RBI´s CEO Sevelda: Drastic Losses in Hungary

People ♦ Published: August 17, 2013; 09:04 ♦ (Vindobona)

Next week, Vienna-listed RBI (Raiffeisen Bank International) will present the results for the first half year of 2013. RBI will put effort into selective growth strategies.

RBI´s CEO Sevelda: Drastic Losses in Hungary / Picture: © Raiffeisen Bank International AG / Press Photo

In an interview with Austrian “Kronen Zeitung”, Sevelda talks about RBI´s current situation in Eastern Europe. In general, RBI will continue its strategy in the CESEE region.

However, RBI plans radical downsizing measures in Hungary and Slovenia. According to Sevelda, one must expect “really ugly losses in Hungary this year”. “Nevertheless, we will not withdraw…

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