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.
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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
End of Inside Information
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18-Apr-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
—═════════════════☐═ —═══════════ Raiffeisen Bank International AG Am Stadtpark 9 A-1030 Vienna Austria Phone: +43-1-71707- 2089 Fax: +43-1-71707-2138 Email: 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