01.07.2021 - Closing of Equa bank acquisition
Raiffeisen Bank International AG (RBI) announces that it has successfully closed the acquisition of 100 per cent of the shares of Equa bank (Equa bank a.s. and Equa Sales and Distribution s.r.o.) from AnaCap Financial Partners (AnaCap), through its Czech subsidiary Raiffeisenbank a.s. The consolidation of Equa bank in the balance sheet of RBI will be reported as of the third quarter 2021, with an impact on RBI’s CET1 ratio of c. 30 basis points based on the ratio as at 31 March 2021.
The acquisition is part of RBI’s strategy to expand its presence in selected markets. “Equa bank and its 488,000 customers, particularly those in the retail and SME segments, complements Raiffeisen Czechia very well. Aside from strengthening our presence in the Czech market, we also see good opportunities to improve our digital offering,” CEO Johann Strobl commented.
At the end of Q1 2021, Equa bank had total assets of more than EUR 2.9 billion, while Raiffeisenbank a.s. reported total assets of EUR 17.1 billion.