Austrian banking group Raiffeisen Bank International (RBI) wants to transfer its Russian division to its shareholders Reuters.
According to agency sources, the owners of the RBI can buy shares in the new company to be registered in Vienna.
It is not yet clear whether this structure will be independent of the RBI and under whose control it will be – the Austrian authorities or the EMB.
Another source said the department’s “degree of independence” from the RBI will determine whether the ECB oversees it. US authorities have already expressed their concerns about how the organization will be monitored for money laundering.
Meanwhile, a possible deal has already faced hurdles, including getting European Central Bank (ECB) approval and Washington’s “blessing” examining the bank’s ties with Russia, according to Reuters.
On May 5, RBI management decided to terminate correspondent relations with all Russian banks except its Russian subsidiary Raiffeisenbank.
11 May recognizedThat the RBI has decided on correspondent relations with CIS banks.