from Raiffeisen International Bank-Holding AG (isin : AT0000606306)
EQS-Adhoc: Raiffeisen Bank International AG: RBI expects request to accelerate business reduction in Russia
EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s): Miscellaneous
Raiffeisen Bank International AG: RBI expects request to accelerate business reduction in Russia
18-Apr-2024 / 12:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
RBI expects request to accelerate business reduction in Russia
Vienna, 18 April 2024. Raiffeisen Bank International AG (RBI) expects the European Central Bank (ECB) in the near term to issue a request for an acceleration of the business reduction in Russia, which RBI has been conducting since February 2022. Under the current draft of the requirements, loans to customers would decrease significantly by 2026 (up to 65 per cent vs. Q3/2023), as would international payments originating from Russia.
Since February 2022, RBI has taken substantial measures to mitigate the risks deriving from its ownership of AO Raiffeisenbank in Russia, including specifically risks to its capital position and liquidity, and risks from increased sanction compliance requirements. The ECB’s draft requirements go far beyond RBI’s own plans to further reduce the Russian business and may adversely impact RBI’s options to sell AO Raiffeisenbank.
RBI is committed to achieving the deconsolidation of AO Raiffeisenbank, including via a sale of the unit.
For further information please contact:
John P. Carlson, CFA
Head of Group Investor Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43 1 71 707 2089
www.rbinternational.com
End of Inside Information
18-Apr-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | Raiffeisen Bank International AG |
| Am Stadtpark 9 | |
| A-1030 Vienna | |
| Austria | |
| Phone: | +43-1-71707-2089 |
| Fax: | +43-1-71707-2138 |
| E-mail: | ir@rbinternational.com |
| Internet: | www.rbinternational.com |
| ISIN: | AT0000606306 |
| WKN: | A0D9SU |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange, SIX, Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1883923 |
| End of Announcement | EQS News Service |
1883923 18-Apr-2024 CET/CEST