Raiffeisen Bank International (RBI) is an Austrian banking group and a central institution of the
Raiffeisen Banking Group Austria (RBG). The bank is listed on the
Vienna Stock Exchange
en, Viennese
, iso_code = AT-9
, registration_plate = W
, postal_code_type = Postal code
, postal_code =
, timezone = CET
, utc_offset = +1
, timezone_DST ...
, with RBG's regional banks its major
shareholders
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner ...
.
RBI was a subsidiary of
Raiffeisen Zentralbank
Raiffeisen Zentralbank Österreich A.G. was the central institution of the Raiffeisen Banking Group Austria (RBG). The central bank was merged with its subsidiary Raiffeisen Bank International in 2017.
It functions as the group centre for the ...
(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
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...
as one of the 126 banking groups.
History
Formerly a subsidiary of
Raiffeisen Zentralbank
Raiffeisen Zentralbank Österreich A.G. was the central institution of the Raiffeisen Banking Group Austria (RBG). The central bank was merged with its subsidiary Raiffeisen Bank International in 2017.
It functions as the group centre for the ...
, Raiffeisen Bank International operates a banking network mainly in
Central
Central is an adjective usually referring to being in the center of some place or (mathematical) object.
Central may also refer to:
Directions and generalised locations
* Central Africa, a region in the centre of Africa continent, also known as ...
and
Eastern Europe
Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russ ...
, although also maintains operations in
Western Europe
Western Europe is the western region of Europe. The region's countries and territories vary depending on context.
The concept of "the West" appeared in Europe in juxtaposition to "the East" and originally applied to the ancient Mediterranean ...
. 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
Capital may refer to:
Common uses
* Capital city, a municipality of primary status
** List of national capital cities
* Capital letter, an upper-case letter Economics and social sciences
* Capital (economics), the durable produced goods used f ...
, 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
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
branch. Two years later, its
Xiamen
Xiamen ( , ; ), also known as Amoy (, from Hokkien pronunciation ), is a sub-provincial city in southeastern Fujian, People's Republic of China, beside the Taiwan Strait. It is divided into six districts: Huli, Siming, Jimei, Tong'an, ...
branch and
Harbin
Harbin (; mnc, , v=Halbin; ) is a sub-provincial city and the provincial capital and the largest city of Heilongjiang province, People's Republic of China, as well as the second largest city by urban population after Shenyang and largest ...
office closed. In 2016, Raiffeisen Banka d.d. of Slovenia (which was renamed KBS Banka and merged with another bank to become Nova KBM) was sold to
Apollo Global Management
Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, ...
and the
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...
.
On 18 March 2017, Raiffeisen Bank International merged with Raiffeisen Zentralbank Österreich; the merger was approved at a January 2017
extraordinary general meeting
An extraordinary general meeting, commonly abbreviated as EGM, is a meeting of members of an organisation, shareholders of a company, or employees of an official body that occurs at an irregular time.' The term is usually used where the group wou ...
of RBI's shareholders. The bank suspended the initial public offering of its subsidiary, Raiffeisen Bank Polska, in mid-2017.
Locations
* Europe
** Albania
** Belarus
** Bosnia and Herzegovina
** 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
** United States
Former locations
* Europe
** Bulgaria (exited in 2022)
Belarus
In June 2020, Raiffeisen Bank International arranged
Belarus
Belarus,, , ; alternatively and formerly known as Byelorussia (from Russian ). officially the Republic of Belarus,; rus, Республика Беларусь, Respublika Belarus. is a landlocked country in Eastern Europe. It is bordered by R ...
ian government bonds worth over . By then, opposition Belarusian presidential candidates, demonstrators, and journalists had been arrested by the regime of
Alexander Lukashenko
Alexander Grigoryevich Lukashenko (as transliterated from Russian language, Russian; also transliterated from Belarusian language, Belarusian as Alyaksand(a)r Ryhoravich Lukashenka;, ; rus, Александр Григорьевич Лука ...
amid mass
protests
A protest (also called a demonstration, remonstration or remonstrance) is a public expression of objection, disapproval or dissent towards an idea or action, typically a political one.
Protests can be thought of as acts of coopera ...
.
Pavel Latushko
Pavel Pavlovich Latushko (, ; born 10 February 1973) is a Belarusian politician and diplomat. He was the Minister of Culture of the Republic of Belarus from 2009 to 2012. In March 2023, a Belarusian court sentenced him in absentia to 18 years' i ...
of the opposition
Coordination Council Coordination Council may refer to:
* Coordination Council (Afghanistan)
* Coordination Council of Leftist Forces, a political alliance in Azerbaijan
* Coordination Council (Belarus), an opposition council of Belarusians aiming to transfer power fr ...
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.
Bulgaria
In November 2021, Belgium-based
KBC Bank
KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank ...
and Raiffeisen Bank International reached an agreement for KBC to acquire 100% of the shares of Raiffeisenbank (Bulgaria) EAD, comprising RBI’s Bulgarian banking operations. In March 2022, Bulgaria's competition regulator said that it gave the green light to KBC Bank, a unit of financial group KBC, to acquire 100% direct interest in Raiffeisenbank Bulgaria and indirect control of the target company's wholly-owned units Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker, and Raiffeisen Service. The transaction was completed on 7th of July 2022 and marked the exit of Raiffeisen from the Bulgarian market.
Serbia
In August 2021,
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...
S.A. announced the signing of an agreement to sell
Crédit Agricole Srbija
RBA bank ( sr-Cyrl, РБА банка, translit=RBA banka), formerly Crédit Agricole Srbija, with headquarters in Belgrade, is a member of Raiffeisen Group one of the largest banking groups in the world.
RBA bank is a Bank with a focus on Reta ...
A.D. to Raiffeisen banka A.D., Serbia, a fully-owned subsidiary of Austrian Raiffeisen Bank International AG. In accordance with the prior consent of the National Bank of Serbia, Raiffeisen banka a.d Beograd has become the sole owner of Credit Agricole banka Srbija a.d. Novi Sad on April 1st, 2022, taking over from Credit Agricole s.a. Paris as the former owner. As a result of the transaction, Credit Agricole bankа Srbija has become a member of the Raiffeisen group. The joint share of the two banks in the Serbian market will be around 12%. After the merger with Crédit Agricole bank, the loan portfolio of Raiffeisen banka is expected to reach almost € 3 billion and the client base to exceed one million. The merger of Raiffeisen banka a.d. Beograd and Crédit Agricole Srbija A.D. Novi Sad is expected to be completed by the end of the second quarter of 2023.
See also
*
Crédit Agricole
Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...
S.A., French counterpart of French co-operative banks
*
ICCREA Banca
ICCREA Group known formerly as Istituto Centrale delle Casse Rurali ed Artigiane, is a central institution of Italian credit unions and rural savings banks. The holding company of the group was ICCREA Holding (from 1995 to 2016), while ICCREA Banca ...
S.p.A., Italian counterpart of Italian co-operative banks
References
External links
*
Vienna Stock Exchange: Market Data Raiffeisen Bank International AG
{{Authority control
Companies based in Vienna
Banks established in 1927
Austrian brands
Companies listed on the Wiener Börse
Multinational companies headquartered in Austria