The Management and Supervisory Boards of Raiffeisen Zentralbank Österreich AG (RZB) and Raiffeisen Bank International AG (RBI) have passed in principle a resolution to merge RZB and RBI. In connection with this, the preliminary valuation ranges of the units to be merged were also defined. RZB would be merged into RBI. The merged company will continue to be listed on the stock exchange.
Cental banks push “step-like” rate hike cycles * Confident outlook in CE/SEE * Euro area’s economy is better than its reputation * Austria: moderate economic recovery * Friendly year-end at Vienna Stock Exchange