The cessation of operations in Russia poses a particular threat to the banking group Raiffeisen Bank International (RBI). But the organization can get away with it. It is on the air on the ORF TV channel on the subject. declaration Helmut Ettl, member of the board of the Austrian Financial Markets Authority.
“The RBI will likely go through a painful process, but the bank will survive,” Attle said.
According to him, the withdrawal of the bank from the Russian market is a positive development.
6 May RBI CEO Johann Strobl declarationRBI 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. 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.
Prior to that, Lokoinvest Investment Director Dmitry Polevoy said that the strengthening of the ruble against other currencies was due to the decision to close foreign exchange correspondent accounts of all Russian banks, except Raiffeisen Bank’s local subsidiary.