Raiffeisen Bank mandated four international banks as arrangers of this loan: Bank Austria Creditanstalt AG, DZ Bank AG Deutsche Zentral – Genossenschaftbank, JP Morgan Plc. and Mizuho Corporate Bank, Ltd.
“This syndicated loan from international financial markets sustains our strategy to significantly increase our portfolio and market shares for all segments. As announced, we are financing this growth through deposits and funds acquired from the internal and external capital markets. At the same time, we are supported by our main shareholder that largely contributed to the bank’s capital increase. The semi-annual results for 2004 confirmed the growth estimates of Raiffeisen Bank and supported our decision to obtain financing from the international financial markets”, Steven van Groningen, President and CEO of Raiffeisen Bank said.
Raiffeisen Bank is the third Romanian bank in terms of total assets, which exceeded EUR 1.4 billion as of June 2004. During the first six months, the volume of loans extended to Raiffeisen customers increased by 34.5% as compared to the end of 2003, amounting to EUR 909.7 million. The customer deposits increased by 36.1% for the same period up to EUR 916.3 million. Raiffeisen Bank obtained a net profit of EUR 4.4 million for the first six months of 2004 (according to IAS), a similar value as for the entire 2003.
The Austrian banking group Raiffeisen is the main shareholder of Raiffeisen Bank through its subsidiary Raiffeisen International Bank – Holding AG (Raiffeisen International), with 99.4% of the total share capital, with 99.4% of the total share capital. Raiffeisen Bank S.A. is a top universal bank on the Romanian market, providing a complete range of high quality products and services to more than 1.5 million customers, including individuals, SMEs and corporations via its approximately 200 banking outlets.
