Austrian banking group Raiffeisen Bank International (RBI) is considering the option of rebranding following the possible sale or separation of its Russian subsidiary. An Austrian newspaper reports this Kleine Zeitung Citing an RBI spokesperson.
“Most likely during a sale or spin-off [российской «дочки»] “There will be a rebranding and you need to be prepared for any situation,” he said.
The RBI also confirmed that its Russian branch had registered four new trademarks with Rospatent that do not directly reference the Raiffeisen brand. This may indicate preparations for rebranding.
Let us remind you that Raiffeisen has been operating in Russia since 1996 and is a subsidiary of Raiffeisen Bank International AG, one of Austria’s largest banking groups.
RBI Governor Johann Strobl last month registeredIt was stated that the banking group is evaluating the options of separating or selling the business in Russia into a separate structure. In this case, sales can only be made to a buyer who is not subject to sanctions.
Previously RBI announced About the intention to leave Russia in the spring of 2022 after the start of a special operation in Ukraine.