Raiffeisen Bank International
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Raiffeisen Bank International

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Raiffeisen Bank International

Raiffeisen Bank International (RBI) is a key entity of the decentralized Raiffeisen Banking Group in Austria, acting both as the latter's domestic central financial entity and as the holding company for all the group's operations outside of Austria. The bank is listed on the Wiener Börse. Its major shareholders are the Raiffeisen Banking Group's eight regional banks (Raiffeisen-Landesbanken), which are bound by a shareholders' agreement and together hold a majority of RBI's equity.

RBI was established in 2010 as a subsidiary of Raiffeisen Zentralbank (RZB), and absorbed the latter in March 2017 through a reverse takeover. Since then, it has been designated as a Significant Institution under European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.

RBI is a member of Österreichischer Raiffeisenverband [de] (Austrian Raiffeisen Association), which amongst other things functions as the interest representation association for all Austrian Raiffeisen cooperatives.

RBI has a substantial presence in Russia and Belarus. In the lead-up to the 2022 Russian invasion of Ukraine, RBI was by far the single biggest mover of money to Russia. RBI is the largest Western bank still present in Russia; most Western banks left Russia after the invasion.

At the end of February 2010, RZB CEO Walter Rothensteiner announced that a possible merger of some operations of RZB with Raiffeisen International Bank-Holding AG (RI), an intermediate holding company created in the early 2000s and listed in 2005. The newly founded Raiffeisen Bank International would incorporate those segments of RZB not directly related to RZB's function as the central institution of the decentralized Raiffeisen Banking Group. On 19 April 2010, the executive boards of the two institutions resolved to present the proposed merger to the shareholders for approval, which was granted at general shareholders' meetings of the RZB on 7 July 2010 and RI on the following day. Raiffeisen Bank International began its activities on 11 October 2010. By the end of 2010, it served over 14 million customers with about 3,000 branch offices.

In 2013, Raiffeisen Bank International opened a branch in Hong Kong. Two years later, its Xiamen branch and Harbin office closed. In 2016, Raiffeisen Banka d.d. of Slovenia (which was renamed KBS Banka and merged with another bank to become Nova Kreditna Banka Maribor) 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; 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.

In August 2021, Crédit Agricole S.A. announced the signing of an agreement to sell Crédit Agricole Srbija A.D. to Raiffeisen Bank (Serbia), a fully owned subsidiary of Austrian Raiffeisen Bank International AG. In accordance with the prior consent of the National Bank of Serbia, Raiffeisen banka a.d Beograd has become the sole owner of Credit Agricole banka Srbija a.d. Novi Sad on April 1, 2022, taking over from Credit Agricole s.a. Paris as the former owner. As a result of the transaction, Credit Agricole bankа Srbija has become a member of the Raiffeisen group. The joint share of the two banks in the Serbian market will be around 12%. After the merger with Crédit Agricole bank, the loan portfolio of Raiffeisen banka is expected to reach almost €3 billion and the client base to exceed one million. The merger of Raiffeisen banka a.d. Beograd and Crédit Agricole Srbija A.D. Novi Sad is expected to be completed by the end of the second quarter of 2023.

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