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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Russian Federation

ZAO Raiffeisenbank Austria

$47.5 million
Financial Services
Project Brief
Not Active
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MIGA has issued Raiffeisen Zentralbank Österreich AG of Austria a $47.5 million guarantee covering its $50 million subordinated shareholder loan to ZAO Raiffeisenbank Austria (RBRU) of the Russian Federation. The guarantee is for a period of up to seven years and covers against the risks of transfer restriction and expropriation.

The shareholder loan will help to strengthen RBRU’s Tier II capital to allow the bank to continue growing its portfolio. RBRU offers a full range of services, including retail, corporate finance, and investment banking. In 2003, it was the first bank in the market to offer consumers unsecured multipurpose loans. That same year, its corporate credit portfolio grew by 52 percent.

This project supports a significant foreign player in a banking sector plagued by fundamental and structural weaknesses with few foreign investors. The presence of a bank like RBRU, with its governance, transparency, advanced risk management, and operational know-how, is key to the development of Russia’s banking sector. By supporting the expansion of RBRU’s high-quality services, this project will benefit consumers and have a demonstration effect on the financial sector. It also complements Russia’s country assistance strategy, which aims in part to increase effective financial intermediation and opportunities for the entry and growth of new firms.

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