Business - n.a.

Raiffeisen Bank International Postpones Sale of Ukrainian Affiliate

Published: March 3, 2014; 21:06 · (Vindobona)

Due to the extremely tense situation in Ukraine, the second-largest lender in CESEE (Central, Eastern and Southeastern Europe) has stopped the sale of Aval Bank.

Raiffeisen Bank International Postpones Sale of Ukrainian Affiliate / Picture: © Vindobona.org

In November 2013, RBI announced to withdraw from Ukraine. According to a spokesperson at RBI, there were a number of offers for Bank Aval. In December, RBI negotiated exclusively with Alfa Bank. Alfa Bank is partly owned by the Russian oligarch Michail Fridman.

According to RBI´s CEO Karl Sevelda, the sale process is interrupted by the riots and the military interventions by…

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Raiffeisen Bank International Postpones Sale of Ukrainian Affiliate

Due to the extremely tense situation in Ukraine, the second-largest lender in CESEE (Central, Eastern and Southeastern Europe) has stopped the sale of Aval Bank.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.