The Bank’s Russian division for 2024 brought 873 million euros, which is 35% lower than 2023.
The Australian Raiffeisen Bank International on Russia’s trial in the IV quarter of 2024 threw a reserve worth 840 million euros and for the first time many years recorded a loss from the Russian unit. This is stated in the Austrian team report and presentation.
The total group loss reached 895 million euros after taxation. Russian assets provide 27% of the total quarterly loss of the group after taxation.
The Bank’s Russian division for 2024 brought 873 million euros, which is 35% lower than 2023.
In 2024, income dropped 1.9 times, to 1.358 billion euros.
“The RBI achieved a satisfactory result in 2024, despite significantly unscrupulous costs. The Belarusian sale before allowing the group to reduce political risk. Business reduction in Russia is rapidly Speed, “said the CEO RBI Johann Stoble.
The RBI also noted that the ban on receiving new deposits was introduced to Russia, and that funds in current accounts did not gain interest. According to the results of the IV quarter of 2024, the Russian loan portfolio was reduced by 30.1%.
Raiffeisen Bank International has repeatedly said that he wants to separate his business in Russia. But after nearly three years of war between Russia and Ukraine, little has changed.
Moscow confiscated € 2 billion with Raiffeisen, despite its work in the Russian Federation
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Source: korrespondent
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