Raiffeisen securitizes €1.2bn of Slovak loans for cap relief

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By Jon Hay
30 Nov 2017

Raiffeisen Bank International has securitized a €1.2bn portfolio of corporate and project finance loans from its Slovak subsidiary, Tatra banka, in what it believes is the first ever securitization of Slovak assets.

“We are doing this because we can relieve capital without in any way affecting our client relationships, and in a way where the cost of this transaction is lower than our cost of capital,” said Martin Grüll, chief financial officer of RBI, in Vienna. “It’s a synthetic securitization, ...

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