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30.03.05

Capital increase of Raiffeisen International subsidiaries due to thedynamic development in Central and Eastern Europe.

Raiffeisenbank (Bulgaria) EAD, Sofia and Raiffeisen Bank S.A.,Bucharest, fully consolidated subsidiaries of Raiffeisen InternationalBank-Holding AG (Raiffeisen International), increase their capital basesfor the purpose of supporting further growth. Raiffeissenbank EADincreases the supplementary capital by EUR 10 Million in the form of adebt-capital hybrid instrument while Raiffeisen Bank in Romania raisesits share capital from ROL 10,520.43 billion to ROL 11,962.59 billion(EUR 329.5 million) by issuing new shares.

“Central and Eastern Europe (CEE) is and remains one of the fastest developing areas worldwide and its financial sector is growing superproportional. Within this fast pacing environment, the development of Raiffeisen International is clearly above the average – Raiffeisenbank EAD and Raiffeisen Bank S.A. prove this impressively”, explains Herbert Stepic, Chairman of the Managing Board of Raiffeisen International and Deputy Chairman of Raiffeisen Zentralbank Oesterreich AG (RZB).

In 2004, the Bulgarian subsidiary significantly improved its marketposition. The bank has registered a record high assets growth (+ 137%)as profit after tax rose 77 per cent. At the same time, the Romaniansubsidiary consolidated its strong position in the Romanian bankingmarket and reached a market share of 9.1 per cent according to totalassets which makes it the third largest bank. Meanwhile, the bank showsa healthy and sustainable development, clearly underlining the successin turning around after the purchase of shaky Banca Agricola in 2001. Atyear-end 2004 the number of new customers increased by more than 500,000to approximately 1.6 million.

Raiffeisen Bank S.A. is a top universal bank on the Romanian market. Ithas been established in 2002 through the merger of Banca Agricola andRaiffeisenbank (Romania). The bank currently holds 850,000 debit andcredit cards and disposes of a network of 205 banking outlets, 680 ATMsand more than 4,900 POS. Raiffeisenbank (Bulgaria) E.A.D. Sofia, wasestablished in 1994. In 2004, Raiffeisenbank has continued to expand itsbranch network by 15 newly opened offices increasing the total number ofbusiness outlets to 52. Both banks are subsidiaries of RaiffeisenInternational, the holding company for RZB’s participations in CEE, managing a network of 15 subsidiary banks with more than 920 business outlets in the region. Its network banks rank among the three largest banks in seven CEE markets. Raiffeisen International is a fully consolidated subsidiary of Vienna basedRZB, a leading corporate and investment bank in Austria and the central institution of the Raiffeisen Banking Group, Austria''s most powerful banking group.

 

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