Raiffeisen Bank studies options for future of Russian subsidiary

MOSCOW, Mar 24 (PRIME) -- Austrian Raiffeisen Bank International (RBI) continues to study various options for the future of its subsidiary after media reports about the European central bank demands to leave Russia, the bank’s representative told PRIME on Friday.

“RBI is exploring all strategic options for the future of Raiffeisen Bank Russia, up to a carefully considered exit from the bank. Given the complexity of the situation, including restrictive measures imposed by the Russian Federation, this process is ongoing,” the representative said.

Reuters earlier reported, citing sources, that the European central bank was putting pressure on Raiffeisen Bank International to withdraw its high-yield business in Russia.

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