RBI in advanced negotiations on the sale of its Belarusian subsidiary Priorbank

Raiffeisen Bank International AG (RBI) is in advanced negotiations on the disposal of its 87.74 per cent stake in Priorbank JSC and its subsidiaries, with Soven 1 Holding Limited, an investor from the United Arab Emirates, resulting in a potential exit of RBI
from the Belarusian market. 

The signing of the transaction is – among other conditions – pending proof of funds by the investor with transfer of full
collateral for the transaction consideration.

• The expected impact on the CET1 ratio of RBI Group is minimal.
• The transaction would trigger a loss of approximately EUR 225 million on RBI Group, resulting from the difference of the purchase price and book value of the equity of Priorbank JSC.
• At closing, a further negative impact in the range of EUR 450 million is expected on RBI Group’s consolidated profit, relating to the reclassification of predominantly historical FX losses currently recognized in other comprehensive income. This reclassification of losses would have no impact on the regulatory capital of RBI Group.