FINANCIAL INSTITUTIONS

ISSUER PROFILE16 July 2018

TABLE OF CONTENTSCompany overview 1Financial highlights 2Business description 2Distribution channels 3Ownership structure 3Subsidiaries 4Company management 5Company history 6

7Peer group 8Related websites and informationsources 8Moody’s related research 8

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Andrea Wehmeier +49.69.7073.0782VP-Senior Analystandrea.wehmeier@moodys.com

Maryna Harbal +49.69.70730.962Associate Analystmaryna.harbal@moodys.com

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Raiffeisen SchweizKey Facts and Statistics - 2017

Company overview

Raiffeisen Schweiz Genossenschaft (Raiffeisen Schweiz) is a Switzerland-based cooperativecorporation. It is wholly owned by 255 local Raiffeisen cooperative banks, which in turnare owned by nearly 1.9 million cooperative members, as of 31 December 2017. Along withcertain other specialised companies, these entities comprise Raiffeisen Group (the group),the third-largest banking group in Switzerland in terms of on-balance sheet assets (CHF227.7billion or €194.5 billion). The group serves approximately 3.7 million customers through anationwide network of 912 branches. As of 31 December 2017, Raiffeisen Schweiz reported anasset base of CHF53.6 billion (€45.8 billion).

As the principal subsidiary of Raiffeisen Group, Raiffeisen Schweiz acts as its centralinstitution, responsible for both defining the group’s overall strategy and ensuring group-wide compliance with its policies and principles. It also manages the group’s participations,ensures compliance with Swiss banking regulations on a group-wide basis, and undertakesthe group’s risk management, liquidity maintenance, monetary settlement and refinancingactivities.

The origins of the Swiss Raiffeisen Group date back to 1899. Raiffeisen Schweiz wasestablished in 1902.

Note: Currency converted using exchange rate of CHF-€0.85397, as of 31 Dec 2017Source: Company reports (annual report Dec 2017 and Raiffeisen Group annual report Dec 2017), company data, Moody’s research

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Financial highlightsNote: The financials presented below are those reported by the entity and are not adjusted for Moody’s analytic purposes. For Moody’sgenerated ratios on Raiffeisen Schweiz, please see <Raiffeisen Schweiz page on moodys.com>

Exhibit 1

Latest full-year resultsRaiffeisen Schweiz Genossenschaft

(in CHF Million) 31-Dec-17 31-Dec-16 31-Dec-15 % Change 17/16 % Change 16/15

Total Assets 53,595 51,912 46,791 3.2 10.9

Total Shareholders’ Equity 2,179 2,074 2,192 5.1 (5.4)

Net Income 47 46 30 1.3 54.0

Source: Moody's research

Exhibit 2

Latest full-year resultsRaiffeisen Group

(in CHF Million) 31-Dec-17 31-Dec-16 31-Dec-15 % Change 17/16 % Change 16/15

Total Assets 227,728 218,590 205,748 4.2 6.2

Total Shareholders’ Equity 15,700 14,385 13,318 9.1 8.0

Net Income 917 754 808 21.6 (6.6)

Total Tier 1 Capital 16,409 15,071 13,921 8.9 8.3

Tier 1 Ratio (%) 17.0 16.5 15.9 50 bps 60 bps

Notes: 1) Based on consolidated financial data2) Shareholders’ Equity excludes minority interestsSource: Company reports (Group annual report Dec 2017 and Dec 2016)

Business description

As the principal subsidiary of Raiffeisen Group, Raiffeisen Schweiz has overall responsibility for the group’s operations and performance.It provides commercial banking products and services – mainly interbank transactions and securities trading – to the group’s localRaiffeisen banks.

Raiffeisen Schweiz is responsible for defining the group’s overall strategy and ensuring group-wide compliance with its policies andprinciples. It also conducts treasury and trading activities and undertakes the group’s risk management, liquidity maintenance, creditportfolio management, monetary settlement and refinancing activities.

Raiffeisen Schweiz acts as the group’s main representative regarding matters of political and banking supervision. Moreover, itcoordinates group operations, provides support services (including IT, infrastructure and refinancing) for the business activities of theprimary Raiffeisen banks, and offers related advisory services.

