)
in EUR in Thousand EUR
core capital 4.271.673,05 4.019
Creditable capital instruments 0,00 26
P9 Subscribed capital 25.626,75 26
P10. Capital reserves 0,00 0
Retained earnings 3.704.260,73 3.449
P11. reserves 3,704 260,73 3-449
P13. Net loss 0,00 0
Other reserves 557,170,34 557
P12. Liability reserve 557,170,34 557
P6 A General Bank Risk Fund 0,00 0
Transitional adjustments to capital instruments of hard-common equity 10.241,98 13
Deduction, adjustment items due to adjustments of Common Equity Tier 1 0,00 0
Goodwill 0,00 0
A9. less Intangible assets 0,00 0
Other adjustments / Deductions from Common Equity Tier 1 0,00 -26
Additional core capital 0,00 0
P8 Additional Tier 1 capital. Part 2, Title I, Chapter 3 of Regulation 575/2013 0,00 0
P8b Instruments without voting rights like § 26a BWG 0.00 0
Core capital (T1) 4.271.673,05 4.019
Supplementary capital (T2) 153.629,69 194
Capital instruments and subordinated loans eligible as supplementary capital 0,00 0
Expiring instruments from supplementary capital (additional contributions, liability sum surcharge). Transitional provisions, revaluation reserve) 153.629,69 194
General credit risk adjustments according to Article 62 (c) of Regulation (EU) No 575/2013 0,00 0
P7 Tier 2 capital like Art 62 lit a) of Regulation (EU) No 575/2013 0,00 0
OWN FUNDS (CA1) 4.425.302,74 4.213

page 7
Table 23
Notes to the financial statements of Raiffeisenbank Maria Saal
page 8

Table 24
2.8. Presentation of maturities of liabilities
Liabilities to banks (liabilities 1 b) and non-banks (liabilities 2 ab, 2 bb) that are not payable on a daily basis are often broken down. § 64 para 1 no. 4 BWG after the maturity as
follows:
Obligations gg. Banks book value at 31 Previous year in Liabilities to non-banks Book value at 31 Previous year in
Remaining maturity
12.2018 in EUR thousand € 12.2018 in EUR thousand €
Tied up to 3 months. 0,00 0 29.188,80 0
tied for more than 3 months to 1 year 0,00 0 463.589,55 235
tied for more than 1 year to 5 years 0,00 0 2 606.797,15 2.000
tied for more than 5 years 0,00 0 8.106.882,86 12.004
Total 0,00 0 11.206.458,36 14.239

2.9. Provisions and other liabilities

Personairückstellunqen
As discount rate the average rate of the past 10 years according to the re-gelung in § 253 para 2 German Commercial Code is used.

Table 25
Assumptions for the calculation of the expected defined benefit claims as at 31.12.2018 clearance Anniversary bonuses
Type of calculation financial Mathematics financial Mathematics
collection method Value method Value method
Discount rate 3,21% (Previous year: 3.71%) 3,21% (Previous year: 3.71%)
Pension increase expectancy phase
Pension increase benefit phase
salary increase 3,00% (Previous year: 3.00%) 3,00% (Previous year: 3.00%)
Retirement age: Women Men 60/65 (Previous year: 60/65) 60/65 (Previous year: 60/65)
fluctuation allowance 0% (Previous year: 0%) 0 (Previous year: 0%)
Table 26
Notes to the financial statements of Raiffeisenbank Maria Saal
page 9

Table 27
Other provisions
The other provisions shown in the balance sheet under LIABILITIES 6 d) include the following provisions with a considerable scope:
Book value as at 31.12.2018 Previous year
Designation of the provision
in EUR in Thousand EUR
for not consumed vacations 46.769,00 28
for contingent assets 53.000,00 57
for anniversary bonuses 36.486,00 32
for refunding loan interest 0,00 20
for maintenance rental properties 0,00 30

