Finance
Raiffeisen Says It’s Quickening Russia Wind-Down on ECB Push
- Bank to announce further steps to reduce business in Russia
- Raiffeisen plans to cut Russian loan book by 55% by 2026
This article is for subscribers only.
Raiffeisen Bank International AG said it is stepping up efforts to reduce business in Russia, after facing increased scrutiny of its most profitable unit from regulators.
The bank said it will drastically scale back operations in the country with initial steps already in effect, according to an earnings report published Tuesday.