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Raiffeisen Bank Ukraine aims to maintain its leadership in the corporate segment while expanding its retail market share, according to Board Chairman Oleksandr Pysaruk. The bank plans to enhance digital services and customer experience, investing in the MyRaif app and transitioning to the Raiffeisen Business Online platform. As of October 1, 2024, it ranks fourth among Ukraine's banks by total assets and is among the top three most profitable banks.
The benchmark mortgage rate is expected to drop from 1.75% to 1.5%, potentially benefiting tenants with rent reductions. While a decrease may occur as early as December, experts suggest it is more likely by March, with landlords required to lower rents by 2.9% if the rate falls. However, not all tenants may see automatic reductions, and the rate is projected to stabilize at 1.5% until the end of 2026.
Swiss banks are largely missing out on the cryptocurrency trend, despite a significant portion of the population investing in Bitcoin and Ethereum. While some cantonal banks and Postfinance offer direct purchases, major institutions like UBS and Pictet remain skeptical, limiting their involvement to ETFs. This cautious approach contrasts with the growing interest among younger investors, who often turn to foreign platforms for their crypto transactions.
Raiffeisen Bank has opened two new branches in Esch-Belval and opposite Luxembourg-City"s main railway station, along with a renovated branch in Alzingen, increasing its total to 29 branches in Luxembourg. This expansion comes as ING announced the closure of its retail banking services in the country. The latest retail banking survey indicates a decline in the number of bank branches and ATMs in Luxembourg, with Raiffeisen being one of the few banks still offering retail services.
Peter Spuhler is now pursuing the assets of his childhood friend, Pierin Vincenz, whose financial troubles have led to frozen assets for years. Spuhler is attempting to recover a substantial loan, highlighting a dramatic shift in their fortunes since their careers peaked a decade ago.
Raiffeisen Bank has successfully transformed the previously unsightly building on Le Locle"s Place du Marché, which underwent two years of extensive renovations and several million francs in investment. The bank will officially open its doors on November 18, with a public celebration planned for November 23 from 9 a.m. to 2 p.m. The restoration preserved key heritage elements, including the pediment and columns, reflecting the building"s historical significance.
Peter Spuhler, CEO of Stadler Rail, is pursuing 6.4 million Swiss francs from former Raiffeisen CEO Pierin Vincenz, who failed to fully repay a loan for a luxury villa. Vincenz has not made interest payments since 2022, and his assets are frozen amid ongoing legal issues. Spuhler has initiated debt enforcement proceedings to potentially foreclose on the villa in Teufen AR, as Vincenz struggles to sell the property.
Peter Spuhler is pursuing former Raiffeisen boss Pierin Vincenz over a CHF 6.4 million loan for a luxury villa in Teufen, which Vincenz has failed to make interest payments on since late 2022. Spuhler has initiated debt enforcement proceedings, potentially leading to a forced sale of the villa, which has been on the market since summer 2022 without buyers at the CHF 12 million asking price. The auction could occur as early as spring 2025 if the situation remains unresolved.
Peter Spuhler is pursuing former Raiffeisen boss Pierin Vincenz for over CHF 6.4 million related to a luxury villa in Teufen, Appenzell, after Vincenz stopped making interest payments at the end of 2022. Spuhler has initiated debt enforcement proceedings, potentially leading to a forced sale of the villa, which has been on the market since summer 2022 without buyers at the CHF 12 million asking price. An auction could occur as early as spring 2025 if the situation remains unresolved.
The Zurich High Court has rejected a recusal request against public prosecutors in the Pierin Vincenz case, finding no bias despite complaints regarding the consultation of external experts on the indictment. Vincenz and co-defendants can appeal this decision to the Federal Supreme Court. The case has faced significant delays due to procedural errors in the initial indictment, which the High Court previously overturned, requiring the public prosecutor's office to revise it before a new trial can commence.
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