HomeEconomyRaiffeisen Bank expects a...

Raiffeisen Bank expects a request from the ECB to exit the Russian market

Photo: Weingartner-Foto

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%.

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...