RBI concludes cooperation agreement with Banco Santander


Vienna-based Raiffeisen Bank International (RBI) and Spanish Banco Santander, S.A. have recently concluded a cooperation agreement.


Vienna-based Raiffeisen Bank International (RBI) and Spanish Banco Santander, S.A. have recently concluded a cooperation agreement regarding the mutual referral and servicing of corporate customers. Especially small and medium-sized enterprises and large international corporations are targeted to benefit from the partner banks' service offerings on their respective home markets.

While RBI is clearly focused on Central and Eastern Europe (CEE), Banco Santander is active in Europe and the Americas.

Peter Lennkh, RBI Managing Board member in charge of Corporate Banking, is pleased with the arrangement: "This agreement creates added value for our respective customers, and we thereby strengthen our position as a reliable partner for them." Javier Arias, responsible for International Business Development at Banco Santander, adds: "This is a win-win situation for both our customers and us. We are glad to present a strong partner for our customers wanting to expand to other countries."

First business transactions under the cooperation agreements have already been signed.

* * * * *

Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful market share in 10 core countries in Europe and the Americas, and is among the world’s top banks by market capitalization. At the end of June 2017, Banco Santander had EUR 1.65 trillion in managed funds, 131 million customers, 13,800 branches and 200,000 employees. Banco Santander made attributable profit of EUR 3.6 billion in the first half of 2017, an increase of 24% compared to the same period last year.

* * *

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 leasing, asset management or M&A.

In total, approximately 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 Austrian Regional Raiffeisen Banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian 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.


For further information please contact:
Ingrid Krenn-Ditz (+43-1-71 707-6055, ingrid.krenn-ditz@rbinternational.com) or
Christof Danz (+43-1-71 707-1930, christof.danz@rbinternational.com)