Other liabilities
In the '' other liabilities' expenses in the amount of EUR 66,899.21 (previous year: EUR 91), which are due after the closing date.
2.10. Supplementary information
For 3112.2018 are for the ward money savings of EUR 77 366.13 (PY: EUR 49)
dedicated: securities as cover in the amount of EUR 456,781.09 (EUR 1,065 last year).
11.2. Other financial obligations
Raiffeisen Bank is subject to the provisions of the Deposit Guarantee and Investor-Compensation Act - ESAEG for deposit insurance and investor compensation. She's since 01/01/2019
Member responsible for the legal deposit and investor compensation Deposit Guarantee AUSTRIA Ges.mbH.
12.2. Not in the balance sheet liabilities
By the year 2013 undersigned "agreement composite support primary banks" one has to Raiffeisen Landesbank Carinthia undertaken to make a financial contribution to overcoming one threat with
another member of the Carinthian Raiffei-sensektors damage under a Verbundunterstützungsmo-dells.
In the case of actual damage, the agreement provides for several variants of the lower support alarm-wetting performance, pull each different accounting consequences. Before tatsächli-chen damage
occurred is unknown what support power is selected. At this stage, therefore, the shape of the balance sheet presentation can not be substantiated. Thus, no balance sheet approach is made.
The financial contribution is in any case limited to the amount of EUR 380 for sale.
 Notes to the financial statements of Raiffeisenbank Maria Saal page 10

3. Notes to the income Verlustrechnunq

3. 1st Other company income

The amounts reported in the income statement under item 7 Other operating Er sluggish contain the following items with a significant amount:

Table 28

Amount as of 31.12.2018 Previous year

Name of the post
in EUR in Thousand EUR
Liquidation of provisions 12.198,98 10
Dissolution liabilities Solidarity Fund 22.558,48 0

Table 29
3.2. Expenses for severance payments and benefits to company employee pension funds
The amounts shown in the income statement under item 8a ff) are made up as follows:
Amount as of 31.12.2018 Previous year
Name of the post
in EUR in Thousand EUR
Expenses for severance payments 8.239,00 16
Benefits to employee benefit funds 4 731,72 5

3.3. Expenses or income for provisions for anniversary bonuses and provisions for ver-rable long-term obligations

The item 8a aa) Wages and salaries expense for provisions for anniversary bonuses and provisions for similar long-term obligations in the amount of EUR 4,081.27 (previous year TEUR 3) are
included.

3.4. Other operating expenses

The amounts reported in the income statement under item 10 Other operating expenses include the following items at a significant scale.

Table 30

Amount to 31 12.2018 Previous year

Name of the post
in EUR in Thousand EUR
Contribution ESAEG 36.483,40 35

3.5. Income for Verwaltunqs- and Aqenturdienstleistunqen

The total amount of income from administrative and agency services in fiscal year 2018 a total of EUR 64,851.23 (previous year: EUR 73 thousand).
Table 31
Notes to the financial statements of Raiffeisenbank Maria Saal page 11

3.6. Expenses for the auditor

fell in fiscal 2018 expenses for the auditor EUR 23,626.00 (previous year: EUR

23).

4. Other information

4. first Significant events after the Abschlussstichtaq

Significant events after the balance sheet date, neither the balance sheet nor in the income

Income are taken into account, are not available.

4.2. Return on assets

The return on assets like. § 64 para 1 19 BWG (quotient of the annual net income divided by the total assets of the reporting date) is 0.3% (previous year: 0.3%).

4.3. Information on employees

In fiscal year 2018 an average of 6.9 employees and 0.4 workers were employed.

4.4. Advances. Loans and Eventualforderunqen to members of the management and supervisory council
The advances, loans and contingent assets to members of the Executive Board and the Supervisory Board as follows:

Table 32

Loans / advances Previous year Contingent claims Previous year

Institutions
2018 in EUR in Thousand EUR 2018 in EUR in Thousand EUR
Management Board 984.962,14 823 0
Supervisory board 39.539,11 103 0
Total 1.024.501,25 926 0,00 0

Loans to members of the Management Board and the Supervisory Board are available to the sector
granted conditions. Repayments are made as agreed.
4.5. Expenses for severance payments and pensions
The investments made in fiscal year 2018 expenses for severance payments and pensions in respect of on-Board members, officers and other employees amounted to EUR 8,239.00 (previous year:
TEUR 16).
The breakdown of expenses for board members and senior executives and other Ar to employed persons was omitted under the safeguard clause of § 242 para 4 UGB.

