Sponsored Content
Bank Austria Ends Business on Crimea
Politics ♦
Published: April 16, 2014; 19:22 ♦ (Vindobona)

Sponsored Content
One day after Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated business on the peninsula Crimea, UniCredit’s Bank Austria announced closing down its affiliates permanently.

At the beginning of the year Bank Austria operated 20 affiliates of which six have already been closed. However, now the Austrian lender found itself constrained to shut down all remaining branch shops. The reason for this measure is considered the uncertain legal situation, therefore the lack of any legal basis, according to internationally not accepted annexion of the territory to…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
RBI Terminates Business on Crimea (April 15, 2014)
„We Must Create A Free Trade Area with Russia“ (April 12, 2014)
Moldova: Urgent Call for EU-Membership (April 10, 2014)
CEE: Economy Could Become More Vulnerable to Crimea Crisis (April 2, 2014)
Austria: Fitch Warns Banks of Risk with Business in Russia (April 1, 2014)
Sponsored Content
Read More
Featured
Sponsored Content