Austrian banking group Raiffeisen Bank International (RBI) faced pressure from the European Central Bank (ECB) due to work in Russia. Against this background, and also after gaining the status of an international sponsor of terrorism, the bank again started talking about a complete exit from the market of the aggressor country.
RBI shares are falling. According to Yahoo.Finance, the bank’s shares lost 7.5% in a day. The fall has already become protracted, it has been continuously ongoing since the appearance of claims against the bank due to its work of the Russian Federation.
According to Reuters, the ECB is pushing for the termination of Raiffeisen Bank’s activities in Russia. However, sources note that the central bank recognizes that RFI will have to form a clear plan that can contain the sale or closure of the Russian division.
“Pressure [ЄЦБ на Raiffeisen] emerged after a senior U.S. sanctions official raised concerns about Raiffeisen’s business in Russia during a visit to Vienna in February,” the agency said. It was during this period that Raiffeisen Bank came to the attention of U.S. authorities.
Sources note that Raiffeisen does not intend to present such a plan yet. However, the bank made its own statement. In him Austrian group complained about Russian legal restrictionsthat prevent banking business from leaving the country
Judging by the statement of RBI, the group plans to transfer its Russian division to other owners. “RBI is exploring all strategic options for the future of Raiffeisen Bank Russia, up to to an elaborate exit from the bank”the bank said.
Recall that Raiffeisen has not yet turned its activities to the Russian Federation and pays huge taxes to the budget of the aggressor country. Moreover, the Russian “daughter” of the bank openly recognizes the so-called. The “L/DPR” calls Russia’s war against Ukraine a “special operation” and even offers loan holidays to the servicemen of the aggressor’s army.
In addition, the bank managed to make good money against the backdrop of the flight of competitors from the Russian market. “While other international banks left Russia, RBI stayed and made more than two billion euros of profit there,” the Austrian edition of Falter calculated earlier.
As reported by GLOBAL HAPPENINGS, earlier the media reported that Raiffeisen Bank was secretly planning a complete exit from Russia. To do this, the Austrian group will have to resort to an agreement with the Russian Sberbank.
Source: Obozrevatel
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