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The European Central Bank is urging Raiffeisen and UniCredit to maintain capital reserves to mitigate risks associated with their operations in Russia, where they lack effective control. This move may lead to increased capital requirements for both banks, reflecting their exposure to risky commercial real estate loans and the ongoing challenges in the region following the invasion of Ukraine.
The European Central Bank is urging Raiffeisen and UniCredit to maintain capital buffers against risks from their Russian operations, amid ongoing tensions following Russia"s invasion of Ukraine. Both banks are under pressure to reduce their activities in Russia, with Raiffeisen facing additional demands related to risky real estate loans. The ECB"s actions may lead to legally binding capital requirements as it assesses the banks" exposure to unacceptable risks.
The European Central Bank is urging Raiffeisen and UniCredit to maintain capital reserves to mitigate risks associated with their operations in Russia, where they lack effective control. This move may lead to adjustments in the banks" capital requirements, reflecting their exposure to both Russian market risks and risky commercial real-estate loans. Raiffeisen has indicated that its capital requirements will increase starting next year, highlighting the ongoing financial implications of operating in Russia post-invasion of Ukraine.
The European Central Bank is urging Raiffeisen and UniCredit to bolster their capital reserves to mitigate risks linked to their operations in Russia, where they lack effective control. This move may lead to adjustments in individual capital requirements, reflecting the banks" exposure to risky sectors, including commercial real estate. Raiffeisen has acknowledged an increase in its capital requirements starting next year, as both banks face pressure to reduce their Russian operations amid ongoing tensions with the regulator.
The European Central Bank is urging Raiffeisen and UniCredit to maintain capital reserves to mitigate risks associated with their operations in Russia, where they lack effective control. This move may lead to adjustments in the banks" capital requirements, reflecting their exposure to both Russian market risks and risky commercial real-estate loans. Raiffeisen has acknowledged an increase in capital requirements starting next year, highlighting the ongoing financial implications of their presence in Russia nearly three years after the invasion of Ukraine.
Moody"s has upgraded Raiffeisen Group"s long-term deposit rating to "Aa2" from "Aa3," reversing a previous downgrade from 2018. The outlook is now "positive," reflecting strong capital quality and profitability, despite risks in the Swiss real estate market. Additionally, long-term senior unsecured ratings have been raised to A2 from A3, supported by the formation of bail-in capital.
Raiffeisen Bank shares rose to EUR 18.12, crossing the 200-day moving average on November 6, 2024, despite a long-term downtrend since October 30. The stock has gained 1.61% during this period, with a potential upside of 2.15% towards the 6-month high of 18.51. The bank"s model portfolio has averaged a 27.7% annual return since 1999.
Vonovia SE reported a slight decline in EBITDA for its rental segment, down 0.9% to EUR 1.80 billion in the first nine months of 2024, while overall adjusted EBITDA rose 1.4% to EUR 1.99 billion. Rents increased by an average of 3.8%, and the vacancy rate remained low at 2.1%. Despite a loss of EUR 592 million, significantly improved from the previous year's EUR 3.8 billion, the company anticipates adjusted EBITDA for 2025 to reach between EUR 2.70 billion and EUR 2.80 billion.
Raiffeisen Bank International (RBI) is seeking compensation for its Russian operations before considering a full exit, as stated by CEO Johann Strobl. While the bank is reducing its Russian footprint, it lacks a specific exit strategy and faces legal obstacles that may delay the sale of its Russian business. The European Central Bank has mandated RBI to develop a plan to diminish its presence in Russia, prompting significant customer restrictions.
Raiffeisen Bank International (RBI) has stated it will not exit the Russian market without compensation, despite plans for accelerated downsizing. CEO Johann Strobl emphasized the bank"s commitment to its Russian subsidiary while facing legal challenges that could delay its divestment. RBI remains one of the largest Western banks operating in Russia, having cut several major services since the invasion of Ukraine.
Raiffeisen Bank International AG
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ECB urges Raiffeisen and UniCredit to bolster capital for Russia risks
Euro
Russian Ruble
Raiffeisen Bank International AG
UniCredit S.p.A.
RUS
Alexandra Schwarz-goerlich
John O'Donnell
Valentina Za
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16:21 08.11.2024
ECB urges Raiffeisen and UniCredit to bolster capital for Russia risks
United States Dollar
Euro
Russian Ruble
Raiffeisen Bank International AG
UniCredit S.p.A.
RUS
John O'Donnell
Valentina Za
Bart Joosen
Andrea Resti
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15:46 08.11.2024
ECB urges Raiffeisen and UniCredit to bolster capital for Russia risks
Euro
Raiffeisen Bank International AG
UniCredit S.p.A.
RUS
ITA
AUT
UKR
Alexandra Schwarz-Goerlich
John O'Donnell
Valentina Za
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15:45 08.11.2024
ECB urges Raiffeisen and UniCredit to bolster capital for Russia risks
15:45 08.11.2024
ECB urges Raiffeisen and UniCredit to bolster capital for Russia risks
Euro
Russian Ruble
Raiffeisen Bank International AG
UniCredit S.p.A.
RUS
Alexandra Schwarz-Goerlich
Valentina Za
John O’Donnell
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15:37 08.11.2024
Moody"s upgrades Raiffeisen Group"s credit rating to Aa2 with positive outlook
12:28 07.11.2024
Raiffeisen Bank shares rise above 200-day moving average signaling potential recovery
04:32 07.11.2024
Vonovia reports reduced vacancy rates and increased rents with stable EBITDA outlook
09:00 06.11.2024
raiffeisenbank seeks compensation before potential exit from russian market
Euro
United States Dollar
Strabag SE
Raiffeisen Bank International AG
AUT
RUS
UKR
Johann Strobl
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11:04 31.10.2024
raiffeisen bank international insists on compensation for russian exit
United States Dollar
Raiffeisen Bank International AG
Strabag SE
RUS
AUT
UKR
Johann Strobl
Strabag SE
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08:00 31.10.2024
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