Raiffeisen International Bank-Holding AG (Raiffeisen International), theEastern European arm of Austrian RZB Group, was awarded“Best IPO of the Year” by Swedish Asset Manager East Capital. The award ceremony took place in Stockholm on Friday evening.
With a volume ofˆ 1.1 billion the Raiffeisen International IPO was the biggest in Austrian history and one of the most successful worldwide this year. The order-book was more than 22-times over-subscribed. Since its flotation in April 2005 Raiffeisen International shares have gained more than 60 per cent.
“As well as the overwhelming interest we receive from investors and the huge resonance in the market, it is the international awards that endorse our work. We accept this award for our successful IPO from East Capital with deep appreciation and satisfaction”, said Herbert Stepic, CEO of Raiffeisen International. The company has already received three prestigious awards from international financial magazines this year: “Best Bank in Central and Eastern Europe” from Euromoney and Global Finance as well as “Bank of the Year in Emerging Markets” from The Banker.
The East Capital Awards are presented annually by Swedish asset managerEast Capital in three categories:“Best Growth”, “Best IPO” and “East Capital Discovery of the Year”. East Capital has been investing in Eastern Europe since 1998. With assets under management of more than ˆ 1.5 billion it is one of the leading, independent investors in Central and Eastern Europe. Besides Raiffeisen International the Russian food-retailer Sedmoi Kontinent (Discovery of the Year) and the Turkish soft-drink producer Efes Invest (Best Growth), which is particularly strong in Central Asia, were also given awards.
Raiffeisen International is in charge of steering the subsidiaries ofRaiffeisen Zentralbank Oesterreich AG (RZB) in Central and EasternEurope (CEE). Its shares are traded on the Vienna Stock Exchange. RZBowns 70 per cent. The balance is free-float, including shareholdings ofthe International Finance Corporation (IFC) and the European Bank forReconstruction and Development (EBRD) of about three per cent each.Raiffeisen International operates the leading banking network in CEEwith 16 subsidiary banks and numerous leasing companies in 16 markets.9.2 million customers are served via 2,400 business outlets. In eightmarkets, the respective Network Bank ranks among the three largest localbanks.
Raiffeisen International''s balance-sheet total amounted toˆ 32.9 billion at the end of June 2005, which was 14 per cent more than at year-end 2004. Pre-tax profit for the first semester was ˆ 273.3 million, 58 per cent more than for the same period of the previous year.