RBI Rules Out Sale of Eastern European Subsidiaries

Other Countries ♦ Published: December 29, 2011; 19:48 ♦ (Vindobona)

CEO Herbert Stepic expects a very difficult year 2012 for the entire banking industry.

RBI Rules Out Sale of Eastern European Subsidiaries / Picture: © Flickr / St. Petersburg International Economic Forum

Raiffeisen Bank International (RBI) is not planning to sell its subsidiaries in Eastern European countries. CEO Herbert Stepic today clarified a statement on the bank’s CEE business he had made in November. At the presentation of RBI’s quarterly report, Stepic had said that the bank might pull out of certain countries in the region.

In an interview broadcast by Austrian state…

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