,
 Notes to the financial statements of Raiffeisenbank Maria Saal page 12

4.6. Expenses for remuneration and allowances of the board, the supervisory board, and the Ge-schäftsleiter

The remuneration to current and former granted in fiscal 2018 co-members of the Executive Board and the Supervisory Board and to the managers distributed as follows (including the
bereaved.):

Table 33
Active Members Previous year Past members Previous year
Institutions
2018 in EUR in Thousand EUR 2018 in EUR in Thousand EUR
Management Board 4.644,20 4
Supervisory board 2.300,00 2

To disclose the remuneration of active managers, applying the safeguard clause of § 64 para 6 BWG refrain from references to former (incl. The survivors) Director, members of the management
and supervisory boards were not incurred.

4 7. Information like. § 64 para 1 18 lit a to f BWG

Raiffeisen Bank has no place of business outside Austria. The information willingly. § 64 para 1 18 lit a to f BWG are therefore identical to each item of the financial statements.

4.8. Proposal for the appropriation of the result

The General Assembly is proposed. EUR 21.69 of the statutory reserve to be allocated from the net profit of EUR 1,341,021.69 and EUR 1.341. 000, be carried forward -on new account.

4.9. Disclosure under Article 431 -. 455 Regulation (EU) No 575/2013

Under Article 431 -. 455 Regulation (EU) No 575/2013 information to be disclosed are (www raiffeisen.at/ktn/maria-saal) on the website of Raiffeisen Bank publishes.
Notes to the financial statements of Raiffeisenbank Maria Saal Page 13

4 1 0 members of the Management and Supervisory Board

During fiscal year 2018 the following members of the Management and Supervisory Boards were in:

Table 34
Board:
Surname function
MR Dr. Ferdinand Kollmitzer chairman
Ing. Helmut Fleissner deputy chairman
Thomas Jordan member
You. Siegbert Grojer member
Dir.Dr. Günther Santler member
Supervisory Board:
Surname function
Dietmar Karner Chairman of the Board
Dl. Rainer FRANK Deputy Supervisory Board
Chairman
Maria Elisabeth Pravda
member
Paul Knafl member
 Supplement to the financial statements of Raiffeisenbank Maria side of the hall 14

