Raiffeisen Bank to support delivery of agricultural machines to Azerbaijan

Raiffeisen Bank to support delivery of agricultural machines to Azerbaijan

Baku, Azerbaijan, Sept. 8

By Leman Zeynalova - Trend:

Austria’s Raiffeisen Bank (RBI) will support delivery of agricultural machines to Azerbaijan, the bank told Trend.

"Currently we have a project regarding the delivery of agricultural machines amounting to several million euros," said the Austrian Bank.

RBI said it is a long term partner of banks in Azerbaijan providing correspondent relations to them, thus enabling local banks to process their international payments in euros and other main currencies.

"Cooperating in the field of Trade Finance, we support delivery of goods and services to Azerbaijan and its economy. This support is especially important considering investment goods such as machines and equipment," said the bank.

Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the group comprises numerous other financial service providers, for instance in the fields of leasing, asset management, as well as M&A. To support its business activities, RBI operates representative offices and service branches at selected Asian and Western European locations.

Around 47,000 employees service 16.4 million customers through more than 2,100 business outlets, the by far largest part thereof in CEE. RBI's shares have been listed on the Vienna Stock Exchange since 2005.

RBI is Austria's second-largest bank with a balance sheet total of € 148.6 billion (as per 30 June 2019). The Austrian Regional Raiffeisen Banks hold approximately 58.8 per cent of the shares, the remainder of around 41.2 per cent is free-float.

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