Image: APA/HERBERT NEUBAUER
The extraordinary general meeting of Raiffeisen Bank International (RBI) approved the dividend for the previous financial year of EUR 0.80 per share on Tuesday. The topic was postponed at the end of March until autumn – because of the uncertain economic situation and the lack of clarity regarding the Russian business, as it was said.
RBI shareholders took the opportunity to ask questions about the bank’s involvement in the struggling Signa Group. It was asked, for example, whether the RBI had perhaps not looked closely enough or examined the financed projects closely enough. CEO Johann Strobl said that the bank always carries out its own valuations of the financed properties in the real estate sector. The department that carries out the evaluation is independent of customer service.
How high is the RBI’s financing volume at Signa, and how do you deal with it? Due to banking secrecy, he could not provide any information about individual customers, said risk director Hannes Mösenbacher. According to him, RBI’s top five commitments in the real estate sector (as of September 30) have a volume of 2.2 billion euros, with the largest commitment making up 755 million euros and the second largest commitment 528 million. According to insiders, Signa is likely to be there. In total, the financing is “secured by the land register at 70 percent,” said Mösenbacher.
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