Source: Company reports (annual report Dec 2017 and Dec 2014), company data, Moody’s research

This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page onwww.moodys.com for the most updated credit rating action information and rating history.

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The breakdown of Raiffeisen Schweiz’s total loans was as follows:

Exhibit 3

Raiffeisen Schweiz Genossenschaft 31-Dec-17 31-Dec-16Loans to clients 19.9 20.1Mortgage loans 80.1 79.9of which: Residential property 69.3 69.1 Office and business premises 2.3 2.6 Trade and industry 5.4 5.2 Other 3.1 3.0Total 100.0 100.0

Source: Company reports (annual report Dec 2017 and Dec 2016)

Distribution channels

As of 31 December 2017, Raiffeisen Group operated a network of 912 branches in Switzerland, including some directly owned andoperated by Raiffeisen Schweiz in Basel, Berne, St. Gallen, Thalwil, Winterthur and Zurich. The group also offers its products andservices through alternative distribution channels, including ATMs, and mobile and electronic banking (e-banking) networks. As ofDecember 2017, Raiffeisen Group served approximately 3.7 million customers and held a 17.5% share of Switzerland’s mortgagebusiness and a 13.1% share of Swiss savings.

Source: Company reports (annual report Dec 2017 and Raiffeisen Group annual report Dec 2017), Moody’s research

Ownership structureRaiffeisen Schweiz is a fully licensed bank under Swiss law. It is wholly owned by Switzerland’s local Raiffeisen cooperative banks, whichin turn are owned by nearly 1.9 million cooperative members, as of 31 December 2017. It has the legal status of a Genossenschaft (acooperative corporation), according to which the appointed delegates of each regional union hold one vote in the bank’s delegatemeeting.

Raiffeisen Group has a two-tier structure. Apart from the central institution Raiffeisen Schweiz, the group comprises 255 legallyindependent Raiffeisen banks, each with its own management and supervisory board. The primary banks are grouped into 21 regionalunions in the form of associations linking Raiffeisen Schweiz with individual Raiffeisen banks.

Both Raiffeisen Group and Raiffeisen Schweiz must comply with the applicable Swiss banking regulations, and are supervised bySwitzerland’s Financial Market Supervisory Authority (FINMA).

Under the current mutual support mechanism, Raiffeisen Schweiz guarantees (by statute) the financial integrity of each local Raiffeisenbank. In turn, Raiffeisen banks are obliged by law to support Raiffeisen Schweiz.

Source: Company reports (annual report Dec 2017 and Raiffeisen Group annual report Dec 2017), Moody’s research

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Exhibit 4

Raiffeisen Group structure, as of 31 December 2017

Source: Company report (Raiffeisen Group annual report Dec 2017)

SubsidiariesAs of 31 December 2017, Raiffeisen Schweiz held interests in the following companies:

Exhibit 5

Raiffeisen Schweiz GenossenschaftCompany Registered Office Business Activity % Held*Group Companies Raiffeisen Unternehmerzentrum AG Gossau SG Advisory services for SMEs 100.0Raiffeisen Immo Ltd St.Gallen Brokering and advisory services 100.0RAInetworks Pte. Ltd Singapore Trading in goods and services for the Raiffeisen

Group100.0

Notenstein La Roche Private Bank Ltd** St. Gallen Asset management for private clients 100.0Investnet Holding Ltd Herisau Holding Company 60.0Arizon Sourcing Ltd. St. Gallen Operational and advisory services for banks 51.0Raiffeisen Switzerland B.V. Amsterdam Amsterdam Financial services 100.0Holdings valued according to the equity method Vorsorge Partner AG St. Gallen Pension advisory services 40.0Leonteq Ltd Zurich Financial Services 29.0Aduno Holding Ltd Zurich Financial Services 25.5Pfandbriefbank schweizerischer Hypothekarinstitute AG Zurich Pfandbriefbank 21.7Other Participations responsAbility Participations AG Zurich Financial services 14.4Swiss Bankers Prepaid Services Ltd. Grosshöchstetten Financial services 16.5Cooperative Olma Messen St.Gallen St.Gallen Organisation of fairs 11.5Twint Ltd Zurich Financial services 5.0SIX Group Ltd. Zurich Financial services 6.9Coresystems Ltd Windisch IT services 22.5adRom Digital Media Ltd Vaduz IT services 33.3Fehr Group Ltd Winterthur Affiliated company 35.7

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Quartal Financial Solutions Inc. Nevada, USA IT services 47.6

As of 31 Dec 2017*% Held refers to the interest held at the level of Raiffeisen Group**Fully sold to Vontobel as of July 2018Source: Company report (Raiffeisen Group annual report Dec 2017)

Company management

Exhibit 6

Raiffeisen SwitzerlandExecutive Board Current TitleDr. Patrik Gisel Chairman of the Executive Board and Chief Executive Officer;

Pfandbriefbank schweizerischer Hypothekarinstitute AG, Zurich: Deputy Chairman of the Board of Directors;Ergis AG, Wald (AR), Arizon Sourcing Ltd., St.Gallen and Schweizerische Management Gesellschaft: Member of the Board ofDirectors;Swiss Bankers Association, Basel: Member of the committee and Member of Board of Directors;UNICO Banking Forum, Brussels: Chairman of the CEO Circle;SIX Group Ltd.: Member of the Board of Directors and the Risk Committee;Betula Association, Romanshorn: Member of the Management Board;Helvetia Swiss Insurance Company Ltd., St.Gallen: Member of the Board of Directors and Investment and Risk Committee;Notenstein La Roche Private Bank Ltd., St. Gallen: Chairman of the Board of Directors;Ostschweizerische Stiftung für klinische Krebsforschung (OSKK), St.Gallen: Member of the Foundation Board;University of Zurich: Lecturer

Michael Auer Deputy Chairman of the Executive Board and Head of Private and Affluent Clients Department;Raiffeisen Pension Fund, Raiffeisen Immo Ltd and Raiffeisen Employer Foundation: Chairman of the Board of Directors;Retail Banking Steering Committee and Coordination Domestic Banks: Member;UNICO Banking Forum: Chairman of the Executive Board;Swiss Museum Pass: Member of the Foundation Board;Säntis Schwebebahn AG, Notenstein La Roche Private Bank Ltd., Twint Ltd and Aduno Holding AG.: Member of the Board ofDirectors

Paulo Brügger Member of the Executive Board and Head of Central Bank Department;responsibility Participations AG, Zurich and Leonteq Securities Ltd, Zurich: Member of the Board of Directors;Raiffeisen Pension Fund: Member of the Investment Committee

Gabriele Burn Member of the Executive Board and Head of Branches & Regions Department;Swiss Climate Foundation: Chairwoman;Schweizer Berghilfe: Member of the Advisory Board;Ella & J. Paul Schnorf Foundation: Member of the Foundation Board;Zurich Banking Association: Member of the Management Board;Banking Association of the City, St.Gallen: Vice Chairwoman;Swiss Association for Hotel Financing SGH and Green Building Association: Board Member;Lucerne University of Applied Sciences and Arts and Institute for Financial Services Zug IFZ: Member of the SpecialistCouncil

Urs P. Gauch Member of the Executive Board and Head of Corporate Clients Department;FL Metalltechnik AG, Grünen-Sumiswald, Investnet AG, Investnet Holding AG, KMU Capital AG, and Vorsorge Partner AG:Member of Board of Directors;Raiffeisen Unternehmerzentrum AG, Business Broker AG, Zurich and Business Broker Investment AG, Zurich: Chairman ofBoard of Directors;Epi-Suisse: Member of the Management Board

Rolf Olmesdahl Member of the Executive Board, Chief Operating Officer and Head of IT Department (CIO);Arizon Sourcing Ltd., St.Gallen: Chairman of the Board of Directors;Institute of Information Management HSG, University of St.Gallen: Member of the Research Council

Dr. Christian Poerschke* Member of the Executive Board, Chief Financial Officer and Head of Services Department;Swiss Finance Institute: Member of the Foundation Board

Dr. Beat Hodel Member of the Executive Board, Chief Risk Officer and Head of Risk and Compliance Department

Note: Marcel Zoller, the long-standing Chief Financial Officer, retired on 30 April 2018. Dr. Christian Poerschke has taken the role of Chief Financial Officer following the resignation ofMarcel ZollerAs of 6 July 2018

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Exhibit 7

Raiffeisen SwitzerlandBoard of Directors Affiliation CommitteesProf. Dr. Pascal Gantenbein Chairman of the Board of Directors;

University of Basel: Full Professor;Faculty of Economic Sciences: Dean of Studies;University of St.Gallen (HSG) and Centre for Urban & Real EstateManagement at the University of Zurich: Lecturer;Grether AG, Binningen: Member of the Board of Directors;St.Galler Pensionskasse, St.Gallen: Member of the Advisory Board

Strategy andFinance Committee(C)

Philippe Moeschinger Member of the Board of Directors;Comptoir Immobilier SA: Director General and Member of the Board of Directors;Gestion Capital Immobilier Suisse SA, Capital Immobilier Suisse AG, Société coopérativeL'HABRIK, Les Rambossons, Geneva, Société coopérative pour l'habitat social, Tunnel and Gendre& Emonet Gérance immobilière SA: Member of the Board of Directors;Banque Raiffeisen d’Arve et Lac: Chairman of the Board of Directors;SVIT Romandie: Committee Member;Fédération genevoise des Banques Raiffeisen: Member

Nomination andRemunerationCommittee,Strategy andFinance Committee

Daniel Lüscher Member of the Board of Directors;Raiffeisenbank Aarau-Lenzburg: Chairman of the Executive Board;Swiss Excellence Forum Sursee: Chairman;Association Aarau Standortmarketing (VAS): President

Strategy andFinance Committee

Olivier Roussy Member of the Board of Directors;Major Invest SA (wealth management / financial consulting), Yverdon-les-Bains: Founder andManager;Major Invest SA, Yverdon-les-Bains: Chairman of Board of Directors

Risk Committee (C),Audit Committee

Urs Schneider Member of the Board of Directors;Swiss Farmers’ Union: Deputy Director;Thurgauer Verband der Raiffeisenbanken and Agro-Marketing Suisse,: Chairman;Raiffeisenbank Mittelthurgau, Agrimmo AG, Schweiz. Agrarmedien and "Agri" S.a.r.l.(agriculturalpublication in French-speaking Switzerland), Grünes Zentrum AG, Landwirtschaftliches Bau- undArchitekturbüro LBA: Member of the Board of Directors;Association to Promote the Quality Strategy of the Swiss Agriculture and Food Industry, Berne:Member of the Executive Board;Foundation for Sustainable Nutrition by Swiss Agricultural Industry and Employee BenefitsFoundation of the Swiss Farmers' Association: Member of the Foundation Board

Strategy andFinance Committee,Audit Committee

Rolf Walker Member of the Board of Directors;Independent management consultant

Audit Committee(C), RiskCommittee,Nomination andRemunerationCommittee

Thomas Rauber Member of the Board of Directors;TR Management GmbH: Owner and Director;TR Invest AG: Owner and Director

Nomination andRemunerationCommittee (C), RiskCommittee

As of 6 Jul 2018(C) = Committee ChairSource: Company report (Raiffeisen Group annual report Dec 2017), company data

Company historyRaiffeisen Group was established in 1899, when Switzerland’s first Raiffeisen bank was founded in Bichelsee in the canton of Thurgau bya parish priest, Johann Evangelist Traber. Subsequently, Traber promoted the establishment of such institutions throughout Switzerland.In 1902, 10 institutions founded the Swiss Raiffeisen Association, which functioned as a compensation bank between individual localRaiffeisen banks.

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In 2008, Raiffeisen Group sold its consumer finance business, Raiffeisen Finanzierungs AG, to Aduno Holding Ltd. (an affiliate companyin which Raiffeisen Schweiz held a 25.5% stake, as of 31 December 2017). That same year, Raiffeisen Guarantee Cooperative – in whichRaiffeisen Schweiz held a 5.3% direct stake and Raiffeisen Group ultimately owned 100%, as of 31 December 2007 – was merged withRaiffeisen Schweiz (with effect from July 2008).

