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Growing Evidence for RBI’s Withdrawal from Hungary

Published: January 7, 2014; 14:24 · (Vindobona)

According to media reports, Hungarian partly nationalized Szechenyi Commercial Bank has placed an offer for the take-over of RBI’s Hungarian affiliate.

Growing Evidence for RBI’s Withdrawal from Hungary / Picture: © Raiffeisen Bank

However, Austrian Raiffeisen Bank International (RBI) does not want to comment on the rumors. According to spokeswoman Ingrid Krenn-Ditz, the bank has already announced in the past that there were offers for the bank’s affiliates in Hungary and Ukraine.

In mid-November 2013, the second-largest lender in CESEE announced to withdraw from Ukraine. At that time, CEO Karl Sevelda…

This article includes a total of 280 words.

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