OREANDA-NEWS. Raiffeisen Zentralbank Osterreich AG (RZB) will launch its capital increase, which has been decided by RZB's Supervisory Board a few weeks ago. Up to 265,035 new shares will be issued at 600 euros per share and an exchange ratio of 21:1. This corresponds to an increase of the nominal capital of up to 19.26 million euros or 4.76 per cent to a maximum of 423.72 million euros. A full subscription would result in a capital increase of 159 million euros.

"RZB's rapid growth as well as its outstanding results over the past years proves that we are on the right track. This growth is based on a strong financial basis, which now gets strengthened even further. The capital increase therefore contributes to RZB's successful development", said RZB's CEO Walter Rothensteiner. He also emphasized that the capital increase strengthened RZB's status as the only globally acting local bank in full Austrian ownership.