EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Miscellaneous
RBI in advanced negotiations on the sale of its Belarusian subsidiary
Priorbank
14-Feb-2024 / 12:41 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.
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Vienna, 14 February 2024. Raiffeisen Bank International AG (RBI) is in
advanced negotiations on the disposal of its 87.74 per cent stake in
Priorbank JSC and its subsidiaries, with Soven 1 Holding Limited, an
investor from the United Arab Emirates, resulting in a potential exit of
RBI from the Belarusian market.
The signing of the transaction is – among other conditions – pending proof
of funds by the investor with transfer of full collateral for the
transaction consideration.
• The expected impact on the CET1 ratio of RBI Group is minimal.
• The transaction would trigger a loss of approximately EUR 225 million
on RBI Group, resulting from the difference of the purchase price and
book value of the equity of Priorbank JSC.
• At closing, a further negative impact in the range of EUR 450 million
is expected on RBI Group’s consolidated profit, relating to the
reclassification of predominantly historical FX losses currently
recognized in other comprehensive income. This reclassification of
losses would have no impact on the regulatory capital of RBI Group.
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
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14-Feb-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
══════════════════════════════════════ ═════════ Raiffeisen Bank International AG Am Stadtpark 9 A-1030 Vienna Austria Phone: +43-1-71707- 2089 Fax: +43-1-71707-2138 Email: 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: 1837357
End of Announcement EQS News Service
1837357 14-Feb-2024 CET/CEST