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orbans son in law explores purchase of raiffeisen bank russian subsidiary

István Tiborcz, son-in-law of Hungarian Prime Minister Viktor Orbán, is reportedly negotiating to acquire a Russian subsidiary of Raiffeisen Bank International (RBI), which nominally holds a 13.1% stake in the Kazakhstan Stock Exchange (KASE). Despite denials from Tiborcz and OTP Bank regarding their involvement, RBI faces legal restrictions preventing the transfer of its shares due to a court dispute. As of January 2025, Russian Raiffeisen Bank will nominally hold the full 13.1% stake previously owned by the Moscow Exchange, which was sanctioned by the U.S. in June 2024.
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