Raiffeisenbank together with Raiffeisen Bank International AG, JSC Alfa-Bank, JSC VTB Bank and VTB Bank (Deutschland) AG (the initial mandated lead arrangers and bookrunners) were mandated to arrange a syndicated loan for BIN Bank worth USD 55 million («Loan»). VTB Bank (Deutschland) AG is an agent for the loan.
The loan was granted for a period of 364 days with settlement of the full amount of the primary Loan on the last day of the loan. Funds from the Loan will be used to finance export-import trade transactions performed by the borrower’s clients.
The loan agreement was signed on October 9, 2012, and following the results of the further syndication the transaction was closed oversubscribed: Baltikums Bank AS, Banque de Commerce et de Placements S.A., Bank ZENIT and the Russian Agricultural Bank joined on October 26, 2012 as additional lenders, and the total amount of the loan rose to USD 80 million.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on H1 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.
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 61,300 employees service about 14.6 million customers through around 3,100 business outlets, the great majority of which are located in CEE (these figures include Polbank). Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich 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 group head office of the entire RZB Group, including RBI.