Representatives of Vienna based Raiffeisen Bank International AG (RBI) have participated in the state visit of the Federal President of the Republic of Austria to China from 7 to 12 April. During the visit, a large Chinese corporation and a large local bank signed financing cooperation agreements with RBI regarding business in Central and Eastern Europe (CEE). Already during last year’s “Belt and Road Forum”, RBI entered into Strategic Cooperation Agreements with the Industrial and Commercial Bank of China, the Sino CEE Fund and the China Development Bank.
“Many Chinese corporations investing in Austria and CEE trust in RBI’s service, especially in the fields of leasing, cash management, trade finance as well as M&A advisory and finance. With the support of the RBI Beijing branch, we established account relationship with subsidiaries of about 50 Chinese groups in our home market Austria and CEE”, said Peter Lennkh, RBI board member for Corporate Banking. Especially RBI’s network units in Hungary, the Czech Republic and Serbia already financed several large investment projects by leading Chinese groups and will increase their activities under the Chinese Belt and Road initiative.