Raiffeisen Bank Polska IPO postponed due to lack of interest

Raiffeisen Bank International AG (RBI) decided today to suspend the Initial Public Offering (IPO) of its subsidiary Raiffeisen Bank Polska S.A. This was due to an insufficient level of interest in the offer on terms that meet the parameters of RBI’s commitment to the Polish Financial Supervisory Authority to float shares of Raiffeisen Bank Polska on the Warsaw Stock Exchange. The decision to suspend the IPO was taken without an indication of a new timetable to replace the previously announced offering period. In connection with its decision to suspend the IPO, RBI has filed a supplement to the issue prospectus, which is still subject to the approval of the Polish regulator. RBI is in discussions with the Polish regulator on how to proceed.