RBI: Extraordinary General Meeting approves merger with RZB (press release):

The Extraordinary General Meeting of Raiffeisen Bank International AG (RBI) has approved the merger with Raiffeisen Zentralbank Österreich AG (RZB) by a clear majority.

“The merger of RZB and RBI eliminates the minority deduction from capital and leads to an immediate improvement in the common equity tier 1 ratio of the ultimate group”, said Karl Sevelda, CEO of RBI.

Shareholders also approved the capital increase related to the merger. RBI's share capital will be increased by EUR 109,679,778.15, from EUR 893,586,065.90 to EUR 1,003,265,844.05 through issuance of 35,960,583 new no par value common bearer shares.

The merged company will – as previously the case for RBI – operate under the name of Raiffeisen Bank International AG, and RBI shares will continue to be listed on the Vienna Stock Exchange. The number of shares issued will increase to 328,939,621.