Objections to the purchase Equa bank from the side Raiffeisenbank nor does the Czech National Bank. Today, it issued the necessary approval, Raiffeisenbank announced. The Office for the Protection of Competition has also previously agreed to the transaction.
“All the basic conditions for the transaction are now met. This will be followed by the settlement of already agreed steps between the shareholders of both banks, the transfer of shares and preparation for the actual legal merger of the two companies, ”explains Raiffeisenbank spokeswoman Petra Kopecká.
“Nothing has changed for Equa bank’s clients. We will keep all clients informed about the next steps so that we can continue to provide them with maximum comfort, simple, clear and modern services and gain their satisfaction and trust, “assures Igor Vida, CEO and Chairman of the Board of Raiffeisenbank.
“Since the first announcement of the intention to merge the two banks, Raiffeisenbank has emphasized that it does not plan to change the existing conditions for Equa bank’s clients,” adds Kopecká.
The Austrian group Raiffeisenbank International (RBI) buys one hundred percent of the shares of Equa bank from the AnaCap Financial Partners fund. The price of the transaction was not disclosed by the companies. A merger under the Czech Raiffeisenbank is planned.
Raiffeisenbank currently has 820 thousand bank clients, together with Raiffeisen stavební spořitelna there are over 1.3 million of them. Equa bank has 488 thousand clients.
Here is ours ranking of the largest banks in the Czech Republic according to the number of clients and the volume of money managed.
This year, in addition to the purchase of Equa bank, Raiffeisenbank also announced an agreement with ING Bank addressing her personal banking clients, also buys payment institution Akcenta.
