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24.10.07

RZB launches capital increase

On Friday, 26 October 2007, Raiffeisen Zentralbank Osterreich AG (RZB) will launch its capital increase, which has been decided by RZBs Supervisory Board a few weeks ago. Up to 265,035 new shares will be issued at 600 euros per share and an exchange ratio of 21:1. This corresponds to an increase of the nominal capital of up to 19.26 million euros or 4.76 per cent to a maximum of 423.72 million euros. A full subscription would result in a capital increase of 159 million euros.

RZBs rapid growth as well as its outstanding results over the past years proves that we are on the right track. This growth is based on a strong financial basis, which now gets strengthened even further. The capital increase therefore contributes to RZBs successful development, said RZBs CEO Walter Rothensteiner. He also emphasized that the capital increase strengthened RZBs status as the only globally acting local bank in full Austrian ownership.

Subscription period ends on 12 November

The new shares are qualified for dividend starting 1 January 2008. Based on the last dividend of 20.70 euros per share, this would result in a pre-tax yield of the paid-up capital of 9.3 per cent. The subscription period ends on 12 November, all current shareholders of RZB are beneficiaries.

Raiffeisen Zentralbanks Shareholders

Stake*

Raiffeisenlandesbank NO-Wien

31.37%

Raiffeisen-Landesbank Steiermark

14.92%

Raiffeisenlandesbank OO 

14.92%

Raiffeisen-Landesbank Tirol

5.84%

Raiffeisenverband Salzburg

5.79%

Raiffeisenlandesbank Kernten

5.63%

Raiffeisenlandesbank Burgenland

4.62%

Raiffeisenlandesbank Vorarlberg

4.59%

Zveza Bank

0.04%

Total Regional Raiffeisen Banks**

87.70%

OVAG

5.11%

UNIQA Versicherungen AG 

2.62%

RWA Raiffeisen Ware Austria

2.56%

Hypo Investmentbank AG 

1.20%

Landeshypothekenbank Steiermark AG 

0.63%

Other

0.01%

Total other than Regional Raiffeisen Banks

12.30%

Total

100.00%

* Ordinary and preference shares held directly or indirectly.
** 81.19 percentage points of which held by R-Landesbanken-Beteiligungs-GmbH.

Solid own funds

Compared with year-end 2006, RZBs total own funds have increased by 5.5 per cent to 8,035 million euros on 30 June 2007. The group showed an excess-cover ratio of 26.7 per cent at 30 June. The own-funds ratio amounted to 10.1 per cent, the core-capital ratio to 8.1 per cent. In total, RZB therefore shows a healthy capital base sufficient for its medium-term plans.

RZBs strong roots in Austria are also reflected in its ratings: Standard & Poors assigned to RZB a long-term rating of and A+ and A(1) for the short-term, Moodys rated RZB Aa2 and P(1).

Raiffeisen Zentralbank Osterreich AG (RZB) is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group. It is a leading corporate and investment bank in Austria and also considers Central and Eastern Europe (CEE) as its home market. RZB is the only Austrian bank with a global network of business units reaching all important finance centres around the globe. It is also present in Asia via its branches and representative offices.

Via listed subsidiary Raiffeisen International Bank-Holding AG, RZB operates one of the largest banking networks in CEE. 18 markets are covered by subsidiary banks, finance leasing companies, two representative offices and a number of financial services providers. Approximately 13 million customers are attended to through more than 3,000 business outlets.

For further information please contact Andreas Ecker-Nakamura (+43-1-71 707-1753, andreas.ecker@rzb.at) or Wilfried Stoeckl (+43-1-71 707-1959, wilfried.stoeckl@rzb.at). http://www.rzb.at/, http://www.ri.co.at/

 

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E-mail: pr@raiffeisen.ru

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