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on Raiffeisen International Bank-Holding AG (isin : AT0000606306)

Raiffeisen Bank International Clears the Air on Strabag Transaction Compliance

Raiffeisen Bank International AG (RBI), based in Vienna, has issued a statement on March 20, 2024, in response to speculations. The bank affirmed its compliance with all applicable sanctions regarding the Strabag transaction announced in December 2023. RBI emphasized its thorough vetting process to ensure adherence to international regulations.

Over recent weeks, RBI has engaged in discussions with relevant authorities, including the US Treasury and the Office of Foreign Assets Control (OFAC), detailing the Strabag deal specifics. The bank highlighted a significant point that the transaction does not involve any US nexus, underlining its commitment to sanction compliances.

With a strong stance on regulatory adherence, RBI assured that no transaction breaching sanctions would proceed. The statement reflects RBI's dedication to maintaining transparent and lawful operations in its dealings.

R. E.

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