Raiffeisen Bank International Commences Business Post-merger
Raiffeisen Bank International (RBI), part of Raiffeisen Zentralbank Österreich (RZB), has concluded its restructuring process. The merger of Raiffeisen International Bank-Holding (Raiffeisen International) with the spun-off principal business areas of RZB has become effective with its entry in the commercial register of the Vienna Commercial Court (Handelsgericht Wien).
RBI brings under one roof all of the markets previously addressed by Raiffeisen International and RZB, namely its corporate customer business in Austria and its network of banking and leasing subsidiaries in central and eastern Europe, complemented by corporate customer business in Asia and the world’s financial centres. RBI remains a part of the RZB Group, which is steered by RZB, the central institution of the Austrian Raiffeisen Banking Group.
“By taking this step, we have optimised RZB’s group structure and ensured that the entire group is ideally positioned for the future. Customers will benefit from being able to access our bundled product and service competence from a single source, and the step also makes it easier for RBI to access the debt and capital markets. Last but not least, we have managed to ensure that an Austrian majority shareholding can be maintained in this successful internationally-active banking group over the long term,” said Walter Rothensteiner, chief executive officer (CEO) of RZB and chairman of the supervisory board of RBI.