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Austria: RZB’s Share in RBI Drops Dramatically

Published: January 28, 2014; 12:08 · (Vindobona)

The share of Raiffeisen Zentralbank (RZB) in its affiliate Raiffeisen Bank International (RBI) drops dramatically after the capital increase.

Austria: RZB’s Share in RBI Drops Dramatically / Picture: © Raiffeisen Bank International / K. Keinrath

After the first tranche of the capital increase in RBI RZB’s share dropes from almost 79 percent to 64 percent, as published by RBI today. RZB announced participating in a Pre-Placement. However, the bank will not accept the offer for existing shareholders of RBI.

By the capital increase RBI is preparing for the more stringent regulations of the supervision authorities. With the fresh capital, RBI intends to pay back state participation, which, according to the Basel-III regulations will not count as core capital.

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