Sevelda: "RBI to Increase the Cost Reduction Even More"

Published: June 16, 2014; 14:10 · (Vindobona)

Raiffeisen Bank International must not only save 450 million euros, but about 600 million euros, says CEO Karl Sevelda.

Sevelda: "RBI to Increase the Cost Reduction Even More" / Picture: © Raiffeisen Bank International AG / Press Photo

Raiffeisen Bank International (RBI) wants to reduce its costs in the coming years more than previously planned.

Originally RBI wanted to save about EUR 450 million (USD 610.7 million) by 2016.

However, from the current perspective, savings are supposed to reach almost EUR 600 million - the head of RBI Karl Sevelda told "Standard”.

(EUR 1 = USD 1.357)

This article includes a total of 60 words.

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