Raiffeisen Bank International (RBI) has allowed the transfer of the Russian division to its own shareholders, sources told Reuters.
In March it was reported that the Austrian bank is looking at options to remove the Russian “daughter” “Raiffeisenbank” from the group structure. The media also wrote that the organization had held talks with Sberbank about a possible asset swap. In early May, RBI announced plans to close the deal after the third quarter.
According to the sources, the group did not find a buyer and decided to transfer the division to the shareholders. The Austrian authorities are not opposed to this option. However, difficulties may arise in coordination with the Central Bank of the EU and the US.
According to one of the sources, the US authorities fear that they will not be able to control the bank due to money laundering. If the plan is approved, RBI shareholders will take over the shares of the new Vienna-listed company. At the same time, it is not yet clear how independent the organization will be from the main group.
Previously, users complained about a glitch in the Raiffeisenbank mobile app.
Author:
Natalia Gormaleva
Source: RB
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