Austrian Raiffeisen Bank International (RBI) may withdraw or sell its Russian subsidiary from the group’s periphery. Moreover, this could happen by the end of the third quarter of 2023. RBI CEO Johann Strobl said: transmits interfax.
“If everything works out according to our plans, then one of the options that is more up to us is the division of the business into a separate structure. The current plan foresees that this will not happen before the end of the third quarter,” said Strobl.
According to him, the RBI is now considering two scenarios that would require a series of approvals from various bodies. At the same time, if Raiffeisenbank is sold, the deal will be completed in one quarter.
He added that the company will not sell its Russian structure at any cost. That is, there is an acceptable level at which a transaction can occur.
Earlier on Saturday, Lokoinvest investment director Dmitry Polevoy declarationThe reason for the strengthening of the ruble against other currencies is that all Russian banks, except Raiffeisen Bank’s local subsidiary, decided to close their foreign exchange correspondent accounts.