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RBI Raiffeisen Bank International

Raiffeisen Bank International to Raise Capital

Austrian RBI will increase capital be € 2.25bn in summer 2014. This step was already long-awaited. The shareholder structure will change substantially.

January 8, 2014

RBI: No Withdrawal from Hungary

Due to massive losses, the second-largest lender in CESEE was said to leave the difficult Hungarian market. RBI denies such reports.

January 8, 2014

Hungary: SZKB to Take over Hungarian RBI?

Hungarian Economy Minister Mihaly Varga considers it unlikely for Szecheny Commercial Bank (SZKB) to take over the Hungarian affiliate of Raiffeisen Bank International (RBI).

January 8, 2014

Growing Evidence for RBI’s Withdrawal from Hungary

According to media reports, Hungarian partly nationalized Szechenyi Commercial Bank has placed an offer for the take-over of RBI’s Hungarian affiliate.

January 7, 2014

Hungary: Erste Group Confident

The third-largest lender in CESEE underlined that the Hungarian subsidiary will not be sold. The Austrian bank is confident to reach the turnaround soon.

January 6, 2014

First Offer for RBI´s Hungarian Subsidiary

The partly nationalized Hungarian lender Szechenyi Bank is interested in the Hungarian subsidiaries of the Austrian banks Erste Group and Raiffeisen Bank International.

January 6, 2014

Austrian and Germans Offered Most for Bulgarian Schuldschein

Average interest rates for Bulgarian Schuldschein loan range between 3.4 to 4.6 percent. Austrian and German investors offered most of the € 290m loan.

December 23, 2013

RBI CEO under Suspicion of Prosecution against Corruption

Karl Sevelda, CEO of Raiffeisen Bank International (RBI), is suspected of having sold company’s shares of a commodity trader below their value. The prosecution in Vienna is now searching Sevelda’s office.

December 18, 2013

Austria: Major Banks Exhibit Significant Shortages in Core Capital Quota

Both Erste Group’s and RBI’s core capital quota is below the European average.

December 17, 2013

Hungary: Good News for Banks in Forex Proceedings

Banks operating in Hungary can feel relieved by the Supreme Court’s judgement.

December 16, 2013

Slovenia: Haircut for Junior Bondholders

Subordinated bond holders of the state-owned Slovenian banks will lose their investments completely. This is part of the recapitalization scheme.

December 14, 2013

Positive Respond to Slovenian Bank Recapitalization Plans

The European Bank for Reconstruction and Development responds positively to the results of the asset quality review of Slovenian banks and the corresponding plans of the government.

December 13, 2013

Slovenia: Bank Bailout Plan Is Completed

Tomorrow, December 12, the results of the bank asset review will be published. The next steps have been determined already in advance.

December 11, 2013

EU Demands € 55bn for Banking Union

The Finance Ministers of the European Union are still negotiating about a mechanism aimed at preventing states from having to take over financial difficulties from banks, the banking union.

December 9, 2013

Austrian Banking Sector: € 35bn NPL

Due to the gloomy economic situation in CESEE and the stagnating domestic economy, Austrian banks suffer from growing non-performing loans.

December 9, 2013

Major Changes in Hungarian Banking Industry Ahead

The Hungarian government comes closer to its objective. Foreign banks are leaving the country step by step.

December 7, 2013

Bond Swap at Raiffeisen

RBI offers bond holders of RCB to swap their debenture bonds to promissory notes.

December 2, 2013

Raiffeisen Bank International Negotiates with Alfa Bank

Vienna-listed RBI wants to leave Ukraine. RBI´s subsidiary Bank Aval may be sold to Alfa Bank.

November 30, 2013

Sevelda: „We Are Close to the Breaking Point“

In a guest comment published by the Austrian business magazine Format, CEO of Raiffeisen Bank International Karl Sevelda refers to the high burden for Austrian banks.

November 29, 2013

RBI Calls for Better SME Financing in Europe and CEE

RBI CEO Karl Sevelda calls for improvement of SME financing.

November 28, 2013

RBI Faces Austerity Measures.

Raiffeisen Bank International (RBI) does not take into consideration capital increase.

November 27, 2013

Raiffeisen Bank International AG / Quarterly Report

Raiffeisen Bank International AG / Quarterly Report

November 27, 2013

RBI: Profits Decline by More than Half

Raiffeisen Bank International with consolidated profit of € 411 million in the first three quarters 2013.

November 27, 2013

CESEE: Austrian Banks Face New Challenges

For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.

November 26, 2013

Slovenia: Stress Tests Result Published on December 13

Bostjan Jazbec, governor of the Slovenian National Bank (SNB), is optimistic that no Slovenian bank will have to be liquidated.

