IFC invests USD 200 million in Raiffeisen International
Monday, June 20, 2005, 00:00
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, today signed an agreement with Raiffeisen International Bank-Holding A.G. to provide capital in order to support Raiffeisen?s expanding banking network in Central, Eastern, and Southern Europe, the bank announced. IFC?s investment takes the form of loans to Raiffeisen subsidiaries in Belarus, Russia, and Serbia. IFC?s partnership with Raiffeisen group dates back to 1987, when the group set up operations in Hungary, said Edward Nassim, IFC?s director for Central and Eastern Europe.