Raiffeisen Zentralbank Osterreich AG (RZB
) (RAOR:AV), the Austrian co-operative bank parent of Raiffeisen Bank International (RBI), a CEE lender, are to merge.
As part of the deal, VBAG will transfer credit claims of domestic and international corporate customers to RZB
's unit Raiffeisen Bank International AG (RBI).
said it would use the funds to acquire the holdings of Raiffeisen's regional banks in network banks in central and eastern Europe.
On the other hand, acquiring OVAG's international operations department, VBI, is not an interesting prospect for the bank considering RZB
's branch network being similar to VBI's.
The second largest player in the region, Raiffeisen International (RZB
), is present in all 10 countries but its penetration strategy has been the polar opposite.
Raiffeisen Bank International was created by the merger of Raiffeisen Zentralbank (RZB
) and its subsidiary Raiffeisen International (WBAG:RIBH).
During Q 2 2010 RZB
and listed Raiffeisen International, Austria's third largest banking group announced and intra group merger with equity issue for approximately 1.5 billion to recapitalise the banking group which is invested throughout Central and Eastern Europe.
Representatives from the European Commission and the International Monetary Fund met, on 22 July in Brussels, with the parent banks of systemically important Hungarian financial institutions (Erste Group Bank, RZB
Group, Intesa SanPaolo, KBC Group and Unicredit Group) as well as the largest domestic bank, OTP.
According to unconfirmed information the creditors, including RBS, Deutsche Bank and RZB
, have approved the proposed restructuring of the debt and the finalization of the sale deal.
Release date- 25042009 - Raiffeisen Zentralbank Osterreich AG (RZB
) yesterday successfully issued its third benchmark issue in 2009 with a volume of 1.5 billion euros.
Political parties: Party of Democratic Action (SDA); Social Democratic Party (SDP); Party for Bosnia and Herzegovina (SBiH); Croatian Democratic Union of BiH (HDZ-BiH); Croatian Democratic Union-1990 (HDZ-1990); Croatian Party of Rights-Djapic/Jurisic (HSP-D/J); Serb Democratic Party (SDS); Alliance of Independent Social Democrats (SNSD); Socialist Party of Republika Srpska (SPRS); Party of Democratic Progress (PDP); Serb Radical Party (SRS); National Democratic Union (DNZ); Democratic Peoples' Alliance (DNS); Bosnian Patriotic Party (BPS); Party for Work and Progress (RzB
); Nasa Stranka (NS).
Dubai: Emirates NBD, Commerzbank, ICICI Bank, ING Bank and Raiffeisen Zentral Osterreich (RZB
) completed the syndication of a $280 million term loan facility for Promsvyazbank, a commercial bank in Russia.