Eavista acquires shares in Card Complete - what does that mean for customers?

Eavista acquires shares in Card Complete - what does that mean for customers?

Laimgrubengasse 10, 1060 Wien, Österreich - On February 17, 2025, the Austrian investment company Eavista Beteiligungswaltungs GmbH officially acquired the shares of Unicredit Bank Austria and Raiffeisen Bank International at the credit card provider Card Complete Service Bank AG. This significant transaction provides for the acquisition of 50.1 percent of Unicredit's shares and 25 percent of Raiffeisen, while 24.9 percent remain with the AVZ private foundation. The agreement on the purchase prices and other details remains confidential, as from the EAVISTA is managed by Arif Babayev, a British entrepreneur with over 20 years of experience in the financial services sector. Under his leadership, Card Complete will continue to act as full service card providers, but Unicredit and Raiffeisen can offer credit cards directly via Card Complete in the future. While the core strategy of Card Complete remains unchanged, all other payment options such as ÖAMTC and Miles & More remain. This strategic restructuring aims to further strengthen the market position of Card Complete, one of the leading providers in cashless payment transactions in Austria.

The Raiffeisen Bank International, which is considered one of the leading corporate and investment banks in Austria, plays a crucial role in this transaction. Their strong roots in Austria go back over 130 years, with a far-reaching network in Central and Eastern Europe. According to rb.cz , the RBI employs around 46,000 employees and serves 16.7 million customers in over 2,000 branches in the region. The innovative partnership as part of the UN Principles for Responsible Banking shows the commitment of the RBI for sustainable banking, which could also be important for future strategic decisions.