Raiffeisen Bank International AG (RBI) has agreed to sell the core banking operations of Raiffeisen Bank Polska SA by way of demerger to Bank BGZ BNP Paribas SA, a subsidiary of BNP Paribas SA (BNP) today. The sales price is c.€775m, equating to a preliminary price/tangible book value multiple of around 0.95 times. A positive impact of c.90bp on the RBI Group’s CET1 ratio (fully-loaded) based on 31 December 2017 figures is expected as a result of the sale. The direct impact of the
10 Apr 2018
RBI sells Polish subsidiary’s core banking operations to BNP
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RBI sells Polish subsidiary’s core banking operations to BNP
Raiffeisen Bank International AG (RBI:WBO) | 0 0 (-1.3%) | Mkt Cap: 10,401m
- Published:
10 Apr 2018 -
Author:
Dieter Hein -
Pages:
2
Raiffeisen Bank International AG (RBI) has agreed to sell the core banking operations of Raiffeisen Bank Polska SA by way of demerger to Bank BGZ BNP Paribas SA, a subsidiary of BNP Paribas SA (BNP) today. The sales price is c.€775m, equating to a preliminary price/tangible book value multiple of around 0.95 times. A positive impact of c.90bp on the RBI Group’s CET1 ratio (fully-loaded) based on 31 December 2017 figures is expected as a result of the sale. The direct impact of the