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