Raiffeisen Bank International (RBI) has exceeded its initial plans for exiting the Russian market, demonstrating a strategic response to changing geopolitical conditions.
The bank"s consolidated profit for the first three quarters of the year was 2.1 billion euros, a decrease of 1.5 percent compared to the previous year. It is worth noting that over half of this profit came from operations in Russia and Belarus, underscoring the significant impact of these markets on RBI"s overall financial performance.
The swift reduction of business activities in Russia indicates a shift in strategy.