Table 35
5.1. Dates:
Creation day by the Director: 02/20/2019
Treatment / approval in the board meeting on: 03/19/2019
Treatment / approval at the Supervisory Board meeting on: 06/13/2019
5.2. Details of the passenger:
Note: have to be signed all board members the financial statements.
chairman: MR Dr. Ferdinand Kollmitzer
Deputy Chairman: Ing Helmut Fleissner
Board members: Thomas Jordan
Board members: You. Siegbert Grojer
Board members: Dir. Dr. Günther Santler
Chairman of the board: Dietmar Karner
Deputy Chairman of the Supervisory Board: Dl. Rainer FRANK
Director: You. Siegbert Grojer
Director: Dir. Dr. Günther Santler
Auditing association: Raiffeisenlandesbank Carinthia
Revision & Advocacy
Tester: Anton Grabner
Association auditor
5.3. Information about Firmenbuchgericht:
Identification of the Company register court: Landesgericht Klagenfurt
Company register of Raiffeisen Bank: FN 18679d 1
 39404
Raiffeisen Bank Hall
Maria
Table 36
Fixed Assets
Raiffeisenbank's fixed assets developed as follows (in EUR):
Acquisition / production costs Accumulated depreciation Book values
As of As at 31.12 Balance on Balance on Balance on
balance sheet items Additions Transfers Expenditures As of 1.1.2018 Receipts attributions Transfers Expenditures
1.1.2018 2018 31.12.2018 31.12.2018 31.12.2017
Debt instruments issued by public-sector institutions and bills of
1.185.630,00 0,00 0,00 719.700,00 465.930,00 120.242,33 8.606,58 0,00 0,00 119.700,00 9.148,91 456.781,09 1.065.367,67
exchange that are eligible for refinancing with central banks
Funding to credit institutions 300.165,00 0,00 0,00 0,00 300.165,00 79,60 29,95 0,00 0,00 0,00 109,55 300.055,45 300.085,40
Loans and advances to customers 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0.00 0,00 0,00
Bonds and other fixed income securities of public sector entities 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0.00 0,00 0,00 0,00 0,00 0,00
Bonds and other fixed-income securities of other issuers 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
including special bonds 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Shares and other non-fixed interest rate securities 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
investments 30.307,00 1.000,00 0,00 0,00 31.307.00 0,00 0,00 0,00 0,00 0.00 0,00 31.307,00 30.307,00
including to banks 30.300,00 0,00 0,00 0,00 30.300,00 0,00 0,00 0,00 0,00 0,00 0,00 30.300,00 30.300,00
Shares in affiliated companies 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
including to banks 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Intangible assets of fixed assets 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Property, plant and equipment 360.885,37 18.297,94 0,00 21.455,55 357.727,76 312.704,74 13.281,94 0,00 0,00 21.455,55 304.531,13 53.196,63 48.180,63
including land and buildings that are used by the bank in its own
10.681,76 0,00 0,00 0,00 10.681,76 6.250,76 1.823,00 0,00 0,00 0,00 8.073,76 2.608,00 4.431,00
activities
Shares in a controlling or controlling company 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
including face value 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Other assets 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
TOTAL 1.876.987,37 19.297,94 0,00 741.155,55 1.155.129,76 433.026,67 21.918,47 0,00 0,00 141.155,55 313.789,59 841.340,17 1.443.960,70
 Auditor's Report
Report on the Financial Statements
opinion
I have the financial statements of Raiffeisenbank Maria Saal, reg.Gen.mbH, based in
Maria Saal, consisting of the balance sheet as at 31.12.2018, the profit and loss account for the year ended on that date fiscal year and the notes thereto,.
In my judgment, the attached annual financial statements comply with legal requirements and give a true and fair view of the assets and financial position as of 31.12.2018 and of the results
of the cooperative for the year ended on that date
Financial year in accordance with Austrian corporate and banking law.
Basis for the audit opinion
I have my final exam in accordance with the EU Regulation no. 537/2014
performed (the EC Regulation) and with Austrian generally accepted auditing standards. These standards require the application of
International Standards on Auditing (ISA). My responsibilities under this
Regulations and standards are further described in the "responsibilities of the auditor for the audit of the financial statements" of my audit opinion. I am of the cooperative independently in
accordance with the Austrian Commercial and professional rules, and I have fulfilled my other job duties in accordance with these requirements. I believe that the audit evidence we have
obtained from me is sufficient and appropriate to provide a basis for my opinion.
Particularly important testing issues
Especially important test situations are those items that were after my due discretion most significant for my audit of the financial statements of the fiscal year. These events were considered
related to my audit of the financial statements as a whole and in the formation of my audit opinion on this, and I give no separate audit opinion on these issues from.
• impairment of loans to customers Description
In the financial statements of Raiffeisenbank Maria Saal 31 December 2018, the loans to non-banks in the balance sheet item "Loans to customers", including any impairment
losses are recognized at an amount of EUR 34,760.
Raiffeisenbank Maria Saal performs a credit for each credit case and
Safety assessment. For uniform procedure applies the
Raiffeisenbank Maria Saal sectoral risk management standards.
Depending on the result of credit and Safety Assessment
Provisioning in the form of allowances formed. The amount of the adjustments of customer requirements based on an expert assessment and is gauged subject. Therefore, the
value of receivables a
Issue of particular importance in the financial statements of Raiffeisenbank
Maria Hall for the 31st December 2018 represents.
 -2-

