Case No COMP/M.6618 - RAIFFEISEN BANK INTERNATIONAL/ RAIFFEISEN BANK POLSKA

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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 30/07/2012

In electronic form on the EUR-Lex website under document number 32012M6618

Office for Publications of the European Union L-2985 Luxembourg

EUROPEAN COMMISSION

Brussels, 30.07.2012 C(2012) 5570

PUBLIC VERSION

SIMPLIFIED MERGER PROCEDURE

To the notifying party:

Dear Madam(s) and/or Sir(s),

Subject: Case No COMP/M.6618 - RAIFFEISEN BANK INTERNATIONAL/ RAIFFEISEN BANK POLSKA Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004

1.On 21 June 2012, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Raiffeisen Bank International AG (‘RBI’, Austria) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Raiffeisen Bank Polska SA (‘RBPL’, Poland) hitherto jointly controlled by RBI and EFG Eurobank Ergasias SA (‘EFG Eurobank’, Greece) by way of purchase of shares by way of purchase of shares.

The business activities of the undertakings concerned are:

-- RBI: a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (Austria, ‘RZB’), the Austria based steering company of the RBI Group, which through a network of subsidiary banks, leasing companies and other financial service providers offers a comprehensive range of banking and financial services.

1OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision.

Commission européenne, 1049 Bruxelles, BELGIQUE / Europese Commissie, 1049 Brussel - BELGIË. Telephone: (32-2) 299 11 11.

RBI’s international activities focus on the emerging markets in Central and Eastern Europe. RBI is present in Poland through its subsidiaries RBPL and RLP,

-- RBPL: operates under a Polish banking license with a focus on serving corporate customers and small and medium-sized enterprises.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5 (b) and 5 (d) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.

For the Commission (Signed) Alexander ITALIANER Director General

2Publication in the Official Journal of the European Union No C 208, 14.07.2012, p.6

3OJ C 56, 5.3.2005, p. 32.

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