RAIFFEISEN INTERNATIONAL

Location:

Project number:

33058

Business sector:

Depository Credit (banks)

Notice type:

Private

Environmental category:

FI

Approval date:

19 Oct 2004

Status:

Completed

PSD disclosed:

08 Oct 2004

roject Description

Equity investment in Raiffeisen International Bank-Holding AG (RI) to acquire up to 4% of the company’s equity and voting rights. Funds will be used to strengthen the equity base of existing operations, for acquisitions to support consolidation and investments in new countries, as well as for the upgrade of operational structures such as IT systems, product development and distribution channels, particularly the expansion of the regional presence in each country.

Transition Impact

The transition impact potential of the project lies on the use that RI will make of the additional capital in terms of increasing financial intermediation in the region through its subsidiaries. RI’s activities in these markets will promote banking intermediation, product innovation and eventually consolidation.

The Client

RI is a 100% subsidiary of Raiffeisen Zentralbank Österreich AG and is a holding company of 15 banking and 11 leasing subsidiaries with presence in 15 countries of CEE and CIS. As at June 2004, RI recorded total assets of € 25.5 billion and equity of € 1.2 billion.

EBRD Finance

Equity investment of €100 million.

Project Cost

€ 100 million.

Environmental Impact

RI will implement EBRD's Environmental Procedures for Financial Intermediaries across the full range of activities of its subsidiaries and ensure that EBRD’s Environmental Exclusion and Referral List is adhered to. RI and each subsidiary will submit Annual Environmental Reports to EBRD.

Technical Cooperation

None.

Company Contact

Wolfgang Forster
tel. +43-1-71707-1716
fax: +43-1-71707-76-1716
e-mail: wolfgang.forster@rzb.at
Renate Kattinger
tel. +43-1-71707-1368
fax. +43-1-71707-76-1368
e-mail: renate.kattinger@rzb.at
 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

Share this page: