On December 30, 2022,the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group issued a guarantee totaling EUR100 million toRaiffeisen Bank International AG (RBI) for their equity investments (including retained earnings) into its subsidiaryRaiffeisen Bank Joint Stock Company (RBUA) in Ukraine. The MIGA guarantee will cover Expropriation of Funds for mandatory cash reserves in RBUA for a period of up to one year and one day.
RBUA is one of the leading banks in Ukraine, the largest private bank and the largest bank with foreign capital, measured both in total assets and in volume of performing loans.RBI is a major banking and financial services group in Austria with operations across central, eastern, and southeastern Europe. RBI is a repeat client and has a longstanding business relationship with MIGA. RBUA is one of the 12 RBI's subsidiaries outside of Austria which holds mandatory cash reserves with the central bank, based on the volume of customer deposits.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Raiffeisen Bank International AG||Client||Finance|
|-||-||-||-||Raiffeisen Bank Joint Stock Company||Subsidiary||Finance|
Client - Raffeisen Bank International AG:
Address: Am Stadtpark 9, 1030 Vienna
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information
You can also request general information about MIGA and for information on guarantees by emailing: firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org