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ECB plans drastic cuts for Raiffeisen Bank International
Raiffeisen Bank International (RBI) must reduce its exposure to Russia more quickly. Find out more about the current developments and the impact on RBI shares. #raiffeisenbank #russia #ezb
ECB plans drastic cuts for Raiffeisen Bank International
Raiffeisen Bank International (RBI) plans to reduce its exposure to Russia more quickly than originally planned. A corresponding request is expected from the European Central Bank (ECB). However, the bank warns that this could negatively impact sales opportunities for the Russian subsidiary. The ECB's current draft envisages that customer loans should fall by up to 65 percent by 2026 compared to the end of the third quarter, and international payments from Russia should also decrease significantly. RBI has been working since February 2022 to reduce its operations in Russia and is seeking to deconsolidate AO Raiffeisenbank, possibly through a sale of the unit.
On the Vienna Stock Exchange, RBI shares temporarily fell by 0.7 percent to 17.14 euros. The decision to reduce the Russian exposure more quickly could influence the company's further development and is being closely watched by investors and analysts. The bank may now need to take rapid action to comply with the ECB's requirements and mitigate the impact on its business.
The discussion about withdrawing from the Russian market is part of a broader trend in which European banks are reviewing their risk positions worldwide due to political and economic uncertainties. This step by RBI comes in the context of tightened sanctions against Russia and a general trend towards the withdrawal of Western companies from the country. The future development of the situation and the impact on the RBI are being closely monitored by industry experts.