Loans to customers will decrease significantly in 2026, up to 65% compared to the third quarter of last year, as well as international payments from the Russian Federation.
Austria’s Raiffeisen Bank International (RBI) expects the European Central Bank to soon ask it to speed up the winding down of its business in Russia. It was reported by Reuters.
It was noted that according to the requirements of the draft, loans to customers will be significantly reduced by 2026, up to 65% compared to the third quarter of the previous year, as well as international payments from the Russian Federation.
The bank said the requirements in the ECB’s draft go beyond SBI’s plans to further reduce its Russian business and could negatively affect the possibility of selling the joint-stock company. Raiffeisenbank.
“RBI aims to achieve deconsolidation of JSC Raiffeisenbankincluding through the sale of this division,” RBI said in a statement.
It was previously reported that Austrian Raiffeisen Bank International for the second time postponed plans to exit Russia.
We remind you. According to media reports, Raiffeisen Bank International has found a risky way to reduce the costs of withdrawing its money from Russia. In particular, the bank entered into an agreement with Oleg Deripaska, who is under EU sanctions. The Austrian bank expects to receive an asset worth 1.1 billion euros, while the loss is less than 30%.
Source: korrespondent
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