Raiffeisen Mulls Exiting Russia Business, Reuters Reports
02 March 2022 - 1:01AM
Dow Jones News
--Austria's Raiffeisen Bank International AG is considering
leaving Russia and Ukraine, Reuters reports, citing unnamed
sources.
--A decision isn't imminent but could be triggered if its
businesses in those countries need further cash or capital, Reuters
says.
--RBI is Russia's tenth largest bank by assets, with the country
contributing almost a third of the group's net profit of 1.5
billion euros ($1.68 billion) last year, according to Reuters.
Full story: https://reut.rs/36WXBm5
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
March 01, 2022 08:46 ET (13:46 GMT)
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