The RZB Group and Raiffeisen International
Raiffeisen Bank Kosovo is a subsidiary of Raiffeisen International Bank-Holding AG, which in turn is a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Österreich AG (RZB). RZB is the parent company of the RZB Group and the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group by total assets with the widest local distribution network.
RZB and Raiffeisen International have time and again underpinned their reputation as early movers and pioneers in CEE, having founded the first subsidiary bank in
Hungary
already in 1986, three years prior to the fall of the Iron Curtain. In more than 20 years of market presence, ten banks were founded and another ten were acquired. The resulting network covers the region with universal banks in the following 15 markets, servicing more than 14.7 million customers in over 3,200 business outlets.
- Albania, Raiffeisen Bank Sh.a.
-
Belarus, Priorbank, OAO
- Bosnia and Herzegovina, Raiffeisen Bank d.d. Bosna i Hercegovina
-
Bulgaria
, Raiffeisenbank (
Bulgaria
) EAD
-
Croatia,
Raiffeisenbank
Austria
d.d.
-
Czech Republic
, Raiffeisenbank a.s. and eBanka, a.s.
- Hungary, Raiffeisen Bank Zrt.
- Kosovo, Raiffeisen Bank Kosovo J.S.C.
- Poland, Raiffeisen Bank Polska S.A.
- Romania, Raiffeisen Bank S.A.
-
Russia
, ZAO Raiffeisenbank
-
Serbia
, Raiffeisen banka a.d.
-
Slovakia, Tatra banka, a.s.
-
Slovenia,
Raiffeisen Banka d.d.
- Ukraine, VAT Raiffeisen Bank Aval
Raiffeisen International acts as these banks' steering company, owning the majority of shares (in most cases 100 or almost 100 per cent). Furthermore, many finance leasing companies (including one in
Kazakhstan
and in
Moldova
) are part of the Raiffeisen International Group. RZB owns about 70 per cent of Raiffeisen International's common stock. The balance is free float, owned by institutional and retail investors. The company's shares are traded on the Vienna Stock Exchange.
Raiffeisen International achieved another record result for the full year 2008: the group's consolidated profit (after tax and minorities) rose by 17 per cent to 982 million (compared with the same period in 2007). The balance sheet total was 85.4 billion at year-end, also up 17 per cent. On the balance sheet date, nearly 63,400 employees serviced more than 14.7 million customers in over 3,200 business outlets.
Founded in 1927, RZB provides the full range of commercial and investment banking services. It is
Austria
's third largest bank. As of 31 December 2008, the RZB Group's balance-sheet total amounted to 156.9 billion, up 14 per cent compared with year-end 2007. While the operating result hit another record high, the effects of the financial market and bank crisis brought about a decrease in profits. Consequently, profit before tax declined by 60 per cent to 597 million. On the reporting date, the Group employed a staff of 66,650 worldwide.
In addition to its banking operations which are complemented by a representative office in Russia (Moscow) RZB runs several specialist companies in CEE offering solutions, among others, in the areas of M&A, real estate development, fund management and mortgage banking.
In Western Europe and the
USA
, RZB operates a branch in
London
and representative offices in
Brussels
,
Frankfurt
,
Madrid
,
Milan
,
Paris
,
Stockholm
, and
New York
. A finance company in
New York
(with representative offices in
Chicago
,
Houston
and
Los Angeles
) and a subsidiary bank in
Malta
complement the scope. In Asia, RZB runs branches in
Beijing
(with representative offices in
Harbin
and Zhuhai),
Xiamen
and
Singapore
as well as representative offices in
Ho Chi Minh City
, Hong Kong, Mumbai and
Seoul
. This international presence clearly underlines the bank's emerging markets strategy.
RZB is rated as follows (as of April 2009):
Standard & Poor's Short term: A-1
Long term: A
Moody's Short term: P-1
Long term: A1