The final details of the upcoming bond will be presented during the same meeting, the bank said in a call to its stockholders.
Also on April 19, Raiffeisen Bank’s shareholders are expected to approve the 2012 financial report, as well as the revenue and expenditure budget for 2013 and the bank’s merger by absorption with Raiffeisen Capital & Investment.
Raiffeisen Bank Romania, a unit of Austria’s Raiffeisen Bank International AG, reported an 8.4% decline in its net profit to EUR88 million in 2012, hurt by higher provisions.
The bank’s assets fell 4% to EUR5.31 billion.
On Monday, rival bank UniCredit Tiriac, the local unit of Italian group UniCredit, announced plans to launch its first bond on the domestic market in the second half of the year, most likely as part of a larger medium term note program.
UniCredit didn’t say how much it hopes to raise, but mentioned the bond would not exceed the equivalent of EUR1 billion. (EUR1=RON4.4078)