The Austrian banking group RBI is under increasing pressure from European regulators to compensate for its Russian business exit.
Frank Media reports that Raiffeisen Bank International is seeking compensation for its Russian operations, before considering a total exit.
Johann Strobl announced this position in a conference call on the bank’s third-quarter results.
Strobl told reporters that “we can explore options for a partial or complete exit of the business, but until then accelerated business reduction is our main scenario.”
Frank Media reports that while RBI continues to implement measures to reduce its Russian footprint, it has not developed an exit strategy.
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