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RLB Upper Austria Intends to Grow in Russia
People ♦
Published: March 14, 2011; 00:49 ♦ (Vindobona)
The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.
RLB Upper Austria Intends to Grow in Russia / Picture: © Vindobona.org
The motive behind the purchase is to create further contacts with the local administration and economy. RLB´s CEO Ludwig Scharinger already travelled together with 18 chief executives to South Russia.
Krayinvestbank is also a regional bank and the biggest one in the province of Krasnodar. The bank employs about 1216 collaborators and runs 73 subsidiaries. The total assets are…
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