{
}
Raiffeisen Bank International (RBI) faces criticism for allegedly supporting Russia amid the ongoing conflict, particularly through its involvement in banknote trading. The bank asserts that cash shipments to Russia ceased immediately after the war began on February 24, 2022. Despite the challenging security environment, RBI will continue to supply Ukraine with foreign currency banknotes to bolster its financial system.
Raiffeisen banking group faces significant risks due to its Russian operations and loans to René Benko's SIGNA, with potential total losses threatening its stability. The European Central Bank is closely monitoring the situation, fearing a chain reaction that could impact regional banks. Sanctions from the US and the possibility of Russian nationalization further complicate the bank's future, as it struggles to transfer trapped profits from its Russian subsidiary.
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.
Christof Danz
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
raiffeisen bank halts cash shipments to russia amid ongoing conflict
20:04 25.03.2025
Raiffeisen Banking Group Faces Major Risks Amid Russian Sanctions and Loans
Russian Ruble
United States Dollar
Euro
Signature Bank
Strabag SE
Raiffeisen Bank International AG
Raiffeisenlandesbank Oberösterreich AG
USA
BLR
AUT
RUS
René Benko
Christof Danz
Oleg Deripaska
Show more
11:19 17.12.2024
Raiffeisen Bank International Completes Sale of Priorbank JSC to Soven 1 Holding
Euro
Raiffeisen Bank International AG
BLR
AUT
Andrea Pelinka-kinz
Johann Strobl
Christof Danz
Show more
16:15 29.11.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Market Analysis and Predictions
Retail and Consumer Goods
Financial Scams and Security
CEO Changes
Global Trade Developments
Central Bank Actions
GDP Growth & Recession Forecasts
Government Policies
Hedge Funds & Private Equity
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Startups & Entrepreneurship
Workplace Trends
Government Economic Policies
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Bank of America Corporation
Apple Inc.
Wells Fargo & Company
Citigroup Inc.
Barclays PLC
Morgan Stanley
Deutsche Bank Money Market PP
Lloyds Banking Group plc
Huawei Technologies CO. Ltd.
American Express Company
Credit Suisse Strategic Income I
UBS Group AG
AMERICAN EXPRESS
Northern Trust Corporation
Berkshire Hathaway Inc.
Amazon.com, Inc.
Banco Santander, S.A.
Currencies:
United States Dollar
Euro
Chinese Yuan
Swiss Franc
British Pound Sterling
Indian Rupee
Japanese Yen
Canadian Dollar
Australian Dollar
Russian Ruble
Saudi Riyal
United Arab Emirates Dirham
Indonesian Rupiah
Hong Kong Dollar
Danish Krone
Offshore Chinese Yuan
Singapore Dollar
Ghanaian Cedi
Mexican Peso
South Korean Won
People: