Stay Continue Operations

Raiffeisen Bank operates a banking network mainly in Central and Eastern Europe, although also maintains operations in Western Europe.

 
 
 
Stay Continue Operations
Revenue(RF), mln.USD
3052
Assets(RF), mln.USD
23127
Capital(RF), mln.USD
5048
Glob.Revenue, mln.USD
9849
Staff(RF), 2021
10560
Taxes(RF), mln.USD
490

Raiffeisenbank is a universal Russian bank, a subsidiary of the Austrian banking group Raiffeisen Bank International. Included in the list of systemically important Russian banks. Raiffeisenbank ranks second in terms of assets in the RBI Group and first in terms of profit. According to information from the Raiffeisen International Group's public reports, at the end of the third quarter of 2022, compared to the end of the first quarter of 2022, the bank's credit exposure in Russia increased by 22%. Growth is observed for both the retail and corporate portfolios. From April 10, Raiffeisenbank refuses to connect new "Salary" service packages. Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$665mn or +46%). Austria and RBI, which is also at the centre of a U.S. inquiry over its Russian links, are resisting this in the hope that the war in Ukraine will end soon. By order dated September 13, the Bank of Russia canceled Raiffeisenbank's license to operate as a specialized depository of investment, share investment and non-state pension funds. Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia. The National Agency on Corruption Prevention (NACP) temporarily excluded the Austrian Raiffeisen Bank from the list of companies sponsoring Russia's war before consultations (but returned it back later). The United States has threatened to impose sanctions against the Austrian group Raiffeisen Bank International (RBI) for doing business in Russia. Raiffeisen Bank will begin exiting Russia in summer 2024. U.S. warned Raiffeisen access to dollar system could be curbed over Russia. Austria's Raiffeisen Bank International (RBIV.VI), opens new tab, the biggest Western bank in Russia, believes a sale of 60% of its business there is the most likely scenario as it seeks to withdraw from the market, its CEO said. Raiffeisen Bank International AG (RBI) has closed a deal to sell a stake in the Belarusian Priorbank to UAE-based Soven 1 Holding. A Russian court awarded more than 2 billion euros ($2.1 billion) of damages against the biggest Western bank in Russia, Austria's Raiffeisen Bank International, in a landmark ruling underscoring the perils of doing business in Russia. The case, in which lawyers for Raiffeisen accused the court of using intimidation tactics, is one of the most significant rulings against a Western company still operating in Russia, with one of the largest awards of damages yet. Hungarian Prime Minister's Son-in-Law Istvan Tiborc Considers Buying Russia's Raiffeisenbank. Raiffeisen International transferred billions in cash to Russia shortly before the outbreak of the war. Raiffeisen Capital made significant investments in Russian stocks.

The Company Statement
August 29, 2023

The unprecedented situation leads RBI to consider its position in Russia. We are therefore assessing all strategic options for the future of Raiffeisenbank Russia, up to and including a carefully managed exit from Raiffeisenbank in Russia. RBI and its subsidiary banks continue to operate in compliance with local and international sanction laws. The Russian subsidiary of JSC Raiffeisenbank not only officially recognizes the so-called Donetsk and Luhansk "people's republics", but also provides favorable credit terms to the Russian occupiers in Ukraine. Raiffeisen Bank's Russian branch halts opening of new corporate accounts. The National Agency on Corruption Prevention included the Austrian banking group Raiffeisen Bank International in the list of international sponsors of the war for the continuation of the bank's work in Russia and the official recognition of the so-called "DPR" and "LPR". As reported, Raiffeisen paid 4.8 times more to the Russian budget in 2022 than for the entire pre-war year - 559 million euros (~$615million). It should be noted that this is equal to the cost of about 95 Kalibr missiles, with which the terrorist state regularly fires at peaceful Ukrainian cities. In addition, the bank plays along with Russian propaganda, calling the war a "special military operation". Raiffeisen Bank boosts pay for Russian staff by €200mn. Austria's RBI says Russian spin-off unlikely in 2023. Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia. The National Agency on Corruption Prevention (NACP) temporarily excluded the Austrian Raiffeisen Bank from the list of companies sponsoring Russia's war before consultations (but returned it back later). Ukraine refuses to take Raiffeisen off Russia war blacklist. Raiffeisen Bank trumpets Russia growth plans in dozens of job ads. The head of Raiffeisen Bank International (RBI), Johan Strobl, said that in the third quarter of 2024, the banking group will begin to comply with the order of the European Central Bank (ECB) to significantly reduce business in Russia. Raiffeisen ceases all outgoing dollar payments from Russia due to US pressure. A Russian court has issued a preliminary injunction, by which shares of AO Raiffeisenbank are subject to a transfer ban with immediate effect. Raiffeisen Bank International AG (“RBI”) is the 100% shareholder of AO Raiffeisenbank. Court refuses to lift arrest on Raiffeisenbank shares. A Russian court on 05.12.2024 rejected an appeal by Raiffeisen Bank International (RBIV.VI), opens a new tab, against the freezing of shares of its local unit in a lawsuit filed by Russian investment company Rasperia, court documents showed. Raiffeisen’s Russian unit received more than 62 million rubles ($620,000) in fees for its services from one Russian chemical company in 2024, bank statements and other documents show. That firm supplied a sanctioned company with ingredients needed for producing military systems, according to the statements.

