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Fitch upgrades Raiffeisenbank’s credit rating outlook to positive
February 8 2019
The international rating agency Fitch confirmed Raiffeisenbank’s
The Agency explains the upgrade in the rating outlook by improvement in the creditworthiness of Raiffeisenbank’s parent structure, Raiffeisen Group (RBI). According to the Agency, the ability and likelihood of supporting strategically important subsidiaries, including Russian Raiffeisenbank, has increased.
AO Raiffeisenbank is a subsidiary of Raiffeisen Bank International. AO Raiffeisenbank takes the 10th place in terms of assets at the
Raiffeisen Bank International is a leading corporate and investment bank in the financial markets of Austria and in the countries of Central and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International operates an extensive network of subsidiary banks, leasing companies, asset management companies and other specialized financial services providers in 13 markets.
47,000 employees of Raiffeisen Bank International serve nearly 16 million clients in more than 2,200 branches, most of which are located in Central and Eastern Europe. Raiffeisen Bank International shares are listed on the Vienna Stock Exchange. 58.8% of the shares are held by Austrian banks of Raiffeisen Group, the rest is in free circulation.
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