From April 3, Raiffeisenbank will limit customers’ ability to make outbound dollar-denominated transfers to individuals. Transactions will only be available to customers of the Friedrich Wilhelm Raiffeisen division (works with wealthy customers) and subscribers to the Premium or Premium 5 service package until the end of February. About this bank knowledgeable on your telegram channel.
From the same day, the minimum remittance amount will be $20,000 (since the beginning of March, the minimum threshold for each transaction for Internet transfers has increased to $10,000 or the equivalent in another currency at the Central Bank rate, previously $10,000. $5,000) .
Following the bank’s post, “We are compelled to impose these restrictions, as we must not exceed the limits set by the correspondent banks on the number of payments in foreign currency.”
formerly Reuters reportedThe European Central Bank demanded that Raiffeisen Bank exit the Russian market. According to the sources, the ECB is not demanding immediate withdrawal, insisting on the creation of an action plan to restrict the bank’s activities in the Russian Federation. It is alleged that such a plan could involve the sale or closure of the Russian division.
Sources said that although Raiffeisen Bank does not intend to provide such a plan, some Austrian officials consider the ECB’s actions as undue interference.