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Wednesday, 28 December 2011

RZB shareholders' general meeting resolves the issuance of participation capital

Raiffeisen Zentralbank Österreich AG (RZB) held an extraordinary shareholders' general meeting today. At the meeting, the decision was reached to issue participation capital amounting up to 600 million euros. The subscription period for this participation capital will end on 29.12.2011 at 5:00 p.m. (CET). The freshly-issued participation capital will be used in particular be used to purchase shareholdings that Raiffeisen Regional Banks (Raiffeisenlandesbanken) currently hold in network banks in Central and Eastern Europe.

This measure ensures that the RZB Group's structure is optimized and at the same time improves its capital position according to the provisions of Basel III, whose equity stipulations recognize the minority shareholdings of other shareholders as own funds only to a limited extent. This will already be the case as of 2013, as the Austrian banking regulators have decided to implement Basel III earlier than originally planned.

At the same time, the extraordinary shareholders' general meeting revoked an existing anticipatory resolution regarding authorized capital and newly passed the resolution with a slightly changed wording that makes the exclusion of subscription rights possible.

* * * * *

Raiffeisen Zentralbank Österreich AG (RZB) is the central institution of the Raiffeisen Banking Group Austria (RBG), head of the RZB Group and the service unit for the Raiffeisen sector in Austria. As an organizer of synergies and joint solutions, RZB functions as the key link between RBG and Raiffeisen Bank International (RBI).

RZB holds approximately 78.5 per cent of the shares in its listed subsidiary RBI. It owns the largest banking network in Central and Eastern Europe via RBI. Subsidiary banks, leasing companies and a range of other financial service providers cover the 17 markets in this region. In total, around 60,000 employees service about 13.7 million customers through around 2,000 business outlets, the great majority of which are located in CEE.

28.12.2011 -		RZB shareholders' general meeting resolves the issuance of participation capital

09.12.2011 -		EBA shortfall for RZB Group set at approximately 2.1 billion euros

24.11.2011 -		Raiffeisen Bank International's nine-month profit before tax exceeds € 1 billion

18.11.2011 -		Positive business development raises the RZB Group's EBA shortfall

08.11.2011 -		Raiffeisen Research sees continued growth potential in CEE banking sector under new convergence model

21.10.2011 -		RBI acts as Joint Lead Manager and Bookrunner for EUR 180 million debut Eurobond issue by Polish State Railways

13.10.2011 -		190,000 euros for East Africa aid

10.10.2011 -		Raiffeisen Bank International statement following today's announcement by Erste Group

10.10.2011 -		Raiffeisen Bank International receives additional EMEA Finance award

05.10.2011 -		CEE growth negatively affected by eurozone debt crisis and global economic slowdown

29.09.2011 -		European debt crisis dominates global markets

22.09.2011 -		Priorbank celebrates 5th anniversary of working with SMEs

26.08.2011 -		Raiffeisen Bank International's consolidated profit in the first half of 2011 rises by nearly one-third to € 615 million

29.07.2011 -		RBI lead manages USD 200 million Eurobond issued by Credit Bank of Moscow

20.07.2011 -		ZUNO BANK starts operations in the Czech Republic

18.07.2011 -		Raiffeisen and MasterCard bring contactless payment to Austria

15.07.2011 -		Raiffeisen Bank International clearly passes EU-wide stress test

15.07.2011 -		Raiffeisen Bulgaria signs guarantee agreement with European Investment Fund to support SME lending

11.07.2011 -		Euromoney awards RBI for being the best regional bank in CEE

06.07.2011 -		CEE’s differentiated upswing to broaden across the region in 2012