On June 19, the option to extend a syndicated loan for Krasnodar Regional Investment Bank was executed, with RZB Group (ZAO Raiffeisenbank and Raiffeisen Zentralbank Osterreich AG) serving as lead organizer.
The loan was for a total of RUR770mn, with the term now extended for 12 months and an interest rate of MosPrime + 4.25% annual. The loan is secured by a guarantee from the government of the Krasnodar Region.
In addition to lead organizers ZAO Raiffeisenbank and Raiffeisen Zentralbank Osterreich AG, the syndicate includes: Russian Development Bank, Bank of Cyprus plc, and Evrofinance Mosnarbank as co-organizers; Yapi Kredi Bank Moscow as co-lead manager; and the International Bank of Azerbaijan-Moscow as manager.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned bank in Russia, ranking 7th in terms of assets among top Russian banks based on 1Q 2008 results (Interfax-CEA). Raiffeisenbank is ranked 8th in terms of corporate lending based on 1Q 2008 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 4th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1Q 2008 results.
Raiffeisen International operates one of the largest banking networks in CEE. 17 markets of Europe’s growth region are covered by subsidiary banks, finance leasing companies, a representative office and a number of other financial service providers. Over 14 million customers are attended to through more than 3,000 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 68.5 per cent of the common stock. The balance is free float, the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.