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Raiffeisen International acquires Czech eBanka

24 July 2006

Raiffeisen International acquires Czech eBanka

Raiffeisen International Bank-Holding AG will acquire 100 per cent of Czech eBanka, a.s. subject to a successful closing and the approval of the transaction by the Czech National Bank and other relevant authorities in the Czech Republic and Austria. An agreement between both parties was signed in Prague this evening. eBanka, which had a net asset book value of € 42 million at the end of the first quarter 2006, will be purchased for € 130 million.

With this acquisition, Raiffeisen International, a member of RZB Group, will boost its retail customer base by over 70 per cent to almost 300,000 clients in the Czech Republic. eBanka serviced approximately 117,000 customers at the end of the first quarter 2006. The customer base consists of private individuals and small and medium sized companies.

“eBanka is a perfect strategic fit with our Raiffeisenbank”, says Herbert Stepic, CEO of Raiffeisen International. “With eBanka’s customer base and 37 additional branches, our retail banking will gain significant momentum in the Czech Republic”, Stepic added.

eBanka is a pure retail bank and started operations in 1998. Its shares are held by Ceska pojistovna, the largest Czech insurance company. Ceska pojistovna is a member of the PPF Group, which is a major financial group in the Czech Republic. eBanka’s total assets amounted to € 611 million and the bank employed a staff of approximately 900 at the end of March 2006. At the same time the assets of Raiffeisenbank a.s. amounted to € 2.7 billion, the bank had 50 branches and employed 1,149 people. Raiffeisenbank has been operating as a universal bank since 1993.

The combined market share in terms of total assets (at the end of 2005) will be 3.2 per cent. Together both banks will rank 6th in the Czech market.

Susanne E. Langer
Head of Investor Relations
Raiffeisen International Bank-Holding AG
A-1030 Vienna, Am Stadtpark 9
Tel.: +43 (1) 717 07 2089
Fax: +43 (1) 717 07 2138