-2-
Check Generic approach
My audit procedures included assessing the design and testing of the effectiveness of the key internal controls in connection with the rating, Sicherheitenbewertungs- and risk
provisioning process. I chose based on risk-oriented aspects of test samples from the population of accounts receivable and conducted an audit of these individual credit cases
in terms of credit quality, the adequacy and enforceability of collateral and the there is objective evidence of impairment through. I judged conclusively the amount of risk
provisions.
Reference to further information
The information Raiffeisenbank Maria Saal to the customer requirements and to
Loan loss provisions are 'explained in the notes in the section "Accounting policies'.
Responsibilities of the legal representatives and the Supervisory Board for the
Financial Statements
The legal representatives are responsible for preparing the financial statements and for that they give a true and fair view of the financial position and results of the cooperative in accordance
with Austrian corporate and banking law. Furthermore, the legal representatives are responsible for the internal controls they deem necessary to enable the preparation of financial statements
that are free from material - is false representations - intended or unintended.
In preparing the financial statements, the legal representatives are responsible to assess the ability of the cooperative to continue the company's activities, matters related to the continuation of
business activity - where applicable - indicate as well as for the
apply accounting policy of continuing the company's activities, unless the legal representatives intend either to liquidate the cooperative or to cease the activity, or have no realistic alternative.
The supervisory board is responsible for overseeing the financial reporting process of the cooperative.
Responsibilities of the auditor for the audit of annual accounts
My goals are to obtain reasonable assurance about whether the financial statements as
Whole free of material - intended or unintended - wrong
is, representations and express an audit opinion that contains my opinion. Reasonable assurance is a high level of security, but no guarantee that in accordance with the EU regulation and with
the Austrian
Generally accepted auditing standards, which require the application of the ISA, statutory audit carried out a significant misrepresentation, if such exists, always revealing. Misrepresentations
can choose from fraudulent acts or
resulting mistakes and are considered essential if they individually or can be expected to total reasonably be expected on the basis of this
affect the financial statements taken economic decisions of Nutzem.
 -3-
As part of an audit in accordance with the EU regulation and with Austrian generally accepted auditing standards, which require the use of ISAs, I practice throughout the audit professional
judgment and keep a critical attitude.
In addition:
• I identify and judge the risks of material - intended or unintended - misstatement in the financial statements, planning audit procedures as
In response to these risks, I perform and obtain audit evidence that is sufficient and appropriate to serve as a basis for judging my audit. The
Risk resulting material misstatement might not be exposed from fraudulent activities, is higher than a resulting from error because fraudulent
Actions fraudulent interaction, forgeries intended
Incomplete, misleading representations or overriding of internal
may include checks.
• I win an understanding of relevant auditing internal
Control system in order to design audit procedures that are appropriate in the circumstances, but not dispense with the aim of expressing an opinion on the effectiveness of the internal
control system of the cooperative.
• I judge the appropriateness of the applied by management
Accounting policies and reasonableness as set out by the legal representatives of estimated values in financial reporting and related information.
• I prefer conclusions about the appropriateness of applying the
Accounting policy of continuing the Untemehmenstätigkeit by the legal representatives as well, whether a material uncertainty related to events or conditions is based on the audit
evidence obtained that the serious doubts about the ability of the cooperative to continue
may raise business activity. If I draw the conclusion that a material uncertainty exists, I am obliged to make in my audit opinio n on the accompanying financial statement disclosures
carefully or, if
are inadequate data to modify my opinion. I draw my
Conclusions based on the audit evidence to date of my audit opinion obtained. However, future events or circumstances may have the abandonment of the cooperative from the
continuation of the company's activities result.
• I judge the overall presentation, structure and content of annual financial statements including the disclosures and whether the financial statements the underlying
reflect transactions and events in a way that a true and fair
Image is achieved.
I exchange with the Supervisory Board, among other things about the planned scope and the planned time schedule of the audit as well as significant
Audit findings, including any significant deficiencies in internal
Control system, I see during my final exam from.
I determine from the situations in which I have replaced me with the Supervisory Board, those circumstances that the most significant for the test
were the financial statements of the fiscal year and therefore are the most important exam situations. I describe these issues in my audit opinion, unless laws or other laws include the
public statement of the facts or do I determine it is rare that a case should not be disclosed in my audit opinion because it is reasonably expected that the negative consequences of such notice,
would exceed their benefits for the public interest.
 -4-
Other statutory and other legal requirements Report on the Management Report
The management report is to be audited on the basis of the Austrian company law, whether it is consistent with the annual financial statements and whether it has been prepared in accordance
with applicable legal requirements.
The legal representatives are responsible for the preparation of the management report in
Accordance with Austrian corporate and banking law.
I have my audit in accordance with professional standards for testing the
Management report performed.
judgment
In my assessment of the situation report has been prepared in accordance with applicable legal requirements and is consistent with the financial statements.
statement
Given the results of our audit of the financial statements and findings of the recovered understanding of the cooperative and its environment substantial erroneous information were not detected
in the management report.
Additional information required by Article 10 of EC Regulation
Raiffeisenlandesbank Carinthia, data center and Revisionsverband, reg. Gen.mbH as law and under competent Revisionsverband me on 02.07.2018 in
Meaning of § 2 GenRevG for the audit of fiscal year 2018, the annual financial statements
appointed in 2018 and the management report. I am continuously since fiscal 2014 principal investigator of Raiffeisenbank Maria Saal reg. Gen.mbH.
I explain that the audit opinion in the "Report on the financial statements" with the additional report to the Supervisory Board pursuant to Article 11 of the EC Regulation is consistent.
I declare that I have provided no prohibited non-audit services and that I have maintained my independence from the audited cooperative in carrying out the audit.
Klagenfurt, 06.13.2019
Anton Grabner
Association auditor
The auditor's report refers solely to the tested by the Association auditor and full of all legal representatives undersigned financial statements.
may only be in the approved version of me the publication or dissemination of the financial statements with my audit opinion. For other versions, the provisions of § 281 (2) UGB must be
observed.
MANAGEMENT REPORT
2018
the
Raiffeisenbank Maria Saal
reg.Gen.mbH