Open the Statement
Statements Archive
April 03, 2025Raiffeisen Bank’s AGM disrupted by protests over ties to sanctioned Russian companies
March 28, 2025Putin stole their businesses, but now they want them back
March 26, 2025Activist forced interruption: Protests at the RBI Annual General Meeting
March 25, 2025Raiffeisen International transferred billions to Russia shortly before the outbreak of the war
March 25, 2025Western Banks Sent Billions in Cash to Russia on Eve of Ukraine Invasion, Data Shows
March 17, 2025Investments of Raiffeisen Capital in Russia (deleted later)
March 12, 2025Russian court to hear Raiffeisen appeal over 2 billion euro penalty on April 24
March 11, 2025Raiffeisen Bank International subsidiary still invested in sanctioned Russian entities, find BankTrack and B4Ukraine | B4Ukraine
February 22, 2025Hungarian Prime Minister's Son-in-Law Istvan Tiborc Considers Buying Russia's Raiffeisenbank
February 03, 2025Raiffeisen Bank Clients in Russia Help Supply Putin’s War Machine
January 24, 2025Raiffeisen Bank International: More Headwinds Coming From Russia
January 21, 2025Russia hits back with multi-billion penalty on Austrian bank
January 20, 2025Russian court imposes 2 billion euro damages on Austrian bank Raiffeisen
December 19, 2024Raiffeisen faces crunch court ruling in multi-billion dollar Russia dispute
December 05, 2024Russian court rejects Raiffeisen appeal against share freeze
November 18, 2024Raiffeisen Finalizes AT1 Sale After Failed Deal in March
November 08, 2024ECB pushes Raiffeisen, UniCredit to hold capital for Russia risk, sources say
October 30, 2024Raiffeisen Bank cuts Russian exposure amid ECB pressure
October 17, 2024UniCredit, Raiffeisen See Fading Options to Get Out of Russia
October 15, 2024On December 5, the court will consider Raiffeisenbank's complaint against the refusal to lift the arrest on its shares
October 11, 2024Company of Bosnian politician under US sanctions has accounts at Raiffeisen
October 03, 2024Raiffeisen Slashes Correspondent Accounts in Russia
October 03, 2024Number of contenders for Raiffeisenbank reduced to two
September 30, 2024Hungarian OTP becomes main bank for settlements with EU after Austrian Raiffeisen suspends transfers
September 30, 2024Raiffeisenbank explained the reasons for the record reduction in balances on correspondent accounts
September 30, 2024In August, Raiffeisenbank reduced funds in correspondent accounts by 2.7 times - by a record amount for itself of 421 billion rubles.
September 20, 2024Raiffeisen Takes €800 Million Hit in Deal to Sell Belarus Unit
September 16, 2024Court refuses to lift arrest on Raiffeisenbank shares
September 10, 2024Raiffeisen Bank International: Still A Buy, Although Russian Assets Should Be Considered Worthless
September 09, 2024Russian court freezes Raiffeisen Bank
September 06, 2024Raiffeisenbank comments on the imposition of collateral on its shares
September 06, 2024Russian court bans sale of Raiffeisenbank branch
September 05, 2024Transfer ban for shares of Russian AO Raiffeisenbank
September 03, 202450 Largest Foreign Companies in Russia — 2024. Forbes Rating | Forbes.ru
August 15, 2024Raiffeisen's Russian unit to halt outgoing FX transfers for most customers
August 05, 2024Raiffeisen's Russian unit pauses brokerage account openings under ECB pressure
July 30, 2024Raiffeisen reports profit growth and business contraction in Russia
June 25, 2024What does Raiffeisen do in Russia?
June 17, 2024Raiffeisen, the authorities' appeals are not enough: the Austrian bank increases its business in Russia
June 14, 2024Raiffeisen ceases all outgoing dollar payments from Russia due to US pressure
June 07, 2024Raiffeisenbank will tighten its lending policy due to ECB instructions
May 29, 2024Raiffeisen Bank to bar Russians from transferring dollars abroad
May 28, 2024On the termination of opening new savings accounts “For daily balance”, “To subscription” and “Key”
