Raiffeisen Zentralbank Österreich AG (RZB) established in 1927, is the central institution of the Raiffeisen Banking Group (RBG Group). The owners of the Zentralbank are 8 regional banks which in turn are owned by 473 local Raiffeisen banks (private cooperative banks). With a balance sheet total of EUR 144.9 billion (12/2014), RZB Group is the third-largest bank in Austria and one of the country's leading commercial and investment banks. Raiffeisen Bank International AG (RBI) is a fully-consolidated subsidiary of RZB. RZB indirectly owns around 60.7 per cent of the common stock, the remainder is in free float. RBI considers both CEE (Central and Eastern Europe) and Austria as its home market and is one of the region's top-players. The company also provides its services worldwide and has the strongest Asian presence of any Austrian bank, with branches and representative offices in Beijing, Zhuhai, Harbin, Xiamen, Singapore, Ho Chi Minh City, Hong Kong, Mumbai and Seoul. It is also has offices in New York, Chicago, Houston, Dallas and Connecticut; branches in London and Frankfurt, a subsidiary bank in Malta and representative offices in Brussels, Madrid, Milan, Paris and Stockholm.