Raiffeisen Bank intends to get rid of its Russian division

Raiffeisen wants to divest itself of Russian business

The focus is on transactions that lead to an exit, said RBI CEO Johann Strobl at the Annual General Meeting.

Raiffeisen Bank intends to get rid of its Russian division

The CEO of RBI said that the bank cannot “immediately curtail all operations” in the Russian Federation, but will try to resolve the issue.

Austrian Raiffeisen Bank has decided on the fate of its business in Russia

Raiffeisen Bank International has decided on the fate of its Russian division. The Austrian bank intends to sell the asset or withdraw it from the group's perimeter. At the same time, Raiffeisen will retain part of its business in Russia “to meet the conditions of banking

RBI wants to sell or split off its Russian business

Raiffeisen Bank International (RBI), which has a strong presence in Russia, is narrowing down its options in Russia. The focus is on transactions that lead to an exit, said RBI CEO Johann Strobl at the bank's annual general meeting in Vienna on Thursday. Specifically, it concerns a sale or a spin-off. So far, the institute has kept “all options” open with regard to Russia, giving the impression that they wanted to wait out the Ukraine war and sa…

War in Ukraine - RBI is working on selling or splitting off the Russian business

Raiffeisen Bank International (RBI), which has a strong presence in Russia, is narrowing down its options in Russia. The focus is on transactions that lead to an exit, said RBI CEO Johann Strobl at the bank's annual general meeting in Vienna on Thursday. Specifically, it concerns a sale or a spin-off. So far, the institute has kept “all options” open with regard to Russia, giving the impression that they want to wait out the Ukraine war and sanc…