The FINANCIAL — Today's official start of business activity for Raiffeisen Bank International (RBI) strengthens the market position of RBI, which is the most significant participation of the group headed by Raiffeisen Zentralbank Österreich AG (RZB), and marks the successful conclusion of a future-oriented restructuring process.
The merger of Raiffeisen International Bank-Holding AG (Raiffeisen International), now RBI, with the spun-off principal business areas of RZB has become effective with its entry in the commercial register of the Vienna Commercial Court (Handelsgericht Wien).
“By taking this step, we have optimized RZB's group structure and ensured that the entire Group is ideally positioned for the future. Customers will benefit from being able to access our bundled product and service competence from a single source, and the step also makes it easier for RBI to access the debt and capital markets. Last but not least, we have managed to ensure that an Austrian majority shareholding can be maintained in this successful internationally-active banking group over the long-term,” said Walter Rothensteiner, CEO of RZB and Chairman of the Supervisory Board of RBI.
“RBI will bring together the strengths of Raiffeisen International as a leading banking group in Central and Eastern Europe and those of RZB as a top product developer with an excellent positioning in the corporate business segment,” said Herbert Stepic, CEO of RBI. “This merger strengthens us to the benefit of our clients and business partners, both of whom will profit from our optimized offering of products and services.”
RBI brings under one roof all of the markets previously addressed by Raiffeisen International and RZB, namely, its corporate customer business in Austria and its extensive network of banking and leasing subsidiaries in Central and Eastern Europe, complemented by corporate customer business in Asia and the world’s financial centres. RBI remains a part of the RZB Group, which is steered by RZB, the central institution of the Austrian Raiffeisen Banking Group.
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