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21.11.06

Sale of Raiffeisenbank Ukraine closed.

Raiffeisen International Bank-Holding AG closed the sale of 100 per centof its shares in JSCB Raiffeisenbank Ukraine to OTP Bank Plc, Hungary,after all approvals by supervisory authorities had been granted. Thepurchase agreement had been signed on 1st June 2006.

Raiffeisenbank Ukraine (now CJSC OTP Bank) had a balance-sheet total ofmore than EUR 1.6 billion at the end of September 2006 and operated from42 business outlets. The sales price amounts to EUR 650 million. ForRaiffeisen International the sale produces an extraordinary gain ofabout EUR 470 million, which will be entered into the accounts of thefourth quarter.

With the sale of Raiffeisenbank Ukraine, Raiffeisen International didavoid the cost and time-intensive merger with Bank Aval, acquired in2005, which has been rebranded into Raiffeisen Bank Aval for severalweeks now. In addition, the sale accelerates the transformation processof Raiffeisen Bank Aval, namely its full integration into the Group(adaptation of systems, implementation of Group standards). RaiffeisenBank Aval, which is the second-largest bank in the Ukraine with abalance-sheet total of EUR 4.1 billion and 1,330 business outlets (bothfigures are from 30th September 2006), will continue to play a leadingrole in the fast growing Ukrainian banking market.

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Raiffeisen International operates one of the leading banking networks inCEE with subsidiary banks and leasing companies in 16 markets. More than11.7 million customers are attended to through more than 2,775 businessoutlets. In eight markets, the respective Network Bank ranks among thethree largest local banks. Representative offices in Lithuania andMoldova complement the Group''s presence in the region. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank Osterreich AG (RZB), which owns 70 per cent of the commonstock. The remaining 30 per cent is free float, the shares are traded onthe Vienna Stock Exchange. RZB is a leading corporate and investmentbank in Austria and the central institution of the Austrian RaiffeisenBanking Group, the country''s largest banking group.

Raiffeisen International''s balance-sheet total amounted to€ 50.3 billion at the end of the third quarter 2006 (plus 24 per cent compared with year-end 2005). Consolidated profit (after minorities) increased by 93 per cent to € 539 million, compared with the same period of 2005 (including the one-off effect related to the sale of the minority stake in Kazakh Bank TuranAlem).

For further information please contact Michael Palzer (+43-1-71707-1504, michael.palzer@ri.co.at) or Lars D. Hofer (+43-1-71 707-1930,lars.hofer@ri.co.at).http://www.ri.co.at, http://www.rzb.at

 

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