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Raiffeisen Bank eyes options including exit for Russian unit

By:
Reuters
Published: May 4, 2022, 06:38 GMT+00:00

VIENNA (Reuters) - Raiffeisen Bank International is assessing all strategic options for the future of its Raiffeisenbank Russia unit, "up to and including a carefully managed exit", the Austrian lender said in a presentation slide on Wednesday.

Logo of Raiffeisen Bank on top of building is seen behind statue of Soviet state founder Leninin Moscow

VIENNA (Reuters) – Raiffeisen Bank International is assessing all strategic options for the future of its Raiffeisenbank Russia unit, “up to and including a carefully managed exit”, the Austrian lender said in a presentation slide on Wednesday.

RBI, one of the European banks most exposed to Russia, said in March it was studying a possible withdrawal from the country.

It said on Wednesday it had 2.3 billion euros ($2.42 billion) in equity and other capital exposure to Russia as of the end of March.

($1 = 0.9514 euros)

(Reporting by Michael Shields; Editing by Paul Carrel)

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