The merger of Czech Raiffeisenbank a.s. and eBanka a.s., which had been acquired by Raiffeisen International in 2006, will be completed on 7 July 2008. From this day on, both banks will operate under the brand Raiffeisenbank. All eBanka branches will be redesigned according to the group-wide branch design of Raiffeisen International in the course of the next months.
«At the time of the acquisition we had envisaged the completion of the merger for 2008. Now, we are completing the merger of both banks well in time», said Herbert Stepic, CEO of Raiffeisen International.
Based on figures for the first quarter 2008 the merged bank will have about 2,500 employees in 102 branches and total assets of 5.98 billion euros, representing a market share of close to 4 per cent. Raiffeisenbank ranks among the top five banks in the Czech Republic.
Raiffeisenbank a.s. is majority-owned by Raiffeisen International (51 per cent) with minority stakes held by Raiffeisenlandesbank Oberцsterreich (25 per cent) and Raiffeisenlandesbank Niederцsterreich-Wien (24 per cent).
For further information please contact:
Raiffeisen International Bank-Holding AG
Am Stadtpark 9