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.
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.
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.
Equity investment of €100 million.
€ 100 million.
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.
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