Raiffeisen Bank International

Raiffeisen Bank International A.G. (RBI) is an Austrian banking group, itself is a central institution of the Raiffeisen Banking Group Austria (RBG). The central bank is listed on the Vienna Stock Exchange, with the regional banks of RBG were the major shareholder of the central bank, via a shareholders' agreement.[2]

Raiffeisen Bank International A.G.
Typelisted Aktiengesellschaft
WBAG: RBI
ISINAT0000606306
IndustryFinancial services
Founded
  • 1927 (predecessor)
  • ? (RBI)
  • 18 March 2017 (2017-03-18) (merged with RZB Group)
Headquarters
Vienna
,
Austria
Area served
  • Austria
  • Poland
  • Southern Europe
  • Slovenia (former)
Servicesretail and corporate banking
Owner
regional Raiffeisen central banks(58.8%)
general public(41.2%)[1]

Raiffeisen Bank International was a subsidiary of Raiffeisen Zentralbank Österreich (RZB Group). In 2017, Raiffeisen Bank International reverse-merged with its parent company Raiffeisen Zentralbank Österreich.

Due to its size, Raiffeisen Bank International was supervised by the European Central Bank directly (as 1 of the 126 banking group).[3]

History

A subsidiary of Raiffeisen Zentralbank Österreich, Raiffeisen Bank International operates a banking network in Central and Eastern Europe. 17 markets are covered with subsidiary banks, leasing companies and representative offices. As of end-2010, RBI served more than 14 million customers via roughly 3,000 branch offices. At the end of February 2010, RZB CEO Walter Rothensteiner announced that a possible merger of RZB with Raiffeisen International Bank-Holding AG (RI) was being considered. This move would open up broader access to the capital, money and bond markets. As all of these changes would take place within the group, it would have no impact on the equity capital ratios. The newly founded Raiffeisen Bank International AG would contain RI and those parts of RZB that do not involve business with the Raiffeisen sector. Business related to RZB's function as the central institution of the Raiffeisen Banking Group and those participations relevant for this sector were to remain at RZB. On 19 April 2010, the executive boards of the two institutions resolved to present a proposal on this merger to the shareholders for approval. At the general shareholders meeting on 7 July 2010, the shareholders of RZB voted to spin off the bank's commercial customer business and the related participations from RZB and to merge these with RI. The next day, the shareholders of RI approved this merger at a general shareholders meeting. The newly founded institution, Raiffeisen Bank International AG, began its activities on 11 October 2010.

In 2016 Raiffeisen Banka d.d. of Slovenia (was renamed to KBS Banka, but merged with other bank to become Nova KBM[4]) was sold to Apollo Global Management and the European Bank for Reconstruction and Development.[5]

On 18 March 2017 Raiffeisen Bank International merged with Raiffeisen Zentralbank Österreich;[6] the merger was approved by the extraordinary general meeting of RBI's shareholders in January 2017.[7] In mid-2017 the bank suspended the initial public offering of its subsidiary Raiffeisen Bank Polska.[8][9][10]

Locations

In 2015 Xiamen branch and the representatives office in Harbin, both in China, were closed down.[11] In 2013, Raiffeisen Bank International opened its Hong Kong branch.[12]

See also
  • Crédit Agricole S.A., French counterpart of French co-operative banks
  • ICCREA Banca S.p.A., Italian counterpart of Italian co-operative banks

References
  1. "RBI Share". Raiffeisen Bank International. Retrieved 11 July 2017.
  2. "Shareholder Structure". Raiffeisen Bank International. Retrieved 11 July 2017.
  3. "List of supervised entities (as of 15 November 2016 - December update)" (PDF). European Central Bank. 22 December 2016. Retrieved 25 July 2017.
  4. "History". Nova KBM. Retrieved 11 July 2017.
  5. "RBI closes sale of Raiffeisen Banka in Slovenia" (Press release). Raiffeisen Bank International. 30 June 2016. Retrieved 1 August 2016.
  6. "RBI: Successful completion of merger with RZB" (Press release). Raiffeisen Bank International. 18 March 2017. Retrieved 11 July 2017.
  7. "Raiffeisen shareholders back plan for internal merger". Reuters. 24 January 2017. Retrieved 11 July 2017.
  8. "RBI: Intention to float shares of Raiffeisen Bank Polska S.A." (Press release). Raiffeisen Bank International. 19 June 2017. Retrieved 11 July 2017.
  9. "RBI: Raiffeisen Bank Polska IPO to be postponed" (Press release). Raiffeisen Bank International. 6 July 2017. Retrieved 11 July 2017.
  10. "Raiffeisen Suspends IPO of Its Polish Unit, Citing Weak Demand". The New York Times. 6 July 2017. Retrieved 11 July 2017.
  11. "Ào dì lì ào hé guó jì yín háng gǔ fèn yǒu xiàn gōng sī guān bì xià mén fēn háng, hā' ěr bīn dài biǎo chǔ de pī fù" 奥地利奥合国际银行股份有限公司关闭厦门分行、哈尔滨代表处的批复 (Press release) (in Chinese). Beijing: China Banking Regulatory Commission. 2 April 2015. Retrieved 23 October 2017.
  12. "Raiffeisen Bank International opens Hong Kong branch (with photo)" (Press release). Hong Kong Government. 10 June 2013. Retrieved 8 March 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.