November 23, 2013

RBI: Fresh Money for Slovenian Subsidiary

Raiffeisen Bank International, the third biggest lender in CESEE, injects € 10m into the Slovenian subsidiary.

November 21, 2013

Hungary: Banks Penalized for Lobbying

The Hungarian competition authority GVH has imposed a penalty running in the millions on domestic and foreign banks.

November 20, 2013

Raiffeisen Bank International: Sale of Hungarian Affiliate No Taboo Anymore

As reported by Vindobona, Vienna-listed RBI is examining offers for the Hungarian subsidiary. For RBI, Hungary is the biggest loss-maker.

November 20, 2013

RBI Examines Sale Offers in Hungary

Apart from the withdrawal from Ukraine, Raiffeisen Bank International (RBI) considers an exit from Hungary.

November 19, 2013

Austrian Banking Sector: Austerity Ahead

In order to comply with the regulatory capital framework, Austrian banks cut costs radically

November 18, 2013

RBI: Sale of Raiffeisen Bank Aval Not Fixed

In light of current media reports Raiffeisen Bank International AG (RBI) is clarifying its position in relation to coverage about its intention to sell certain operations.

November 18, 2013

RBI Approves Participation in Bad Bank for Hypo

CEO of RBI Sevelda expects Austrian government to set a time limit for bank levies until the end of 2016.

November 18, 2013

RBI Considers Leaving Ukraine

The second-biggest lender in the CESEE region, Austrian Raiffeisen Bank International, confirms the intention to sell the Ukrainian affiliate Aval.

November 17, 2013

Romania: Key Rate Cut Again

The most recent cut was the fourth in a row since the beginning of July. Experts forecast the rate cutting cycle to stop in the first quarter next year when the country’s key rate is supposed to stand at 3.5 percent.

November 6, 2013

Banking Sector: Difficulties in Croatia Ahead

In order to protect indebted home-owners, the Croat parliament will resolve a new bank act. Like in Hungary, foreign-exchange-based mortgage should be converted at the expense of banks.

November 6, 2013

Hungary: Parliament Resolves Bank Act

The Hungarian banking sector, which is dominated by Austrian banks, faces new difficulties.

November 5, 2013

RBI: Rothensteiner Opposed Payout Block

The head of the Raiffeisen Centrobank and Chairman of RBI’s (Raiffeisen Bank International) supvervisory board Walter Rothensteiner is critical of a capital increase by a payout block.

October 31, 2013

Austrian Banking Sector: NPL at Eurozone´s Top

In the Eurozone, the non-performing loans are still growing. In total, 7.8% of the loan portfolio is risky. Austrian banks are significantly above the average.

October 30, 2013

Hungary: Conflict with Banks Sharpens

Hungary´s Minister of Finance Mihaly Varga rejects the proposal submitted by the banking association.

October 29, 2013

RBI Discussing New Ways of Global Banking Regulations

RBI welcomes global finance at the ICC Banking Commission Meeting 2013.

October 24, 2013

Austrian Banks Expected to Pass Auditing

According to the financial supervisors, the Austrian banks are likely to pass the ECB’s (European Central Bank) auditing since there are no significant adjustment requirements.

October 23, 2013

Hypo Group Reigned by Greed and Criminal Activities

In an interview with Austrian daily “Standard“ forensic expert of nationlized Hypo Group Christian Böhler revealed that former managers of the bank enriched themselves personally.

October 21, 2013

RBI Considers Participation in Hypo Group’s Bad Bank

In a radio interview with “Ö1”, Karl Sevelda, CEO of Raiffeisen Bank International (RBI), announced that he regards a particpation of his bank as possible.

October 18, 2013

Austria: RBI Expects Stabilization

Business in CEE seems to be in an up again. RBI is preparing for an IPO at the Warsaw stock exchange.

October 17, 2013

Eurozone: Banking Union Approved

From autumn 2014 on, the European Central Bank (ECB) will directly supervise 130 major banks within the Eurozone.

October 16, 2013

Russian and Ukrainian Oligarchs Interested in RBI’s Affiliate

The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has become the object of desire for Russian billionaire Fridman and Ukrainian banker Lagun.

October 15, 2013

RBI May Pay Back State Aid Sooner

For Austrian Raiffeisen Bank International, the state aid becomes more and more expensive. The repayment will take place before 2017, insiders report.

October 14, 2013

FX Loans: ECB Warns Hungary

ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.

October 14, 2013

Romania: “Aggressive Rate Cuts Likely”

In view of the accelerating disinflation in Romania, Vienna-listed RBI (Raiffeisen Bank International) expects the monetary policy to be eased further.

October 12, 2013

RBI Issues EUR 500 Million of Supplementary Capital

Strengthening of capital structure provided by this measure.

October 10, 2013