RBI Considers Leaving Ukraine

Business › n.a. ♦ Published: November 17, 2013; 22:46 ♦ (Vindobona)

The second-biggest lender in the CESEE region, Austrian Raiffeisen Bank International, confirms the intention to sell the Ukrainian affiliate Aval.

RBI Considers Leaving Ukraine / Picture: © Vindobona.org

Due to the drastic austerity package, Vienna-listed RBI has announced first downsizing plans. In total, RBI wants to cut costs by more than € 400m.

According to RBI´s CEO Karl Sevelda, RBI considers withdrawing from the Ukrainian banking market. At the moment, there are already sales talks for Aval. In Ukraine, RBI employs about 13,500 workers. According to Russian media…

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CESEE, Banking Industry, Ukraine, RBI Raiffeisen Bank International, Erste Group, UniCredit, Downsizing, Austerity, Capital Increase, Bank Austria
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