UniCredit and Raiffeisen to Expand in Russia

Published: October 4, 2011; 13:48 · (Vindobona)

The Italian and the Austrian banking groups will take over customers of the French BNP Paribas, which leaves the Russian market.

UniCredit and Raiffeisen to Expand in Russia / Picture: © Vindobona.org

According to a report of the Russian newspaper “Kommersant”, Raiffeisen and Unicredit will inherit the private customers of the French banking group in Russia. BNP Paribas restructures its Russian business. The segment of small customers should be closed., fees already have been raised therefore. BNP´s problem: the bank must not terminate depot contracts by legal reasons. A sale of…

This article includes a total of 191 words.

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