May 16, 2024Austria's Raiffeisen faces US wrath over Russian business
May 12, 2024Raiffeisen has been a rogue operator in Russia for too long
May 08, 2024Raiffeisen Forced to Abandon Russian Plan After Regulators Balk
May 07, 2024Raiffeisen says pressure to cut Russian loanbook will complicate exit
May 03, 2024Raiffeisen Bank will begin exiting Russia in summer 2024
May 01, 2024Austrian officials warn Raiffeisen off Russian oligarch deal
April 26, 2024European Parliament calls on Austria to pressure Raiffeisen bank to leave Russia
April 25, 2024MEPs are asking the Austrian authorities to influence Raiffeisen regarding its business in Russia
April 25, 2024MEPs are asking the Austrian authorities to influence Raiffeisen regarding its business in Russia
April 18, 2024ECB to push Austria's Raiffeisen to cut back in Russia
April 16, 2024Raiffeisen Bank trumpets Russia growth plans in dozens of job ads
April 05, 2024Renewed protests in Vienna urging Raiffeisen Bank International to pull out of Russia
April 03, 2024The petition regarding the withdrawal of Raiffeisen Bank from the Russian Federation has received 50,000 votes
April 03, 2024Austrian central bank chief sees 'tail risk' in Raiffeisen's Strabag deal
April 03, 2024Petition for withdrawal of Raiffeisen Bank from Russia receives 50,000 votes
March 20, 2024Exclusive: Washington pressures Austria's Raiffeisen to drop Russian tycoon deal
March 11, 2024US presses Austria’s Raiffeisen to quit Russia
March 11, 2024The US may impose sanctions against Raiffeisen Bank International for doing business in the Russian Federation
March 11, 2024The United States threatened Austrian Raiffeisen with sanctions for doing business in Russia
March 11, 2024Raiffeisen Bank denies reports of threats of sanctions from the United States
March 06, 2024The USA is increasing pressure on Raiffeisen Bank, whhttps://minfin.com.ua/2024/03/11/122987592ich operates in the Russian Federation - a delegation of the Ministry of Finance is going to Austria
February 22, 2024The Austrian regulator is checking the control of money laundering at Raiffeisen Bank
February 15, 2024Ukraine refuses to take Raiffeisen off Russia war blacklist
February 15, 2024Raiffeisen announced plans to sell its Belarusian subsidiary to an investor from the UAE
February 04, 2024Raiffeisen bank is still considering exit from Russia
January 31, 2024Raiffeisenbank reported a sharp decline in payment business in Russia
December 24, 2023Raiffeisen’s Russia Deal Leads to Exec Who Worked for Sanctioned Tycoon
December 14, 2023Austria blocks Russian sanctions over Raiffeisen blacklisting - sources
November 03, 2023Austria's RBI says Russian spin-off unlikely this year
November 03, 2023Raiffeisen generated almost half its profits this year from Russia
October 27, 2023Raiffeisen to Pay Withheld Dividend After Russia Worries Ease
October 24, 2023Raiffeisenbank’s Russian Saga: lender defies sanctions
October 20, 2023RBI: There is still a buyer for Raiffeisenbank, but the deal depends on the Kremlin
September 13, 2023The Central Bank revoked Raiffeisenbank's license to operate as a special depository
September 12, 2023RBI allows rebranding of Raiffeisenbank after its sale or spin-off
August 29, 2023Czechia investigates Raiffeisen Bank due to its activities in Russia
August 29, 2023Czechia investigates Raiffeisen Bank due to its activities in Russia
August 21, 2023Raiffeisen’s Russian Division Imposes 50% Commission on Incoming Dollar Transfers
August 16, 2023War and the ruble are spoiling business for EU firms remaining in Russia
August 07, 2023FT estimated damage to European companies since the beginning of the conflict in Ukraine at €100 billion
August 06, 2023European companies suffer €100bn hit from Russia operations
August 02, 2023Wall Street Reaped Ruble Fortune on Clients Fleeing Russia
August 01, 2023Raiffeisen's profit in Russia grew by 9% in the first half of the year
