Raiffeisen Bank International

Rank#996

Market Cap24.85B

CountryAustria

Summary

Raiffeisen Bank International AG, together with its subsidiaries, provides corporate, retail, and investment banking services. The company offers cross border accounts; and cash management services, such as account, reporting, payment, clearing, settlement, and cash pooling services; electronic banking; and SEPA and cross-border payments to billing solutions. It also provides investor services, including custody and fund administration services, as well as execution services comprising electronic sales trading, direct market access, and fund brokerage services; trade, working capital, export, sustainable, and real estate finance services, as well as commodity and structured trade, project, and supply chain finance products; and cards. In addition, the company offers bank guarantees, sureties, and letters of credit, as well as documentary collection products; hedging, factoring, and leasing services; and fixed income, money market and securities, asset management, and structured products for corporate and institutional customers. Further, it arranges syndicated loans and structure asset based finance transactions; and assists clients in mergers, acquisitions, sales, and privatizations. As of December 31, 2020, the company operated through a network of 1,857 business outlets in Central, Southeastern, and Eastern Europe. Raiffeisen Bank International AG was founded in 1886 and is headquartered in Vienna, Austria.

History

Formerly a subsidiary of Raiffeisen Zentralbank, Raiffeisen Bank International operates a banking network mainly in Central and Eastern Europe, although also maintains operations in Western Europe. Seventeen markets are covered by subsidiary banks, leasing companies, and representative offices. At the end of 2010, RBI served over 14 million customers with about 3,000 branch offices. At the end of February 2010, RZB CEO Walter Rothensteiner announced that a possible merger of RZB with Raiffeisen International Bank-Holding AG was being considered. The move would provide broader access to the capital, money, and bond markets. Since the changes would take place within the group, it would have no impact on their equity capital ratios. The newly-founded Raiffeisen Bank International would contain RI and those segments of RZB which do not involve the Raiffeisen sector. Business related to RZB's function as the central institution of the Raiffeisen Banking Group and participation relevant to this sector would remain at RZB. On 19 April 2010, the executive boards of the two institutions resolved to present the proposed merger to the shareholders for approval. At the general shareholders' meeting on 7 July 2010, RZB's shareholders voted to merge the bank's commercial customer business with RI. The following day, RI shareholders approved the merger at a general shareholders' meeting. The new institution, Raiffeisen Bank International, began its activities on 11 October 2010.

In 2013, Raiffeisen Bank International opened its Hong Kong branch. Two years later, its Xiamen branch and Harbin office closed. In 2016, Raiffeisen Banka d.d. of Slovenia was sold to Apollo Global Management and the European Bank for Reconstruction and Development.On 18 March 2017, Raiffeisen Bank International merged with Raiffeisen Zentralbank Österreich; the merger was approved at a January 2017 extraordinary general meeting of RBI's shareholders. The bank suspended the initial public offering of its subsidiary, Raiffeisen Bank Polska, in mid-2017.

Mission

In addition to the various business and sustainability reports, the publication of value added reports should provide a new perspective on business activity, provide transparency and round off the image of the Raiffeisen Banking Group.

References

https://en.wikipedia.org/wiki/Raiffeisen_Bank_International

https://in.investing.com/equities/raiffeisen-int

https://finance.yahoo.com/quote/RBI.VI/profile?p=RBI.VI

https://www.comparably.com/companies/raiffeisen-bank-international

https://www.crunchbase.com/organization/raiffeisen-bank-international

https://companiesmarketcap.com/

https://www.rbinternational.com

Leadership team

Dr. Johann Strobl (Chairman of the Management Board & CEO)

Magistrate Peter Lennkh (Member of Management Board & Corp. Banking Exec.)

Magistrate Andreas Gschwenter (COO, Chief Information Officer & Member of Management Board)