As of January 2010, Raiffeisen Leasing Ltd was integrated into Raiffeisen Schweiz and renamed KMU Capital Ltd. That month, RaiffeisenSchweiz (Luxemburg) Fonds Advisory SA was dissolved.

In January 2012, Raiffeisen Schweiz announced the acquisition of Notenstein Privat Bank Ltd, which comprises the non-US businessof Wegelin & Co. Privatbankiers, which had non-US client-related assets under management of approximately CHF16.0 billion(€15.4 billion), as of 30 June 2015. Through this acquisition, the bank expanded its market position in private banking and wealthmanagement, particularly with regards to affluent clients.

During 2012, Raiffeisen Schweiz also acquired a 60% stake in the financial services company Investnet Ltd, by means of a stock swapand the disposal of its 40% stake in KMU Capital Ltd.

In April 2013, Notenstein Privat Bank Ltd. acquired a 20.3% stake in EFG Financial Products Holding AG (renamed Leonteq in June2013) from EFG International AG, increasing its stake to 22.8% from 2.5%.

In February 2015, Notenstein Privat Bank Ltd. took over the client-relationship activities of Bank La Roche & Co Ltd. In November2015, Notenstein Private Bank Ltd. merged with the Bank La Roche & Co Ltd. to form Notenstein La Roche Private Bank Ltd. As of 31December 2017, Notenstein La Roche reported assets under management of CHF16.8 billion.

In December 2015, Raiffeisen Schweiz acquired a 10% equity stake in Avaloq Group AG.

In September 2016, Raiffeisen Schweiz sold its asset management company Vescore Ltd to Vontobel.

In September 2017, Raiffeisen Schweiz sold its entire 4% stake in Helvetia Holding AG.

In July 2018, Raiffeisen Schweiz sold 100% of its Notenstein La Roche Privatbank to Vontobel.

Note: Currency converted using exchange rate of CHF–€ 0.96464, as of 30 June 2015Source: Company reports (annual report Dec 2017, Dec 2016, Dec 2014, Dec 2012, Dec 2010 and Dec 2008, Raiffeisen Group annual report Dec 2015, Dec 2010 and Dec 2008, and Notenstein laRoche annual report 2017), company data, Moody’s research, www.oanda.com

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Peer group

» Zuercher Kantonalbank

» Banque Cantonale Vaudoise

» St. Galler Kantonalbank AG

» Berner Kantonalbank AG

» Caisse centrale Desjardins

» Credit Agricole S.A.

Related websites and information sourcesFor additional information, please see:

The company’s website

» Raiffeisen Schweiz Genossenschaft

The regulator’s website

» Swiss Financial Market Supervisory Authority

MOODY’S has provided links or references to third party World Wide Websites or URLs (“Links or References”) solely for your convenience in locating related information and services. Thewebsites reached through these Links or References have not necessarily been reviewed by MOODY’S, and are maintained by a third party over which MOODY’S exercises no control. Accordingly,MOODY’S expressly disclaims any responsibility or liability for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on any third party website accessed via a Link or Reference. Moreover, a Link or Reference does not imply an endorsement of any third party, any website, or the products or services provided by any third party.

Moody’s related researchIssuer page on Moodys.com

» Raiffeisen Schweiz Genossenschaft

Credit opinion

» Raiffeisen Schweiz Genossenschaft

Industry outlook

» Banking System Outlook: Switzerland, November 2017 (1097253)

Issuer comment

» Switzerland’s Proposed Gone-Concern Capital Rules for D-SIBs Are Credit Positive, July 2017 (196388)

» Raiffeisen Schweiz’s Mortgage Lending Grows as Margins Shrink, a Credit Negative, 27 February 2017 (194526)

To access any of these reports, click on the entry above. Note that these references are current as of the date of publication of this report and that more recent reports may be available on theissuer’s page . All research may not be available to all clients.

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