RBI Central Bank Mandatory Reserves Coverage
On March 30, 2015, MIGA issued a guarantee of €52.3 million ($56.1 million equivalent) covering equity investments by Raiffeisen Bank International AG (RBI) in its subsidiary in Belarus, Priorbank J.S.C. (Priorbank).
In fiscal year 2016, the contract was amended to provide additional coverage of €52.25 million ($58.6 million equivalent). The scope of the project has not changed. Please refer to the brief issued in fiscal year 2015.[i]
[i] The guarantee was cancelled on March 30, 2018.