RBI Raiffeisen Bank International Swallows Centrobank

Professional ServicesFinancial Services ♦ Published: June 30, 2014; 19:10 ♦ (Vindobona)

Raiffeisen Centrobank (RCB), which is the investment vehicle of Raiffeisen group, will be integrated into its parent RBI Raiffeisen Bank International.

RBI Raiffeisen Bank International Swallows Centrobank / Picture: © Raiffeisen Centrobank

Raiffeisen Centrobank (RCB), which is the investment vehicle of Raiffeisen group, will be integrated into its parent RBI Raiffeisen Bank International, as reported by economics magazine "Trend".

The plan is to transform RCB into a division of RBI.

The austerity measures under RBI are going to cost the independence of RCB.

Raiffeisen Centrobank Bank (RCB) will be…