Reuters logo
BRIEF-Raiffeisen says merger savings will mainly come from financing costs
March 16, 2017 / 12:47 PM / 8 months ago

BRIEF-Raiffeisen says merger savings will mainly come from financing costs

March 16 (Reuters) - Raiffeisen Bank International :

* CFO Gruell says synergies from merger with RZB will come more from reduced funding costs than from operational costs

* CFO Gruell says areas where efficiency can be improved in Poland include branch network, which has too few customers per branch, and significant mid-office layer

* CEO-designate Strobl says 13 percent fully loaded CET 1 ratio should be level that is good for us in coming years

* CEO-designate Strobl says there will be opportunities for organic growth and acquisitions in coming years

* CEO Sevelda says that over the years there might be a tendency for Raiffeisen landesbanken to reduce shareholding in RBI

* CEO-designate Strobl says on NPLs that if price is right we will sell, confident we will reach 8 percent target

* CFO Gruell says we do not expect significant change in general administrative expenses of combined bank this year

* CEO-designate Strobl says we are not in talks with anyone at the moment but there will be opportunities to purchase loan portfolios

* CEO-designate Strobl says Raiffeisen landesbanken have shown they are comfortable with a stake of 40 percent in RBI

* Strobl says landesbanken stake could shrink through capital increase they don’t participate in as well as by a sale Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below