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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| BNP Paribas | EU:BNP | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.15 | -0.22% | 67.46 | 67.47 | 67.49 | 67.97 | 67.46 | 67.61 | 133,414 | 08:25:33 |
From May 2019 to May 2024
By Max Bernhard
Raiffeisen Bank International AG (RBI.VI) has agreed to sell its Polish subsidiary's core banking operations to BNP Paribas SA's (BNP.FR) subsidiary, Bank BGZ BNP Paribas SA, for 775 million euros ($953 million).
The sale of Raiffeisen Bank Polska SA will have a positive impact of about 90 basis points on its common equity tier 1 ratio, which measures high-quality capital as a share of risk-weighted assets.
The sale will reduce group profit for RBI by EUR120 million, excluding potential effects of deconsolidation, it said.
Total assets of around EUR9.5 billion and total risk-weighted assets of around EUR5.0 billion have been allocated to the core banking operations as of the end of 2017 as part of the agreement, RBI said.
The deal is expected to close in the fourth quarter and is subject to regulatory approvals.
Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard
(END) Dow Jones Newswires
April 10, 2018 02:41 ET (06:41 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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