Raiffeisen Bank International

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Raiffeisen Bank International A.G.
TypeAktiengesellschaft
WBAG: RBI
ISINAT0000606306
IndustryFinancial services
Founded
  • 16 August 1927 (predecessor)
  • 18 March 2017; 4 years ago (2017-03-18) (merged with RZB Group)
Headquarters
Vienna
,
Austria
Area served
  • Austria
  • Poland
  • Southern Europe
  • Slovenia (former)
ServicesRetail and corporate banking
Owner
WebsiteRBInternational.com

Raiffeisen Bank International (RBI) is an Austrian banking group and a central institution of the Raiffeisen Banking Group Austria (RBG). The central bank is listed on the Vienna Stock Exchange, with RBG's regional banks its major shareholders.[2]

RBI was a subsidiary of Raiffeisen Zentralbank (RZB Group) until March 2017, when it reverse-merged with RZB into one unified company. Due to its size, the bank was supervised by the European Central Bank as one of the 126 banking groups.[3]

History[]

Formerly a subsidiary of Raiffeisen Zentralbank, Raiffeisen Bank International operates a banking network mainly in Central and Eastern Europe, although also maintains operations in Western Europe. Seventeen markets are covered by subsidiary banks, leasing companies, and representative offices. At the end of 2010, RBI served over 14 million customers with about 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. The move would provide broader access to the capital, money, and bond markets. Since the changes would take place within the group, it would have no impact on their equity capital ratios. The newly-founded Raiffeisen Bank International would contain RI and those segments of RZB which do not involve the Raiffeisen sector. Business related to RZB's function as the central institution of the Raiffeisen Banking Group and participation relevant to this sector would remain at RZB. On 19 April 2010, the executive boards of the two institutions resolved to present the proposed merger to the shareholders for approval. At the general shareholders' meeting on 7 July 2010, RZB's shareholders voted to merge the bank's commercial customer business with RI. The following day, RI shareholders approved the merger at a general shareholders' meeting. The new institution, Raiffeisen Bank International, began its activities on 11 October 2010.

In 2013, Raiffeisen Bank International opened its Hong Kong branch.[4] Two years later, its Xiamen branch and Harbin office closed.[5] In 2016, Raiffeisen Banka d.d. of Slovenia (which was renamed KBS Banka and merged with another bank to become Nova KBM)[6] was sold to Apollo Global Management and the European Bank for Reconstruction and Development.[7]

On 18 March 2017, Raiffeisen Bank International merged with Raiffeisen Zentralbank Österreich;[8] the merger was approved at a January 2017 extraordinary general meeting of RBI's shareholders.[9] The bank suspended the initial public offering of its subsidiary, Raiffeisen Bank Polska, in mid-2017.[10][11][12]

Locations[]

  • Europe
    • Albania
    • Belarus
    • Bosnia and Herzegovina
    • Bulgaria
    • Croatia
    • Czech Republic
    • Hungary
    • Kosovo
    • Poland
    • Romania
    • Russia
    • Serbia
    • Slovakia
    • Slovenia
    • Ukraine
    • Austria
    • Belgium (EU liaison office)
    • France
    • Germany
    • Sweden
    • United Kingdom
    • Turkey (Raiffeisen Investment)
  • Asia:
    • China
    • India
    • Singapore
    • South Korea
    • Vietnam
    • Japan (in cooperation with Mizuho Bank)
  • Americas

Belarus[]

In June 2020, Raiffeisen Bank International arranged Belarusian government bonds worth over €1.4 billion. By then, opposition Belarusian presidential candidates, demonstrators, and journalists had been arrested by the regime of Alexander Lukashenko amid mass protests. Pavel Latushko of the opposition Coordination Council accused RBI of supporting the dictatorship of Lukashenko, calling on RBI subsidiary Priorbank to end its business relationships with Belarusian state banks and to sell the government bonds. RBI rejected Latushko's charge that the bank economically supported human-rights violations in Belarus.[14]

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. ^ "Raiffeisen Bank International opens Hong Kong branch (with photo)" (Press release). Hong Kong Government. 10 June 2013. Retrieved 8 March 2019.
  5. ^ "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.
  6. ^ "History". Nova KBM. Retrieved 11 July 2017.
  7. ^ "RBI closes sale of Raiffeisen Banka in Slovenia" (Press release). Raiffeisen Bank International. 30 June 2016. Retrieved 1 August 2016.
  8. ^ "RBI: Successful completion of merger with RZB" (Press release). Raiffeisen Bank International. 18 March 2017. Retrieved 11 July 2017.
  9. ^ "Raiffeisen shareholders back plan for internal merger". Reuters. 24 January 2017. Retrieved 11 July 2017.
  10. ^ "RBI: Intention to float shares of Raiffeisen Bank Polska S.A." (Press release). Raiffeisen Bank International. 19 June 2017. Retrieved 11 July 2017.
  11. ^ "RBI: Raiffeisen Bank Polska IPO to be postponed" (Press release). Raiffeisen Bank International. 6 July 2017. Retrieved 11 July 2017.
  12. ^ "Raiffeisen Suspends IPO of Its Polish Unit, Citing Weak Demand". The New York Times. 6 July 2017. Retrieved 11 July 2017.
  13. ^ "Who We Are". Raiffeisen Bank International. Archived from the original on 1 May 2021. Retrieved 22 May 2021.
  14. ^ "Weißrussische Opposition kritisiert Raiffeisenbank International" (Press release). Die Presse. 8 March 2021. Retrieved 9 March 2021.

External links[]

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