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RBI to Keep Hungarian and Ukrainian Affiliates?

Published: March 27, 2014; 18:17 · (Vindobona)

Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.

Russia proves to be the cash cow for RBI. / Picture: © Raiffeisen Bank International

RBI has put off the planned sale of its affiliates in Ukraine and Hungary. CEO Karl Sevelda is consering to keep the CEE branches. On Thursday he announced he could image making a “change in the strategy” and keeping the Ukrainian affiliate, Bank Aval, for the time being depeding on the developments. However, before that, RBI will have to face new burdes since this year loss is…

This article includes a total of 478 words.

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