EQS-Adhoc: Raiffeisen Bank International AG: RBI signs agreement on the sale of Priorbank JSC to Soven 1 Holding Limited

EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Disposal
Raiffeisen Bank International AG: RBI signs agreement on the sale of
Priorbank JSC to Soven 1 Holding Limited

20-Sep-2024 / 11:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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RBI signs agreement on the sale of Priorbank JSC to Soven 1 Holding
Limited

Vienna, 20 September 2024. Raiffeisen Bank International AG (RBI) has
today signed an agreement on the sale of its 87.74 per cent stake in
Priorbank JSC and its subsidiaries to Soven 1 Holding Limited – thereby
completing the negotiations which were announced on February 14, 2024
([1]Ad-hoc release February 2024). The transaction is subject to
regulatory approvals and successful closing, which is expected in Q4/2024.
 

• At closing, the transaction is expected to have an estimated negative
impact of approximately EUR 300 million on RBI Group’s consolidated
profit, resulting mainly from the difference between purchase price
and book value of Priorbank JSC.
• At closing, the impact on RBI Group’s CET1 ratio excluding Russia is
expected around -5 basis points, resulting from the estimated
difference between purchase price and book value of the equity and
from the deconsolidation of the RWAs of Priorbank JSC.
• At closing, the transaction is expected to have a further estimated
negative impact on RBI Group’s consolidated profit of c. EUR 500
million. This will have no impact on the regulatory capital and
capital ratios of RBI Group and is related to the reclassification of
predominantly historical FX losses currently recognized in other
comprehensive income.

With the completion of this transaction, RBI will have successfully exited
the Belarusian market, and thereby reduced its operational complexity in
line with its de-risking strategy in Eastern Europe.

Under its new ownership Priorbank JSC will operate in a fully independent
manner.

For further information please contact:

John P. Carlson, CFA
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43 1 71 707 2089
www.rbinternational.com
 

End of Inside Information

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20-Sep-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Vienna
Austria
Phone: +43-1-71707-2089
Fax: +43-1-71707-2138
E-mail: ir@rbinternational.com
Internet: www.rbinternational.com
ISIN: AT0000606306
WKN: A0D9SU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Luxembourg Stock Exchange, SIX, Vienna Stock Exchange
(Official Market)
EQS News ID: 1992543

 
End of Announcement EQS News Service

1992543  20-Sep-2024 CET/CEST

References

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