RBI Considers Withdrawing from Hungary

CommentOpinion ♦ Published: August 6, 2013; 06:56 ♦ (Vindobona)

The Austrian banking group Raiffeisen Bank International wants to focus on other markets. Hungary and Slovenia are shrinking markets, CEO Karl Sevelda says.

RBI Considers Withdrawing from Hungary / Picture: © Raiffeisen Bank International AG / Press Photo

In an interview with Financial Times, Sevelda explained that RBI will put more effort in a selective growth strategy. In future, the second biggest lender in the CESEE region wants to strengthen its position in countries like Poland, Russia, the Czech Republic, Romania, Austria and Slovakia. Russia is one of the most important markets for RBI as around 60 percent of revenues are from…