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08.06.11

Raiffeisen Bank International’s Annual General Meeting approves dividend distribution of over €204 million



  • Dividend of 1.05 per share
  • Authorisation for newly authorised capital granted
  • Authorisation to redeem the participation capital
  • Walter Rothensteiner re-elected to Supervisory Board

The Annual General Meeting of Raiffeisen Bank International AG (RBI), which was held today at the Austria Center Vienna, approved a dividend in the amount of 1.05 per share for the financial year 2010. Consequently, the total dividend disbursement amounts to 204.3 million, taking the companys own shares, which are not entitled to dividends, into consideration. The dividend will be paid to those shareholders who are entitled to dividends on16 June 2011.

For us, the year 2010 was marked by the merger of Raiffeisen International with the principal business areas of RZB. We used this past year to implement this important realignment. Despite the considerable extra efforts and expenses, we managed to post a profit for the year that was not only of a magnitude similar to the pre-crisis years, but was also the highest achieved by any Austrian bank in 2010, said Herbert Stepic, CEO of RBI.

Among other things, the Annual General Meeting voted to revoke the Management Boards authorisation, granted in 2007, regarding the not yet utilised portion of the authorised capital (sec. 169 of the Stock Corporation Act (Aktiengesetz)). In this context, the shareholders simultaneously granted authorisation for a new authorised capital issuable in return for cash and/or a contribution in kind while safeguarding the statutory subscription right. A corresponding amendment to the Articles of Association was approved.

In addition, RBIs Management Board received the authorisation to redeem the participation capital either in tranches or in its entirety, as well as to make the corresponding amendment to the Articles of Association. This decision, like the decision on authorised capital, are anticipatory resolutions that are intended to give the Management Board the flexibility it needs to respond quickly to future market developments.

In addition, the shareholders of RBI voted in favour of authorising the Supervisory Board to establish a Share Transfer Programme for the members of the Management Board.

The Chairman of the Supervisory Board, Walter Rothensteiner, was re-elected by the Annual General Meeting to RBIs Supervisory Board.

Todays Annual General Meeting, which gave shareholders the opportunity to exchange information and exercise their voting rights, attracted around 700 participants, making it once again one of the best-attended such events in Austrias recent capital market history.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.

RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus.

In total, around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE.

RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the head office of the entire RZB Group, including RBI.

For further information please contact Michael Palzer (+43-1-71-707-2828, michael.palzer@rbinternational.com) or Peter Klopf (+43-1-71-707-1930, peter.klopf@rbinternational.com)

www.rbinternational.com, www.rzb.at

 

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E-mail: pr@raiffeisen.ru

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