Yesterday Raiffeisenbank completed its placement of an additional shares issue with a total nominal value of more than 14 882 million rubles. The quantity of securities placed was 14 882 standard named un-certificated shares of the ZAO Raiffeisen Bank. The nominal value of the placement of one additional share was 1 004 000 rubles. All 100% of the shares of the additional issue were bought out by Raiffeisen International Bank Holding AG.
Upon the completion of all the necessary registration procedures, the authorized capital of Raiffeisen Bank will have increased by 68% to 36 711 million rubles.
Pavel Gurin, the Deputy Chairman of the Board of Raiffeisenbank, noted that «The decision to increase the authorized capital of the bank not only highlights the confidence that our shareholders have in the Russian market, but also the importance of the ZAO Raiffeisenbank within the group Raiffeisen International, and the desire to maintain the organic growth of the bank».
This was the first increase in authorized capital since the merger between the ZAO Raiffeisenbank Austria and the OAO IMPEXBANK. Before that, the last increase in the authorized capital of Raiffeisenbank Austria occurred on 29th January 2007, by 10 040 million rubles to 17 374 million rubles. The Central Bank of the Russian Federation registered the authorized capital of Raiffeisenbank through the issue of additional shares which were acquired by shareholders of the bank.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned bank in Russia, ranking 7th in terms of assets among top Russian banks based on 1H 2008 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1H 2008 results.
Raiffeisen International operates one of the largest banking networks in CEE. 17 markets of Europe’s growth region are covered by subsidiary banks, finance leasing companies and a number of other financial service providers. Over 14 million customers are attended to through more than 3,000 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 68.5 per cent of the common stock. The balance is free float, the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.