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Raiffeisen International
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 | Merger approved by RZB's shareholders meeting07.07.2010 Vienna. 7 July. • Spin-off of substantial RZB business segments and merger with Raiffeisen International to become Raiffeisen Bank International decided unanimously • Issue also on agenda of tomorrow's annual general meeting of Raiffeisen International This morning, at their annual general meeting the shareholders of Raiffeisen Zentralbank Osterreich AG (RZB) unanimously approved the spin-off and merger with their subsidiary Raiffeisen International Bank-Holding AG. In concrete terms, substantial business segments of RZB — above all business with Austrian and international corporate customers — are to be spun off to Cembra Beteiligungs AG, a 100 per cent RZB subsidiary company holding around 72.8 per cent of Raiffeisen International shares. Subsequently, Cembra and Raiffeisen International are to be merged. Raiffeisen International would obtain a banking licence as a result and would be renamed Raiffeisen Bank International AG. The new bank would continue to be listed on the Vienna Stock Exchange. An application to decide about the merger will also be on the agenda of tomorrow's annual general meeting of Raiffeisen International. Subject to the approvals by the relevant authorities, the new RZB Group structure can then be implemented. RZB will continue to operate under its current name, remaining the central institution of the Austrian Raiffeisen Banking Group and the steering holding of RZB Group, which includes Raiffeisen Bank International.
* * * * * Raiffeisen Zentralbank Osterreich AG (RZB) is the central institution of the Austrian Raiffeisen Banking Group, the country's 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 with branches and representative offices in nine locations. Via listed subsidiary Raiffeisen International Bank-Holding AG, RZB operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group's 56,500 employees service more than 15 million customers through around 3,000 business outlets. For further information please contact Andreas Ecker-Nakamura (+43-1-71 707-2222, andreas.ecker@rzb.at) or Michael Palzer (+43-1-71 707-2828, michael.plazer@ri.co.at). | ArchiveUseful linksCore Perfomances of the Bank*
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* update at 06.09.2010
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