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RBI Terminates Business on Crimea

Published: April 15, 2014; 10:07 · (Vindobona)

The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated its business activity on Crimea.

RBI quit business on Crimea completely. / Picture: © Raiffeisen Bank International / K. Keinrath

As announced by the lender to the Austrian Press Agency (APA) yesterday evening, the remaining six of 32 bank shops were closed today on Crimea. The branches on Crimea had only contributed two percent of the bank’s overall profit in Ukraine, and therefore are “not a huge source of revenue”.

Bank clients who have not already drawn their depostits from the bank accounts can…

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