RBI Raiffeisen Bank International

RBI Shares Shoot Up 9.6 Percent after Preliminary Figure Statement

After presenting preliminary figures, Raiffeisen Bank International (RBI)’s share price shot up in morning trade on Vienna Stock Exchange, soaring 9.59 percent to EUR 12.40 (USD 13.46).

February 2, 2016

RBI: Preliminary 2015 Consolidated Profit of EUR 383 Million

Raiffeisen Bank International AG (RBI) announces a preliminary 2015 consolidated profit of EUR 383 million. This is above the guidance previously given, primarily due to lower than expected net provisioning for impairment losses of EUR 1,266 million, 28 percent below 2014. This development was spread across a number of markets. General administrative expenses were EUR 2,915 million, 4 per cent below the prior year. Transformation program costs in 2015 were approximately EUR 90 million, in line with guidance. FY 2015 guidance had also included goodwill impairment charges and risk costs amounting to EUR 124.1 million, which were reallocated to FY 2014 in the course of a restatement.

February 2, 2016

Raiffeisen has Hundreds of Millions at Risk in China

Stock market slump and worries about economic development in China are worrying also for European bankers. Raiffeisen has for some time been planning to withdraw from its Chinese business. As of the end of September 2015 RBI had an exposure of EUR 2.4 billion in China, currently it is a bit less. If a serious crisis erupts in China, defaults could take place in case of corporate loans worth EUR 450 million.

January 13, 2016

RBI Has Turned Loans into Securities

Raiffeisen Bank International (RBI) bank has turned loans to the tune of EUR 1 billion (USD 1.08 billion) via its Czech subsidiary Raiffeisenbank a.s. into securities. Thanks to that measure the bank’s tier1 ratio rose by 10 base points (0.1 percentage points, it was announced on Friday. The common equity tier1 fully loaded ratio amounted to 10.8 percent at the end of Q3.

December 21, 2015

RBI Would Be Partially Affected by Proposals on FX Loans

The additional capital requirements on account of unsecured foreign exchange credits, proposed by the Basel committee for bank supervision, ought to have little impact on the balance sheets of Austrian banks, it follows from a survey conducted by APA. Only Raiffeisen Bank International (RBI) is currently still using the standard approach, to which the committee’s proposal refers to.

December 15, 2015

RBI Sells Slovenian Subsidiary to US Private Equity Firm Apollo

Raiffeisen Bank International AG (RBI) has reached an agreement to sell its Slovenian bank, Raiffeisen Banka d.d., to Biser Bidco, which is managed by an affiliate of Apollo Global Management, LLC. The purchase price has not been disclosed. The expected deconsolidation effect on RBI’s consolidated result will amount to minus EUR 49 million.

December 10, 2015

EBRD to Become 30 Per Cent Shareholder in Raiffeisen Bank Aval

The European Bank for Reconstruction and Development (EBRD) is about to become a 30 per cent shareholder in Raiffeisen Bank Aval JSC (RBA), a leading universal bank in Ukraine and a subsidiary of Raiffeisen Bank International AG (RBI), under an agreement signed in Kiev today.

November 25, 2015

Citi to Advise RBI on Polbank Sale

Raiffeisen Bank International (RBI) wants to restart the process of sale of the Polish subsidiary Polbank in the coming days. RBI has ordered investment bank Citi to look for potential buyers.

November 24, 2015

RBI Does Not want to Sell Russian Arm

Raiffeisen Bank International (RBI) affirmed that it did not plan to sell its Russian arm, repudiating press rumours. "We have no intention of selling Raiffeisenbank Russia,” the bank told Reuters. The Russian arm contributes a lot to the result of the bank concern, it was stressed.

November 17, 2015

RBI Eyes 20-25 Pct Cost Cuts

Listed bank RBI, a unit of Raiffeisen group, sees the 20-25percent cost cuts target announced by RLB NÖ-Wien head and RZB supervisory board chair Erwin Hameseder a few weeks ago as absolutely in line with RBI own plans, RBI CEO Karl Sevelda said at a teleconference. The cost reduction programme will cost EUR 550 million.

November 13, 2015