February 12, 2026

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Credit Provisioning

Raiffeisen Bank International: Profit Slump due to Provisions for Russia

Raiffeisen Bank International's consolidated profit decreased by over 50% in 2024 due to a €840 million provision from a Russian court ruling, which ordered the bank to pay EUR 2 billion in damages.

Banks threaten with drastic job cuts

Bankers warnings on impact of the stricter financial rules, five to ten thousand jobs are threatened.