RBI Could Raise More Than € 3bn

Professional ServicesBanks ♦ Published: June 8, 2011; 14:36 ♦ (Vindobona)

The Austrian bank prepares for issuing up to 97.75 million new shares. The company has not yet set a timetable for redemption of capital injected by the state.

RBI Could Raise More Than € 3bn / Picture: © Raiffeisen Bank International AG / S. Klimpt

In today’s annual general meeting of Raiffeisen Bank International (RBI), the company seeks authorization by the shareholders to increase its capital. RBI will be authorized to issue up to 97.75 million new shares within five years. At the share’s latest market price this corresponds to € 3.4bn.

In the morning the shares of RBI stood at € 35.2. The unused portion of the…