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Raiffeisen Bank: We're not leaving yet

Crops

Austria’s Raiffeisen Bank International may leave Ukraine and Hungary in the future, but there are no specific plans to sell either one of these businesses at the moment, although both are under constant review, the bank’s CEO Karl Sevelda told news agencies.

Austria’s Raiffeisen Bank International may leave Ukraine and Hungary in the future, but there are no specific plans to sell either one of these businesses at the moment, although both are under constant review, the bank’s CEO Karl Sevelda told news agencies, commenting on the group’s results published on Thursday. RBI’s business in Hungary posted an after-tax loss of €100 mln in the first half of this year, up 20.4% from €83 mln a year ago. Loss before tax grew 19.4% to €97 mln from €81 mln.

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