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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.
Alexandra Schwarz-goerlich
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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
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