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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…

This article includes a total of 493 words.

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