Release date: 11 June 2018
Promoter – Financial Intermediary
RAIFFEISEN BANK INTERNATIONAL AGLocation
Description
The project consists of the financing of RBI's 2018-2020 investment programme for the development and implementation of IT systems for the roll-out of new multichannel processes, cyber-security protection, reengineering of the system architecture as well as regulatory requirements.
Objectives
The project will allow the promoter to modernise and redesign its business processes as well as develop the digital transformation of its client interaction system.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 315 million
Environmental aspects
The implementation of banking IT systems is not covered by the Environmental Impact Assessment (EIA) directive 2011/92/EU, as amended. In addition, the project activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.
Status
Signed - 20/11/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).