,
 Management Report for Fiscal Year 2018 Raiffeisenbank Maria Saal Page
2
1. Report on business development and the economic
location
1.1. business development
1.1.1. Explanations of the economic and social Rahmenbedin-conditions
The economic environment in Austria:
It was characterized by the following factors in 2018:
The Austrian economy is in the late phase of a strong
Economic recovery. Based on strong domestic demand and a solid
Export performance is the growth of real GDP in This year - are as last year -at 2.7%. For the years 2019 to 2021 is in line with the slowdown in the international economy with a decline in
growth to 2.0% (2019), 1.9%
(2020) and 1.7% (2021) expected. Thus, the Austrian economy to
Cyclical peak left behind and now slowly pans to a stable
Growth path. Carinthia is expected that the economic growth is also slowing somewhat in line with the Austrian development, but with a slightly shallower recession than in Austria section.
The current boom also characterizes the situation in the labor market; the job offer and employment expanding rapidly and unemployment declines. For the years 2019 and 2020, unemployment
is expected of each 4.7% (according to Eurostat), for the year 2021, a further decline to 4.5%, Carinthia was in 2018 the decline in
Unemployment in the Austrian top box. Despite the slowing economic growth but a continued decline in unemployment was also observed in Carinthia.
The global economy is still in a recovery phase. Both the developed countries - supported by strong growth in the US - as well as the
Emerging markets are currently growing strongly, although the global development recently has been less synchronized than in the past. While global production capacity will be relatively
stable over the next few years, is continued at the World Trade
observed slowdown. This is mainly due to the trade dispute between the US and China is responsible.
The domestic industry is expanding its investments in light of the good sales opportunities in international markets from continuing vigorous. For the year 2018 is characterized by a growth in
capital spending by 4.1% a continuation of the positive
Trends from the previous years. Thus the investment cycle by historical extra-ordinary is strong.
The housing also is growing very strongly. For the full year 2018, an increase in residential investment is expected by 3.0%, which will slow only slightly in the year of 2019. However, for 2020
the decline in the first half of 2018 building permits point to a weaker dynamics of construction activity.
Civil engineering benefited in 2018 from a number of public infrastructure projects that will have a positive effect in the following years.
In October 2018, the ECB has the volume of the asset purchase program to 15 billion. halved monthly and ended this year with the 2018th However, it should be expected as a result of the
economic slowdown that the time window for the ECB
 Management Report for Fiscal Year 2018 Raiffeisenbank Maria Saal
page 3
Rate hikes will close rapidly and increases in interest rates on a return of the
Deposit rates are likely to be limited to zero or to a one-time increase in the repo rate to 0.25% at the beginning of the 2020th
The leading index of the Vienna Stock Exchange (ATX) closed the year 2018 with 2,745.78 points and decreased year on year by 19.7% or 674.36 points.
The guide value of the euro against the US dollar was on the last trading day of 2018 at 1.1450 USD.
The bankruptcies in 2018 set the year in the private sector, both in terms of the number of private bankruptcies (10,054, + 45%) and in terms of debt to be regulated
(EUR million 1892, +93%) a record year. In Carinthia, the number of personal bankruptcies also increased by 60% and to be regulated debt by 93%, but the growth rates are distorted because
due to the insolvency law amendment (IRÄG 2017) by a
Catch-up effect is expected to the year 2017th Unlike the personal bankruptcies, the number of corporate insolvencies in Austria declined by 1.5% on average
(Carinthia +/- 0.0%).
The economic situation in the region
The region Maria Saal is traditionally dominated by agriculture and some small and
Processing plants, wherein the Catering is predominant.
The population is approx. 4,100 and Maria Saal is a very popular place to live in close proximity to the state capital.
Raiffeisenbank Maria Saal is main financier of agriculture and there were also
2018 set priorities in this area.
The in 2005 newly built Bank on Raiffeisenplatz 1 was since 2006 a positive
reported development.

