| Project Detail |
the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group issued a guarantee totaling €100 million to?Raiffeisen Bank International AG (RBI) for their equity investments (including retained earnings) into its subsidiary?Raiffeisen Bank Joint Stock Company (RBUA) in Ukraine. The MIGA guarantee will cover?Expropriation of Funds for mandatory cash reserves in RBUA for a period of up to one year and one day. RBUA is one of the leading banks in Ukraine, the largest private bank and the largest bank with foreign capital, measured both in total assets and in volume of performing loans.?RBI is a major banking and financial services group in Austria with operations across central, eastern, and southeastern Europe. RBI is a repeat client and has a longstanding business relationship with MIGA. RBUA is one of the 12 RBI’s subsidiaries outside of Austria which holds mandatory cash reserves with the central bank, based on the volume of customer deposits. Mandatory cash reserves affect RBI’s overall risk-weighted assets (RWA) at the consolidated level, resulting in less headroom for other assets at a given level of capital. |
