RBI Cuts Slovenian Subsidiary Radically

Professional ServicesBanks ♦ Published: October 16, 2012; 18:02 ♦ (Vindobona)

The Austrian Raiffeisen Bank International plans to lay off the half of its workforce in Slovania.

RBI Cuts Slovenian Subsidiary Radically / Picture: © Raiffeisen Bank International AG / S. Klimpt

According to the Slovenian newspaper “Dnevik”, RBI will reduce its local staff number drastically. Insiders report that RBI has failed to become one of the three biggest Slovenian banks. Next month, RBI is said to present a strategy update.

RBI´s CEO Herbert Stepic explained that lending must be cut in economically weaker countries like Hungary or in Southeastern Europe.…