Raiffeisen Bank International AG (RBI) is now also repaying the privately-placed participation capital in full. On 6 June 2014, RBI paid back the state-held tranche of the participation capital with a nominal value of Ђ 1.75 billion. On 10 September, the repayment of the outstanding participation capital held by private investors with a nominal value of Ђ 0.75 billion will follow.
The repayment takes place against the background of a solid capital position as well as a changed regulatory environment, in which the participation capital is only partially recognized during a transitional period and thereafter will no longer be attributable to common equity tier 1 capital. A capital increase of Ђ 2.78 billion at the beginning of this year formed the basis for the repayment. On 30 June 2014, RBI‘s Common Equity Tier 1 Ratio amounted to 12.1 per cent (10.4 per cent on a fully-loaded basis including all Basel III requirements).
In retrospect, RBI’s participation capital turned out to be an excellent investment. Including the dividend payments for 2013, RBI paid Ђ 700 million of dividends to the Republic of Austria. The private participation capital investors received dividends of Ђ 300 million up to now, including those for 2013.
Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 15 markets of the region are covered by subsidiary banks. Additionally, the Group comprises numerous other financial service providers, for instance in the fields of leasing, asset management as well as, mergers and acquisitions.
RBI is the only Austrian bank with a presence in both the world’s financial centers and via branches and representative offices in Asia, the Group’s further geographical area of focus.
In total, more than 56,000 employees service 14.6 million customers through over 2,900 business outlets, the great majority of which are located in CEE.
RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Цsterreich AG (RZB). RZB indirectly owns around 60.7 per cent of the shares, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the head office of the entire RZB Group, including RBI.
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