{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ithuba Capital has successfully advised Raiffeisen Bank International on the sale of its Belarusian subsidiary, Priorbank, to Soven 1 Holding Limited. The transaction, which involved the sale of 100% of Raiffeisen CIS Region Holding GmbH's shares, was completed on November 29, 2024, despite a challenging environment. Details regarding the purchase price and contractual agreements remain confidential, further highlighting Ithuba Capital's expertise in complex cross-border M&A transactions.
Raiffeisen Bank International (RBI) has successfully completed the sale of its Belarusian subsidiary, Priorbank JSC, to Emirati firm Soven 1 Holding. This move marks a significant step in RBI's strategic realignment in the region.
Raiffeisen Bank International AG has completed the sale of Priorbank JSC to Soven 1 Holding, a move aimed at reducing risk in Eastern Europe. The transaction, which was announced in February and signed in September 2024, will negatively impact the Group's Common Equity Tier 1 ratio by 5 basis points and result in a loss of approximately EUR 830 million recognized in discontinued operations. CEO Johann Strobl expressed gratitude to Priorbank's staff for their service since 2003.
Priorbank JSC AAT
Companies
09:30 03.12.2024
17:52 29.11.2024
Euro
Soven 1 Holding
Priorbank JSC AAT
Raiffeisen Bank International AG
BLR
John Carlson
Johann Strobl
Show more
16:06 29.11.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Market Sentiment Analysis
Central Bank Actions
Inflation Rates & CPI Data
Decentralized Finance (DeFi) Innovations
Hedge Funds & Private Equity
Market Analysis and Predictions
Cryptocurrency Regulations
Tokenomics and Crypto Economics
Banking Regulations
Mergers & Acquisitions
Cryptocurrency & Blockchain Regulations
Employment Reports
Anti-Money Laundering (AML) Regulations
Banking & Investment Regulations
Cryptocurrency Developments
Bond Market & Treasury Yields
Blockchain Technology Adoption
Countries:
Companies:
Currencies:
People:
Apple Inc.
NVIDIA Corporation
Coinbase Global, Inc.
Solana USD
BlackRock, Inc.
MicroStrategy Inc
JPMorgan Chase & Co.
Ripples USD
Bank of America Corporation
The Goldman Sachs Group, Inc.
Kraken Energy Corp.
Tesla, Inc.
Bitwise Bitcoin ETF
Ethereum USD
Credit Suisse Real Estate Fund Siat
Grayscale Bitcoin Trust ETF
Novartis AG
Microsoft Corporation
Capital One Financial Corporation
Ripple USD USD
United States Dollar
Euro
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
British Pound Sterling
Australian Dollar
Russian Ruble
Philippine Peso
Malagasy Ariary
Singapore Dollar
Hong Kong Dollar
Armenian Dram
Bahamian Dollar
South Korean Won
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.