RZB to Increase Capital

Business › n.a. ♦ Published: April 20, 2012; 11:07 ♦ (Vindobona)

In order to cover its capital shortfall, RZB (Raiffeisen Zentralbank plans a capital increase of € 840m. Participation capital will turn into core Tier 1 capital as per EBA definition.

RZB to Increase Capital / Picture: © Raiffeisen Bank International AG / S. Klimpt

At the Annual General Meeting on 23 May 2012, the Management Board of Raiffeisen Zentralbank Österreich AG (RZB) will propose the withdrawal of approximately € 840m in participation capital. The participation capital in question was issued by RZB from 2008 to 2011 and is held by its owners. This repurchase will be financed with fresh capital in the amount of approximately € 840m,…

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