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Raiffeisen Bank International completes sale of Priorbank to Soven 1 Holding

Raiffeisen Bank International AG has completed the sale of Priorbank JSC to Soven 1 Holding, a move aimed at reducing risk in Eastern Europe. The transaction, which was announced in February and signed in September 2024, 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. CEO Johann Strobl expressed gratitude to Priorbank's staff for their service since 2003.
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Euro Soven 1 Holding Priorbank JSC AAT Raiffeisen Bank International AG BLR John Carlson Johann Strobl Show more
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16:06 29.11.2024
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