Representatives of Vienna based Raiffeisen Bank International AG (RBI) participate in the state visit of the Federal President of the Republic of Austria to China from 7 to 12 April. During the visit, a large Chinese corporation and a large local bank signed financing cooperation agreements with RBI regarding business in Central and Eastern Europe (CEE). Already during last year’s “Belt and Road Forum”, RBI entered into Strategic Cooperation Agreements with the Industrial and Commercial Bank of China, the Sino CEE Fund and the China Development Bank.

“Many Chinese corporations investing in Austria and CEE trust in RBI’s service, especially in the fields of leasing, cash management, trade finance as well as M&A advisory and finance. With the support of the RBI Beijing branch, we established account relationship with subsidiaries of about 50 Chinese groups in our home market Austria and CEE”, said Peter Lennkh, RBI board member for Corporate Banking. Especially RBI’s network units in Hungary, the Czech Republic and Serbia already financed several large investment projects by leading Chinese groups and will increase their activities under the Chinese Belt and Road initiative.

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 RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or 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.