Press release

The acquisition of Raiffeisen Bank International’s (RBI) direct bank ZUNO BANK AG by the Alfa Banking Group, as announced in September 2015, will not be concluded.

The sale and purchase agreement was not completed before expiration of the long stop date as several condition precedents on both sides were not fulfilled.

The SPA was terminated by ABH Holdings S.A. on the 29th February 2016.

For further information please contact Pavel Nazariyan, Managing Director of ABH Holdings S.A.

Information on ABH Holdings S.A.

ABH Holdings S.A. is a privately owned Luxembourg-based conglomerate focused on utilizing its financial and intellectual resources, management and investment expertise to manage value-driven investments in the global banking sector. ABHH stands as the parent entity of the group of companies (collectively the Alfa Banking Group) that is involved in banking and financial services in the Russian Federation, the Netherlands, the United Kingdom, Ukraine, Kazakhstan, Cyprus, and Belarus. ABHH’s subsidiaries collectively have the branch network consisting of 924 offices employing almost 30,000 people who serve over 14 million clients.