Two landmark transactions that Raiffeisen Bank International AG (RBI) structured for its client or in which it participated in a leading role, respectively, were recognized with «Deal of the Year» awards by the renowned industry publication Trade Finance Magazine. «These awards again validate our approach of supporting our customers in realizing their business transactions with tailor-made and innovative solutions. The know-how provided by our product specialists was crucial for the successful completion of both deals,» said Karl Sevelda, RBI’s Deputy Chairman of the Managing Board and the board member responsible for Corporate Banking.
Together with its Beijing branch, RBI provided a credit facility for erecting a hygiene paper production plant for Ganzhou Hwagain Paper in south-eastern China. The total investment costs for the plant add up to approximately EUR 92 million. Half of this amount will be financed, whereas the deliveries deriving from Austria will be provided in form of a buyer’s credit guaranteed by Oesterreichische Kontrollbank AG (OeKB) in the amount of EUR 12 million. RBI’s Beijing branch is providing the credit facility covering both local production and imports from third countries amounting to EUR 33 million.
For the USD 1.075 billion
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.
RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus.
In total, around 60,000 employees service about 13.7 million customers through around 2,900 business outlets, the great majority of which are located in CEE.
RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the head office of the entire RZB Group, including RBI.
For further information please contact Michael Palzer