Raiffeisen International Bank-Holding AG celebrates the firstanniversary of its Initial Public Offering (IPO) tomorrow. With a volumeof€ 1.1 billion, it was the largest IPO in the history of the Vienna Stock Exchange and one of the largest IPOs in 2005, ranking 6th in Europe and 12th worldwide in terms of volume. The order-book was 22-times over-subscribed.
On 25 April 2005, the shares were traded on the Vienna Stock Exchangefor the first time. The first official share price was€ 39, which was 20 per cent above the issue price of € 32.50. The closing price on the first trading day was € 41.39. The turnover volume was 7.13 million shares, until then the largest single daily stock turnover in Vienna.
“The success of our IPO and the following development of our market value clearly show that we have taken the right step at the right time”, said Herbert Stepic, CEO of Raiffeisen International. “With the acquisition of Ukrainian Bank Aval and the recent purchase of Russian Impexbank, we are very well positioned in two key markets to utilize the great long-term growth potential.” Of course, being listed has lead to increased organizational effort and time constraints, which is, according to Stepic, more than compensated by the heightenedlevel of awareness and improved international recognition.
The share price developed favourably until year-end 2005 and closed at€ 55.55, a gain of more than 70 per cent since the IPO, outperforming the Austrian benchmark index ATX (plus 39 per cent) as well as the European benchmark for banks, the Dow Jones EURO STOXX Banks (plus 24 per cent).
At the time of the IPO, Raiffeisen International had a marketcapitalisation of€ 4.6 billion. Based on the closing price on 21 April 2006 of € 73.0, an all time closing high, Raiffeisen International is currently valued at € 10.42 billion reflecting an increase of 127 per cent since the IPO.
“Our stock listing has proven to be a success story for all parties involved: For our owners and shareholders, among which were 80,000 retail investors, as well as for the Austrian capital market and the Vienna Stock Exchange and not least for us”, Stepic added.
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Raiffeisen International operates one of the leading banking networks inCEE with 16 subsidiary banks and many leasing companies in 16 markets.More than 10 million customers are attended through more than 2,400business outlets. In seven markets, the respective Network Bank ranksamong the three largest local banks. Representative offices in Lithuaniaand Moldova complement the Group''s presence in the region. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank ?sterreich AG (RZB), which owns 70 per cent of the commonstock. The remaining 30 per cent is free float, the shares are traded onthe Vienna Stock Exchange. RZB is a leading corporate and investmentbank in Austria and the central institution of the Austrian RaiffeisenBanking Group, the country''s largest banking group.
Raiffeisen International''s balance-sheet total amounted to€ 40.7 billion at the end of 2005, 41 per cent more than at year-end 2004. Consolidated profit (after minorities) surged by 83 per cent to € 382 million.
For further information please contact Michael Palzer (+43.1/71707-1504, firstname.lastname@example.org) or Lars D. Hofer (+43.1/71 707-1930,email@example.com).