Raiffeisen Investments will increase the commission for the purchase of stocks, bonds, depositary receipts, ETFs and exchange-traded funds to 3% starting February 3. This is stated in the updated version of the regulations for brokerage services, which is published on the bank’s website.
Author:
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Currently, the commission on transactions with the above instruments is 1.9%. For the sale of securities, its size will remain the same: 0.05% of the transaction, it follows from the document.
Additionally, starting February 3, Raiffeisen Investments will no longer accept and execute repo trading orders with a central counterparty for a period of one day. The measure will be introduced indefinitely.
In September 2024, Raiffeisenbank stopped making transfers to individuals in foreign currency. In July of the same year, the credit institution suspended the opening of new brokerage accounts for retail investors. The bank took these measures to comply with the European Central Bank’s order to reduce business in Russia.
Since 2022, Raiffeisenbank, owned by the Austrian banking group Raiffeisen Bank International, has been trying to leave the Russian market. This process is complicated by the Russian government which, as Bloomberg wrote, fears that a potential buyer of the bank’s assets could fall under Western sanctions.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
