A special meeting of RBI’s Raiffeisen Bank International (RBI) will merge with its parent company, RZB ( RZB ) in order to increase the firms' combined buffer. Shareholders of the banks approved the merger by 60.7% to 73.5% , 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 third-last . RZB owns 60.7% of RZB and is itself owned by the cooperative Raffeisen group's regional units.
Raiffeisen Bank International (RBI) will merge with its parent company, RZB ( RZB ) in order to increase the firms' combined buffer. Shareholders of the banks approved the merger by 60.7% to 73.5% , 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 third-last . RZB owns 60.7% of RZB and is itself owned by the cooperative Raffeisen group's regional units.