Table 37
1.1.2. business development
1.1.2.1. Total inflow
The development of total resources in the financial year showed the following picture (amounts in TEUR): v
31.12.2017 31.12.2018 Variation in %
New deposits 47.746 52.852 10,7
Mediated investments 19.834 17.080 -13,9
total funds 67.580 69.932 3,5

With the development of the mentioned total inflows Raiffeisenbank totaled corporate goal set.
 Table 38
Management Report for Fiscal Year 2018 Raiffeisenbank Maria Saal
page 4

Table 39
1.1. 2. 2. Finanzierunqsleistunq
The development of the financing performance in the financial year presented the following picture (amounts in TEUR):
31.12.2017 31.12.2018 Variation in %
Total releases including liability 35.247 36.826 4,5
Mediated loans 1.765 1.592 -9,8
Financing payments 37.012 38.418 3,8

The increase in funding in the amount of 3.8% is to be assessed in terms of the diesbezügli-che corporate goal to be satisfactory.
The increase in financing power is made to a large extent on the
Investments of corporate customers as well as due to the need for credit for housing construction.
1 . 1 .2.3. Dienstleistunqsqeschäft
The securities business is ei-nen essential factor in the assessment of client funds with a share of 15.1% of the total inflows.
In the area of building society and insurance mediation set goals could be weitge-based achieved.
The customer self-service in fiscal year 2018 - based on the service
expanded - bank concept. The wide range in the field of customer self-service and electronic banking were more intense by 2018
Customers utilized.
At the same time the number and intensity of the consultations with the owners and customers given the diversity of topics have further increased.
1.1.3. Geschäftsleitunq and personnel
The number of employees fell year on year with a finish of 8 employees and 2 part-time female cleaners.
Raiffeisenbank offers advice at the highest level. Targeted investments in the professional and social skills are therefore of particular importance. This is also reflected by the number of
training days, an average of 4.95 per employee (previous year 0.0), for
Expression.
1 .1 .4. Special character warranting
The clubs were promoted again according to the year 2017th Also, information sessions were conducted (Raiffeisen Wiesn etc.) for our clients who were well received. The World Savings
week was again very well attended.
 Management Report for Fiscal Year 2018 Raiffeisenbank Maria Saal
page 5
1.1.5. Special events in the financial year
In the fiscal year no specific events have occurred.
1.1.6. Fulfillment of the cooperative purpose and non-financial information
The cooperative provides its facilities as part of its business activities and
Services to members - in terms of its function as a high quality local financial - are available. Furthermore, comprehensive consulting, support and information services are provided for the
benefit of members. In addition, appropriate activities for member retention and advertising are set with the co-owner concept.
The cooperative has expressed its commitment to take into account environmental and social aspects in their deliberations. A responsible management guaran- teed the long-lasting bond of
Raiffeisenbank in the economic region with the aim to be use stiftend for members and customers and for society, and thereby contribute to a stable value.
Furthermore, the association aims at sparing and ecologically sustainable use of resources. Particularly in the building and energy management environmentally friendly and long-term cost-
reducing accents.
1.2. Report on bank branches
The headquarters of the Raiffeisenbank Maria Saal in 9063 Maria Saal, Raiffeisenplatz 1. does not branch.
In the following year, no significant investments are planned.
1.3. Description of the position incl. Financial performance indicators
1.3.1. financial position
The balance sheet total increased in 2018 by 4.9 million or 9.0%.
The balance sheet assets The carrying amounts of cash and cash equivalents and loans per-weils experienced an increase.
The utilization rate for loan losses reached 68.0% compared to 71.6% in vorange-past fiscal year. Thus was achieved the target set {Strong credit utilization despite large Ersteinlagenwachstum).
For the recognizable in the lending risk is formed by the
Risk provisions are adequately accounted for.
 Management Report for Fiscal Year 2018 Raiffeisenbank Maria Saal
page 6
1.3.2. financial
1.3. 2.1. Eiqenkapital
The entry in the shareholders' equity increased in 2018 by EUR 156,000 - or 2.9% to EUR 5,628,000, -. The equity portion is 9.5% of the total capital and decreased in 2018 by the strong balance
sheet growth by 0.5%.
1.3. 2. 2. Own resources
With the reported equity of EUR 4,425,000, - may check compliance with Bestim-provisions of Article 92 Regulation (EU) No 575/2013 (CRR) in consideration of.
Transitional provisions like. Article 93, paragraph 2 are CRRnachqewiesen.

