RBI securitizes € 1.2 billion Slovak loan portfolio
RBI has entered into the securitization of a € 1.2 billion loan portfolio of its Slovak subsidiary bank Tatra banka, consisting of corporate loans and project financing.
Raiffeisen Bank International AG (RBI) has entered into the securitization of a € 1.2 billion loan portfolio of its Slovak subsidiary bank Tatra banka, consisting of corporate loans and project financing. The synthetic securitization was tranched into a senior, mezzanine and a junior risk position. The credit risk of the mezzanine tranche was sold to a European institutional investor, while RBI AG kept the credit risk of the junior and senior tranche. Due to this securitization structure, the transaction doesn’t impact client relations.
On a group level, the transaction strengthens the common equity tier 1 ratio (fully loaded) by around 12 basis points.
“Securitizations are an important instrument for strengthening our capital ratio. We chose an innovative structure which doesn’t affect our client relations and supports our growth on group level due to the risk transfer,” says Martin Grüll, CFO of RBI.
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Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 14 markets of the region are covered by subsidiary banks. Additionally, the group comprises numerous other financial service providers, for instance in the fields of leasing, asset management, as well as M&A.
In total, nearly 50,000 employees service 16.5 million customers through more than 2,400 business outlets, the majority thereof in CEE. RBI's shares are listed on the Vienna Stock Exchange. The Regional Raiffeisen Banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Raiffeisen Banking Group, RBI is the central institute of the Regional Raiffeisen Banks and other affiliated credit institutions and renders important services in this function.
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