Put companies on watchlist
Raiffeisen Bank International AG
ISIN: AT0000606306
WKN: A0D9SU
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Raiffeisen Bank International AG · ISIN: AT0000606306 · EQS - adhoc news (32 News)
Country: Austria · Primary market: Austria · EQS NID: 1992543
20 September 2024 11:14AM

RBI signs agreement on the sale of Priorbank JSC to Soven 1 Holding Limited


EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Disposal
Raiffeisen Bank International AG: RBI signs agreement on the sale of Priorbank JSC to Soven 1 Holding Limited

20-Sep-2024 / 11:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


RBI signs agreement on the sale of Priorbank JSC to Soven 1 Holding Limited

Vienna, 20 September 2024. Raiffeisen Bank International AG (RBI) has today signed an agreement on the sale of its 87.74 per cent stake in Priorbank JSC and its subsidiaries to Soven 1 Holding Limited – thereby completing the negotiations which were announced on February 14, 2024 (Ad-hoc release February 2024). The transaction is subject to regulatory approvals and successful closing, which is expected in Q4/2024.
 
  • At closing, the transaction is expected to have an estimated negative impact of approximately EUR 300 million on RBI Group’s consolidated profit, resulting mainly from the difference between purchase price and book value of Priorbank JSC.
  • At closing, the impact on RBI Group’s CET1 ratio excluding Russia is expected around -5 basis points, resulting from the estimated difference between purchase price and book value of the equity and from the deconsolidation of the RWAs of Priorbank JSC.
  • At closing, the transaction is expected to have a further estimated negative impact on RBI Group’s consolidated profit of c. EUR 500 million. This will have no impact on the regulatory capital and capital ratios of RBI Group and is related to the reclassification of predominantly historical FX losses currently recognized in other comprehensive income.
With the completion of this transaction, RBI will have successfully exited the Belarusian market, and thereby reduced its operational complexity in line with its de-risking strategy in Eastern Europe.

Under its new ownership Priorbank JSC will operate in a fully independent manner.


For further information please contact:

John P. Carlson, CFA
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43 1 71 707 2089
www.rbinternational.com
 


End of Inside Information

20-Sep-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com


Language: English
Company: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Vienna
Austria
Phone: +43-1-71707-2089
Fax: +43-1-71707-2138
E-mail: ir@rbinternational.com
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market)
EQS News ID: 1992543

 
End of Announcement EQS News Service

1992543  20-Sep-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1992543&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Raiffeisen Bank International AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.