Table 40
31.12.2017 31.12.2018
Ownership request. Art. 92 TEUR 2.530 4.425
eligible own funds TEUR 4.213 4.425
Own funds surplus TEUR 1.683 0

1.3.3. earnings
In 2018 has the difference from the interest income and
Interest expenses given the increase in interest assets and effective
Liabilities - due to the development of the average level of interest rates in the active and in
Passive range - nominally increased slightly over the previous year.
The operating revenues have increased slightly compared to the year before.
At the same time, operating expenses experienced a nominal increase in the 2018th The
Operating costs set as the value of the relation of the operating expenses by average capital decreased slightly at annual intervals.
The cost-income ratio (operating expenses It. P & L / operating income It. * P & L 100) is 81.3% compared to 80.7% a year earlier.
In relation to the average capital employed, the operating result is 0.50%, which is below the previous value of 0.53%.
The result from ordinary activities for the financial year 2018 is
EUR 206,000, - compared to EUR 196,000, - a year earlier.
 Management Report for Fiscal Year 2018 Raiffeisenbank Maria Saal
page 7
2. Report on the expected development and risks of the company
2.1. Expected development of the company
The geschäftspoiitischen priorities for the near future are in a kontinuier-union growth of new deposits of 4% per annum and in a good quality growth in loans of 3% annually. The
credit utilization should be kept between 68% and 78%.
Based on the high technical and advisory expertise of the staff - especially in
The area of customer investments and the services business - it is the
Goal to
increase in the coming years, the cross-selling rate in the individual customer segments on.
With regard to the results of operations in the medium target is the protection of the
Income range, in a further improvement of the operating costs and thus set in the progressive improvement in the cost-income ratio (CIR). So that Betriebser-result is to be compared with
the year before further improved. The result for the Ge ordinary activities (EGT) of the desired goal 2019 is 0.25% of the average capital employed.
The first months of 2019 were marked by an increased
Growth in deposits and a constant demand for credit. In the initial deposits the interest rate level moving on a continuing low level. At the same time, the
Ausleihungs-interest rates consistent trend.
Backed by the business and the development of operating income and operating expenses, we expect this year a total fair
Earnings in line with corporate goals.
2.2. Significant risks and uncertainties
Raiffeisen Bank is mainly exposed to the default or credit risk, which arises from the risk that a counterparty is unable to meet in a transaction involving a financial instrument its
obligations and causes a financial loss to the other party. In addition, Raiffeisen Bank in risk
control especially on market risk, in which especially interest rate risk in
Bank-book
comes to fruition, to take care.
Raiffeisen Bank has risk management systems, based on which the
Risks
identified, can be measured and controlled. Raiffeisenbank are risk-bearing
-fähigkeitsanalysen furnished with which - on the basis of scenario calculations - after
Risk categories identified risks of each available coverage will be provided over-. With the use of these systems and tools the target is connected, the
to limit risks of individual risk categories in terms of cover assets and equity and equity sufficient.
Management report for 2018 of Raiffeisenbank Maria side of the hall 8
3. Report on the research and development
Industry-specific reasons, there are no relevant activities.
posted on 02/20/2019
the managers
approved on 03.19.2019
the Board-