Raiffeisen: CEE Network to be Closed

People ♦ Published: October 1, 2012; 19:12 ♦ (Vindobona)

Austrian RBI (Raiffeisen Bank International) announces that the expansion in Central and Eastern Europe will be concluded soon.

Raiffeisen: CEE Network to be Closed / Picture: © Flickr / St. Petersburg International Economic Forum

After the purchase of Polish Polbank, RBI´s banking network in the CEE region is closed. RBI´s CEO Herbert Stepic: “There is no further market which is crucial for us. Of cource, Poland was crucial, however.” Last year, RBI acquired the Polish private bank Polbank. The purchase price wass € 460m in cash for a 70 per cent stake in Polbank. As a result, RBI became number 6 in the…