RBI Not to Sell Zuno Bank to ABH Holdings

Professional Services › Banks ♦ Published: March 1, 2016; 20:00 ♦ (Vindobona)

The sale of Raiffeisen Bank International’s (RBI) direct bank Zuno to the Alfa Banking Group will not be concluded because ABH Holdings withdrew from the contract of sale.

RBI not to Sell Zuno Bank to ABH Holdings / Picture: © Raiffeisen Bank International AG / S. Klimpt

The sale of Raiffeisen Bank International’s (RBI) direct bank Zuno to the Alfa Banking Group, as announced by RBI in September 2015, will not be concluded.

ABH Holdings S.A., the Luxembourg-based parent company of the Alfa Banking Group, with which RBI had reached an agreement last year, withdrew from the contract of sale.

The reason for the withdrawal was…

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