Raiffeisen Bank Romania Bond

completed

The proposed project consists of an IFC senior debt investment of up to RON100 million in a bond to be issued by Raiffeisen Bank S.A. (“RBRO”, or the “Bank”). IFC has no other exposure to the Bank.RBRO is the sixth largest bank in Romania with total assets of EUR5.7 billion, equity of EUR658 million, and net income of EUR86 million as of the end of September 2013. With 7.2% market share, a national network of 527 branches for approximately 2 million clients, RBRO remained profitable throughout the financial crisis. RBRO offers a wide range of banking services with a nationwide presence and has a history of about 20 years on the local market. Raiffeisen group’s presence in Romania started in 1994 with a representative office, and in 1998 started to operate as a fully operational subsidiary focused on corporate banking. In 2001, the Raiffeisen group acquired Banca Agricola and in 2002 the acquired bank was merged with the RZB subsidiary in Romania.