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Raiffeisen International
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 | RZB Group and Raiffeisen International at a glanceRaiffeisen Bank Aval is a subsidiary of Raiffeisen International Bank-Holding AG, which in turn is a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Österreich AG (RZB). Founded in 1927, RZB is Austria's third-largest bank and the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group by total assets with the widest local distribution network.
RZB and Raiffeisen International have time and again underpinned their reputation as early movers and pioneers in CEE, having founded the first subsidiary bank in Hungary already in 1986, three years prior to the fall of the Iron Curtain. In more than 20 years of market presence, ten banks were founded and another ten were acquired. The resulting network covers the region with universal banks in the following 15 markets, servicing more than 15 million customers in over 3,000 business outlets.
Raiffeisen International Bank-Holding AG acts as these banks' steering company, owning the majority of shares (in most cases 100 or almost 100 per cent). Furthermore, many finance leasing companies (including one in Kazakhstan and in Moldova) and a number of other financial service providers are part of the Raiffeisen International Group. The company is a fully consolidated subsidiary of RZB, which owns about 70 per cent of the common stock. The balance is free float, owned by institutional and retail investors. The shares are traded on the Vienna Stock Exchange.
RZB and Raiffeisen International have time and again underpinned their reputation as early movers in CEE, having founded the first subsidiary bank in Hungary already in 1986, three years prior to the fall of the Iron Curtain. One of the more recent examples was the market entry into Belarus, when Raiffeisen International acquired the majority of Priorbank, the country's third-largest bank, in January 2003. With this step, it was the first western banking group to engage in a strategic investment in Belarus. This was also the case in December 2003, when Raiffeisen International won the tender for the privatisation of the Savings Bank of Albania, the country's largest bank, renamed Raiffeisen Bank the following October. And in August 2005, Raiffeisen International acquired 93.5 per cent of the second-largest Ukrainian bank, Bank Aval. The deal was the largest acquisition for Raiffeisen International and strengthened both its local and regional predominance significantly. The bank was rebranded Raiffeisen Bank Aval in autumn 2006. With the acquisition of the Russian Impexbank in early 2006, Raiffeisen International markedly boosted its position in the largest CEE market: Impexbank and Raiffeisenbank Austria, established in 1997, became the local number nine in Russia. The legal merger of Impexbank and Raiffeisenbank took place in November 2007. In July 2006, Raiffeisen International fully acquired Czech eBanka, thus expanding its local market presence by this well-positioned retail bank. The legal merger with Raiffeisenbank took place in July 2008.
Raiffeisen International achieved another record result for the full year 2008: the group's consolidated profit (after tax and minorities) rose by 17 per cent to ?982 million (compared with the same period in 2007). The balance sheet total was ?85.4 billion at year-end, also up 17 per cent. On the balance sheet date, nearly 63,400 employees serviced more than 14.7 million customers in over 3,200 business outlets
As of 31 December 2008, the RZB Group's balance-sheet total amounted to ?156.9 billion, up 14 per cent compared with year-end 2007. While the operating result hit another record high, the effects of the financial market and bank crisis brought about a decrease in profits. Consequently, profit before tax declined by 60 per cent to ?597 million. On the reporting date, the Group employed a staff of 66,650 worldwide.
In addition to its banking operations RZB runs several specialist companies in CEE offering solutions, among others, in the areas of M&A, real estate development, fund management and mortgage banking.
In Western Europe and the USA, RZB operates a branch in London and representative offices in Brussels, Frankfurt, Madrid, Milan, Paris, Stockholm, and New York. A finance company in New York (with representative offices in Chicago, Houston and Los Angeles) and a subsidiary bank in Malta complement the scope. In Asia, RZB runs branches in Beijing (with representative offices in Harbin and Zhuhai), Xiamen and Singapore as well as representative offices in Ho Chi Minh City, Hong Kong, Mumbai and Seoul. This international presence clearly underlines the bank's emerging markets strategy.
The RZB Group's consistent commitment to quality is regularly reflected by a broad range of local and international awards. In March 2009, Global Finance awarded the regional title Best Bank in Central and Eastern Europe to RZB and Raiffeisen International for the third time in a row. In addition, the Network Banks in Bosnia and Herzegovina, Bulgaria, the Czech Republic, Serbia and Slovakia received the title Best Bank in their local markets. In November 2008, The Banker, the renowned magazine of the Financial Times Group, awarded RZB and Raiffeisen International jointly the title Bank of the Year in CEE for the fifth time. In addition, Raiffeisen International's Network Banks in Bulgaria, Croatia and Slovakia received the awards for their countries. And in July 2008, the British magazine Euromoney chose RZB together with Raiffeisen International as Best Banking Group in Central and Eastern Europe for the third consecutive time.
RZB is rated as follows:
Raiffeisen International acts as these banks' steering company, owning the majority of shares (in most cases 100 or almost 100 per cent). Furthermore, many finance leasing companies (including one in Kazakhstan and in Moldova) are part of the Raiffeisen International Group. RZB owns about 70 per cent of Raiffeisen International's common stock. The balance is free float, owned by institutional and retail investors. The company's shares are traded on the Vienna Stock Exchange.
The Raiffeisen International Group posted a consolidated profit (after tax and minorities) of ? 212 million in 2009. While this marks a decrease of 78.4 per cent against the preceding year, the result nevertheless underlines the strength of the company's operative business and business model when seen in light of the sharply deteriorated economic environment and the record result the Group achieved in 2008. Raiffeisen International's balance sheet total declined by 11 per cent to ? 76.3 billion, reflecting both currency effects and the reduction in lending business on account of the economic crisis.
As per preliminary and unaudited figures published in February 2010, the RZB Group's balance sheet total amounted to ? 147.9 billion as of year-end 2009, down 6 per cent year-on-year. The Group achieved a pre-tax profit of ? 824 million in 2009, up 38 per cent against the preceding year. This result represents a significant accomplishment when seen against the backdrop of world-wide crisis and the fact that most of the countries in the RZB Group's home market experienced recession in 2009. At the reporting date, the Group employed a staff of 63,469 worldwide.
In addition to its banking operations — which are complemented by a representative office in Russia (Moscow) — RZB runs several specialist companies in CEE offering solutions, among others, in the areas of M&A, real estate development, fund management and mortgage banking.
In Western Europe and the USA, RZB operates a branch in London and representative offices in Brussels, Frankfurt, Madrid, Milan, Paris, Stockholm, and New York. A finance company in New York (with representative offices in Chicago and Houston) and a subsidiary bank in Malta complement the scope. In Asia, RZB runs branches in Beijing (with representative offices in Harbin and Zhuhai), Xiamen and Singapore as well as representative offices in Ho Chi Minh City, Hong Kong, Mumbai and Seoul. This international presence clearly underlines the bank's emerging markets strategy.
Raiffeisen Zentralbank Österreich AG
Raiffeisen International Bank-Holding | Useful linksCore Perfomances of the Bank*
* in compliance with the Ukrainian accounting standards and NBU’s requirements Exchange rates *
* update at 30.07.2010
Repayment of currency loans via self-service centers
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