Raiffeisen Bank is exploring options for the future of its Russian subsidiary
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Austrian Raiffeisen Bank International (RBI) said it continues to explore various options for the future of its Russian subsidiary amid reports of demands from the European Central Bank (ECB) to leave the Russian market. They clarified that this process has been going on for a long time due to the “complexity of the situation” and the restrictive measures introduced by the Russian authorities. The timing of the final decision on the future of its Russian “daughter” in the RBI did not specify.
“RBI is exploring all strategic options for the future of Raiffeisenbank Russia, up to and including a carefully thought-out exit from the bank,” they said. “RIA News” in the Austrian banking group.
Earlier, Reuters, citing its own sources, reported that the ECB demanded that the Austrian banking group Raiffeisen Bank close its business in Russia and immediately leave Russian market.
In February, the US Treasury began an investigation into the Austrian group RBI in connection with its Russian business. According to Der Standard, Raiffeisen Bank studies the possibility of exchanging with Sberbank of Raiffeisenbank (a subsidiary of Raiffeisen Bank in Russia) for the assets of Sberbank Europe.
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