Raiffeisen mandates Deutsche, UBS, Centro for cap hike
VIENNA Jan 9 (Reuters) - Austrian lender Raiffeisen Bank International has mandated Deutsche Bank, UBS and Raiffeisen Centrobank to handle its planned equity capital increase of up to 2.25 billion euros ($3.1 billion), it said on Thursday.
Central and eastern Europe's second-biggest lender announced the planned issue - which still depends on market conditions - late on Wednesday.
The move would let it shore up its balance sheet and repay state aid it got during the financial crisis, much as rival Erste Group Bank did last year.
In a presentation on its website, RBI said a 2.25 billion euro capital increase would boost its fully phased-in Basel III core equity Tier 1 capital ratio to around 9.1 percent of risk-weighted assets (RWA) from 6.5 percent now.
Retained earnings and RWA management would help boost this to 10 percent over the next 12 to 18 months, bringing it in line with its closest competitors, it added.
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing Malaysia plane: sources |
- Kremlin website hit by 'powerful' cyber attack
- West prepares sanctions as Russia presses on with Crimea takeover |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data