August 01, 2023Raiffeisen Bank boosts pay for Russian staff by €200mn
July 26, 2023Why did Raiffeisenbank limit the acceptance of currency and rubles from Russians
July 26, 2023Raiffeisenbank will suspend the purchase of cash euros and dollars from individuals
July 06, 2023Exclusive: Raiffeisen delays quitting Russia as Austria defends ties
June 27, 2023ECB Urges Banks to Speed Up Plans to Exit or Shrink Russia Units
June 21, 2023On changing the terms of outgoing payments in euros to other banks
June 09, 2023Raiffeisenbank introduces a 50% commission on incoming transfers in dollars
May 24, 2023Ukraine has a list of 'war sponsors.' But how exactly does it work?
May 23, 2023Austria's Raiffeisen attempts last-ditch Russian spin-off - sources
May 05, 2023Austrian bank Raiffeisen triples Russia profit as pursues exit route
May 05, 2023Raiffeisen closed correspondent accounts for all Russian banks, except for its "daughter"
April 21, 2023Gref denies talks between Sberbank and Raiffeisen on asset swap
April 07, 2023Raiffeisenbank refused to issue a package of services "Salary"
March 30, 2023Raiffeisen slams 'morally arrogant' critics as eyes Russia spin-off
March 30, 2023Raiffeisen Bank decided to sell the Russian "daughter" or withdraw it from the perimeter of the group
March 30, 2023Raiffeisen Bank answered what they will do with business in Russia
March 24, 2023ECB pressures Austria's Raiffeisen bank to quit Russia
March 23, 2023ECB pressures Austria's Raiffeisen bank to quit Russia -sources
March 03, 2023Raiffeisen Bank's Russian branch halts opening of new corporate accounts
March 03, 2023In Russia, Raiffeisen Bank suspended the opening of accounts for new legal entities
March 03, 2023Do Putin's judo friends have a business relationship with Raiffeisen?
February 27, 2023Almost half of Russian foreign money transfers go through Raiffeisenbank
February 26, 2023How Austria’s Raiffeisen got stuck in Russia — while making record profits
February 22, 2023NACP included the Austrian bank Raiffeisen in the list of sponsors of the war
February 20, 2023Raiffeisen/Russia: fewer links with the west leave remaining ones exposed
February 20, 2023Exclusive: U.S. sanctions authority probes Raiffeisen on Russia
February 20, 2023Raiffeisen shares slide after U.S. sanctions office asks about Russia
February 17, 2023The Raiffeisen Bank Group admitted that the Russian "daughter" provides benefits to mobilized Russians
February 14, 2023Analysis: Loans to Russian soldiers fuel calls for European banks to quit
February 13, 2023Austria's Raiffeisen Bank and Italy's UniCredit continue to earn in Russia, but pressure on them has intensified, Reuters
February 13, 2023Raiffeisen Bank and UniCredit, which remained in Russia, are forced to write off loans to fallen Russian soldiers
February 10, 2023International banks must finally implement their statements and exit the market of the Russian Federation - NBU
January 30, 2023Shares of Raiffeisen Bank Group fell by 6% after the introduction of sanctions in Ukraine
January 26, 2023Raiffeisen bank response
January 17, 2023Comment of the PBI Group regarding the statement of the National Bank of Ukraine dated January 10, 2023
January 10, 2023Raiffeisen in Russia recognized the so-called "LPR" and "DNR". How they reacted in Ukraine.
January 10, 2023Russian "daughters" of Western banks provide credit holidays to the Russian military
December 04, 2022Why are Raiffeisen and UniCredit still in Russia?
November 14, 2022Letter sent by B4Ukraine to the company (no response provided)
November 03, 2022Raiffeisen Bank's profits in Russia increased fourfold in nine months
September 27, 2022Raiffeisen in Russia
February 17, 2022RBI IS ASSESSING ALL STRATEGIC OPTIONS FOR THE FUTURE OF RAIFFEISENBANK RUSSIA
Key Financial Data as of 30/9/2022 (3Q 2022)
Demand to Leave Russia:Petition text has been copied to the clipboard.
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