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RBI Gets Rid of Public Shareholder

Published: April 25, 2014; 18:47 · (Vindobona)

After tough negotiations with the Austrian financial market supervision, the Vienna-listed CESEE lender Raiffeisen Bank International repays about the half of the participation capital.

RBI Achieves Compromise With Austrian Financial Supervision Authorities / Picture: © Raiffeisen Bank

In February, RBI carried out its largest capital increase in its history. In total, RBI has issued shares worth € 2.78bn. The underlying reason behind the capital increase was the redemption of the participation capital, which is held by public and private investors. Above all, capital costs became too high. RBI had to pay an interest of 8.5%. Moreover, the European Banking Authority…

This article includes a total of 280 words.

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