Raiffeisen Bank buys Equa Bank from the Czech consumer lender

Raiffeisen Bank International (RBI) has agreed to fully acquire Equa Bank of the Czech Republic, which focuses on consumer credit, for an undisclosed price.

The Austrian RBI is the third owner of Equa Bank since it was founded in 1993 by a Malaysian businessman and former Czechoslovak President. In the same year, RBI opened a store in the Czech Republic.

In 2020, Equa Bank’s consolidated net income decreased 55% to $ 8.5 million

Until 2011, Equa Bank operated under the name …

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