Austria’s Raiffeisen Bank International (RBI) allows the branding of its Russian subsidiary Raiffeisenbank to change after the sale or separation of the group structure, but the filing of a new trademark application does not indicate an imminent deal. This is reported by the Kleine Zeitung citing the RBI press service.
In September it became known that Raiffeisenbank, anticipating an agreement, applied to Rospatent to register a new trademark. The logo comes in four versions “R Bank” and “R Bank” in two colors.
According to a representative of the bank cited by the newspaper, during the probable transaction, the Russian subsidiary will undergo a name change and “you have to be prepared for any circumstance.” The choice of a brand will be largely determined by the potential buyer. At the same time, the representative of the Reserve Bank of India emphasized that the application previously submitted to Rospatent does not indicate an imminent transaction.
Raiffeisen Bank International announced in spring its intention to sell its Russian business. The option of removing Raiffeisenbank from the group’s perimeter was also considered. Reuters wrote that the European Central Bank recommended that the RBI stop its business in Russia.
In August, group boss Johann Strobl announced that the sale or spin-off of the business would be postponed until the end of the year.
Author:
Natalia Gormaleva
Source: RB
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