- Integration planned by end of 2022
Continued commitment to the capital markets in Austria and CEE
The Supervisory Board of Raiffeisen Bank International AG (RBI) agreed yesterday, 17 June 2020, to the integration of its Vienna-based subsidiary Raiffeisen Centrobank AG (RCB) into RBI. The integration is planned to be conducted in two phases over the next two years. As a first step, the transfer of RCB’s equity business, consisting of Equity Sales, Equity Capital Markets and Company Research, will be prepared by means of a spin-off. The full integration of the remaining business areas Certificates and Trading into RBI is planned to occur by the end of 2022 by way of merger. The reorganization steps are still subject to necessary board resolutions from RCB and RBI as well as approvals by the Austrian Financial Markets Authority and entry in the commercial register.
Łukasz Januszewski, Board Member at RBI in charge of Markets and Investment Banking and Chairman of RCB’s Supervisory Board, said, “Bundling our capital market capabilities under one roof aims at improving our product offering on the equity side and ensuring more efficiency. In the mid-term, we expect to integrate the highly successful certificates and trading business and thus be able to offer the entire spectrum of services and products around equities, certificates, and equity capital transactions from one hand.”
“Given that the Raiffeisen Centrobank brand will continue to exist beyond the completion of the integration, this plan underscores our role as competence center for equities and certificates and confirms our commitment to the capital market in our home market Austria and CEE,” stated RCB’s CEO Harald Kröger. For Board Member Heike Arbter, responsible for RCB’s business activities, the goal is to continue growing the bank’s certificates offering: “RCB has been a pioneer and a leader in the certificates segment supported by its strong sales and market making capabilities. Going forward, our efforts and energy will be channeled towards the needs of both markets and investors as well as state-of-the-art investment solutions“.
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About Raiffeisen Bank International
RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A.
Around 47,000 employees service 16.8 million customers through around 2,000 business outlets, the by far largest part thereof in CEE. RBI's shares are listed on the Vienna Stock Exchange. The Austrian Regional Raiffeisen Banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the Regional Raiffeisen Banks and other affiliated credit institutions.
About Raiffeisen Centrobank
Raiffeisen Centrobank AG (Raiffeisen Centrobank or RCB) is the competence center for certificates and equity trading in Austria, with a strong regional focus on Central and Eastern Europe. As a pioneer and market leader in the field of structured products, RCB offers a broad range of certificates for all market situations and customer needs. In addition, RCB is a relevant market maker for equities and equity derivatives in the German-speaking area as well as in CEE. As largest domestic specialist and market maker at the Vienna Stock Exchange the Bank provides liquidity for the entire Austrian Prime Market. RCB is a subsidiary of Raiffeisen Bank International AG.