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Andrea Pelinka-kinz

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Raiffeisen Bank International Completes Sale of Priorbank JSC to Soven 1 Holding

Raiffeisen Bank International AG has completed the sale of Priorbank JSC to Soven 1 Holding, a transaction initially announced in February 2024. CEO Johann Strobl highlighted the sale as a key move to reduce risk in Eastern Europe, acknowledging the dedication of Priorbank's staff since 2003. The transaction 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.
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Euro Raiffeisen Bank International AG BLR AUT Andrea Pelinka-kinz Johann Strobl Christof Danz Show more
TradFi, Press Release
16:15 29.11.2024
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