Sitemap

Raiffeisen Bank International Signs Agreement To Acquire Credit Agricole Serbia

More...

Swiss Regent Lighting Opens Factory In Serbia

Swiss company Regent Lighting opened a factory...

Agriculture First: To make A Winning Strategy

Conference “Agriculture first” was organized by Agropress...

€177.6m For Development Of Digital Economy, Innovative Business

Prime Minister Ana Brnabic chaired today the...

NALED 2021 Top Members From The Private, Public And Civil Sectors Announced

Svetoslav Atanasov, General Manager of Coca Cola...

€177.6m For Development Of Digital Economy, Innovative Business

Prime Minister Ana Brnabic chaired today the first session of the Council for Encouraging the Development of Digital Economy,...

FDA Panel Backs COVID-19 Boosters Only For Elderly And High-Risk

Dealing the White House a stinging setback, a US government advisory panel overwhelmingly rejected a plan Friday to give...

EIB Continues Supporting Faster And Greener Economic Growth And EU Accession Of Serbia

The European Investment Bank (EIB), the bank of the European Union, will continue to provide hands-on support for fast,...

EU Special Representative Miroslav Lajcak To Visit Serbia

The European Union Special Representative  (EUSR) for the Belgrade-Pristina Dialogue and other Western Balkan regional issues, Miroslav Lajčák, will...

EBRD Supports Modernisation Of Serbia’s Elektrodistribucija

The European Bank for Reconstruction and Development (EBRD) is extending a €40 million loan to Serbia’s electricity distribution company, Elektrodistribucija Srbije...

Raiffeisen Bank International AG (RBI) announces that its Serbian subsidiary Raiffeisen banka a.d. has signed an agreement to acquire 100 per cent of the shares of Crédit Agricole Srbija (Crédit Agricole Srbija a.d. Novi Sad and Crédit Agricole Leasing Srbija d.o.o.) from Crédit Agricole S.A. Successful closing of the transaction is subject to inter alia obtaining regulatory approvals.

The acquisition of Crédit Agricole Srbija is expected to have an impact on RBI’s CET1 ratio of approximately 16 basis points. The final impact is dependent on completion accounts at closing, which is expected by the end of the first quarter of 2022.

“Serbia is a very interesting market for us and offers an attractive growth potential. Crédit Agricole Srbija is an excellent strategic fit to our bank in Serbia and the acquisition will support our growth ambition in the market,” said Johann Strobl, CEO of Raiffeisen Bank International .

Related

Winners Of The VIRTUS Philanthropy Award 2020

Main Award for the contribution on the national level  MK Group LTD for donations totalling more than 1 million euros, intended for the purchase of...

Raiffeisen Bank Chosen As Best Bank And Best Private Bank By EMEA Finance

Raiffeisen Banka has been recognized as Best Bank in Serbia for the fifth consecutive time in the annual European Banking Awards 2020 by the...

Crédit Agricole Srbija serves around 356,000 customers. The bank has a leading position in agricultural-business financing (over 20 per cent market share) and thus complements the business profile of Raiffeisen banka a.d. very well. At the end of the second quarter of 2021, Crédit Agricole Srbija had total assets of € 1.3 billion, while Raiffeisen banka a.d. reported total assets of € 3.4 billion.

On the basis that deal completion is successful, there is a plan to merge Crédit Agricole Srbija with Raiffeisen banka a.d. 

Related Articles

Winners Of The VIRTUS Philanthropy Award 2020

Main Award for the contribution on the national level  MK Group LTD for donations totalling more than 1 million euros, intended for the purchase of...

Raiffeisen Bank Chosen As Best Bank And Best Private Bank By EMEA Finance

Raiffeisen Banka has been recognized as Best Bank in Serbia for the fifth consecutive time in the annual European Banking Awards 2020 by the...

AmCham Elects New Board Members

Annual HERO Award honours health workers, true heroes of today’s world At today’s General Assembly Meeting, members of the American Chamber of Commerce (AmCham) elected...

FIC Telco & Digital Economy Committee Created

Telecommunication & Digital Economy Committee was the last one to be established as part of the reorganization of FIC working committees in 2020. It...

Zoran Petrović, Raiffeisen Bank CEO

We Raise The Bar Even When It’s Tough

We've viewed digital transformation as an imperative for several years already, and have started intensive work and investments in a desire to respond to...

Nebojša Jovanović, President of the FIC Digital and Marija Đinđić, Vice President of the FIC Digital

Together We Can Achieve More

- Nebojša Jovanović, President of the FIC Digital & E-Commerce Committee (Raiffeisen Bank JSC Belgrade);- Marija Đinđić, Vice President of the FIC Digital &...

New President of the Executive Board of Crédit Agricole Srbija

Gianluca Borrelli

Gianluca Borrelli is appointed as the new President of the Executive Board of Crédit Agricole Srbija. Mr. Borrelli comes from a challenging Italian market where...

Business sector and individuals in the fight against coronavirus

The list of donations of the business sector, business and sports associations, charities and individuals is getting longer daily, with the donors allocating significant...