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Raiffeisen Bank International: Sale of Hungarian Affiliate No Taboo Anymore
As reported by Vindobona, Vienna-listed RBI is examining offers for the Hungarian subsidiary. For RBI, Hungary is the biggest loss-maker.
Raiffeisen Bank International: Sale of Hungarian Affiliate No Taboo Anymore / Picture: © Vindobona.org
In 1989, even before the fall of the Iron Curtain, RBI was the first Western bank which entered the CESEE region. RBI´s first milestone was the expansion into Hungary. Now, RBI may be forced to withdraw from the first foreign market. Despite all strategic and historic considerations, a sale of the Hungarian affiliate is no taboo anymore.
CEO Karl Sevelda explained that the frame…
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