Raiffeisen Bank International Says It Has No Plans to Leave Russia
01 Marzo 2022 - 5:05PM
Dow Jones News
By Cristina Roca
Raiffeisen Bank International AG has no plans to leave Russia, a
spokesman for the Vienna-listed bank told Dow Jones Newswires on
Tuesday.
Earlier on Tuesday, Reuters reported that Raiffeisen was looking
into leaving Russia and Ukraine, citing unnamed sources. According
to Reuters, the decision wasn't imminent but could take place if
Raiffeisen's businesses in the two countries needed further cash or
capital.
Shares in the bank, which made roughly a third of its pretax
profit in Russia last year, have lost 43% of their value over the
past week as conflict in Ukraine escalated sharply. At 1533 GMT,
shares in Raiffeisen traded 7.8% lower at EUR13.53.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
March 01, 2022 10:50 ET (15:50 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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