Raiffeisen Bank AG ( RBI ) will merge with its parent company , Raffeisen AG ( RZB ) in order to increase the firms ' combined buffer . Shareholders of the bank approved the merger by 99.4 % to 0.6 % , with 73.5 % of the shares raised at the meeting . Initially , the merger was proposed by RZB after the banks together came third - last in a stress test of 51 major European lenders last year . RZB owns 60.7 % of RBI and is itself owned by the cooperative Raffeisen group 's regional units .
Raiffeisen Bank International (RBI) will merge with its parent company, Raffeisen Zentralbank (RZB) in order to increase the firms' combined buffer. Shareholders of the banks approved the merger by 99.4% to 0.6%, with 73.5% of the capital represented at the meeting. Initially, the merger was proposed by RZB after the banks together came third-last in a stress test of 51 major European lenders last year. RZB owns 60.7% of RBI and is itself owned by the cooperative Raffeisen group's regional units.