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Despite the Ukraine War: Raiffeisenbank International Doubles Group Result
In the first half of 2022, Raiffeisen Bank International (RBI), which is heavily active in Eastern Europe, achieved a significant profit despite the Ukrainian conflict. Its Bulgarian subsidiary was sold in June, which was a major contributing factor.
RBI doubled its consolidated profit in the last half-year. / Picture: © Raiffeisen Bank International AG / S. Klimpt
The Austrian bank Raiffeisen Bank International (RBI), which is strongly active in Eastern Europe, was able to achieve a significant profit in the first half of 2022 despite the military conflict in Ukraine. The main reason for this was the sale of its Bulgarian subsidiary in June.
Overall, the bank, which is active in Russia and Ukraine, among other countries, was able to raise…
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