Yahoo Web Search

Search results

1. www.ft.com › content › 1d12528b-f264-4b88-baf0-f4bRaiffeisen has been a rogue operator in Russia for too long

   www.ft.com › content › 1d12528b-f264-4b88-baf0-f4b

   • Cached

   May 13, 2024 · According to estimates from Citigroup analysts, the bank will this year make a net profit from its units in Russia and close ally Belarus of nearly €1.2bn, compared with barely €500mn from all...

2. www.rbinternational.com › en › raiffeisenPreliminary results 2023

   www.rbinternational.com › en › raiffeisen

   • Cached

   Jan 31, 2024 · Consolidated profit of € 997 million, excluding Russia and Belarus and including € 873 million provisions for CHF mortgages in Poland. Raiffeisen Bank International (RBI) generated a consolidated profit of € 2.386 billion in 2023 and significantly increased its capital ratios.

3. www.rbinternational.com › en › raiffeisenUpdate on RBI's Business Activity in Russia - rbinternational.com

   www.rbinternational.com › en › raiffeisen

   • Cached

   Mar 30, 2023 · RBI has reduced some business activity in Russia and minimised the RBI Group’s cross-border exposure to Russia. The RBI Group and Raiffeisenbank Russia reduced Raiffeisenbank’s loans to customers and ringfenced Raiffeisenbank’s capital.

4. www.ft.com › content › 0df0617c-bb98-4185-b57c-422c8Raiffeisen generated almost half its profits this year from ...

   www.ft.com › content › 0df0617c-bb98-4185-b57c-422c8

   • Cached

   Nov 3, 2023 · In 2022, Raiffeisen reported a group profit of €3.6bn, compared with €1.4bn in 2021. Of that, €2.2bn, more than 60 per cent, was attributable to businesses in Russia and Belarus.

5. www.economist.com › finance-and-economics › 2024European banks are making heady profits in Russia - The Economist

   www.economist.com › finance-and-economics › 2024

   Jun 6, 2024 · Raiffeisen is the biggest Western bank in Russia, but not the only one. The combined profits of the five EU banks with the largest Russian operations have tripled, reaching nearly €3bn in 2023...

6. www.ft.com › content › cd6c28e2-d327-4c2a-a023-098caWestern banks in Russia paid €800mn in taxes to Kremlin last year

   www.ft.com › content › cd6c28e2-d327-4c2a-a023-098ca

   • Cached

   Apr 28, 2024 · More than half of the European banks’ €800mn tax payments correspond to Austria’s Raiffeisen Bank International, which has the largest presence in Russia of the foreign lenders.

7. People also ask

   Is Raiffeisen the biggest bank in Russia?

   • Raiffeisen is the biggest Western bank in Russia, but not the only one. The combined profits of the five EU banks with the largest Russian operations have tripled, reaching nearly €3bn in 2023. Success makes the banks a target. In May America threatened to curb Raiffeisen’s access to its financial system because of the bank’s Russian dealings.

   European banks are making heady profits in Russia - The Economist

   www.economist.com/finance-and-economics/2024/06/06/european-banks-are-making-heady-profits-in-russia

   See all results for this question

   Will Raiffeisen Bank unwind its business in Russia?

   • The European Central Bank is pressing Austria's Raiffeisen Bank International to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.

   Exclusive: ECB pressures Austria's Raiffeisen bank to quit

   www.reuters.com/markets/europe/ecb-pressures-austrias-raiffeisen-bank-quit-russia-sources-2023-03-23/

   See all results for this question

   How much capital does Raiffeisen have in Russia?

   • That leaves Raiffeisen with close to €5bn of capital trapped in Russia. The bulk of customer deposits and retained profits are deposited with Russia’s central bank, where it earns 16 per cent interest.

   Raiffeisen has been a rogue operator in Russia for too long

   www.ft.com/content/1d12528b-f264-4b88-baf0-f4b718aa36f7

   See all results for this question

   How much did Russia pay Raiffeisen in 2023?

   • RBI’s Russian profits more than tripled to €1.8bn between 2021 and 2023, accounting for half of the Austrian group’s total profit, compared with about a third before the war. In addition to regular tax contributions in 2023, Raiffeisen paid €47mn as the result of a windfall levy the Kremlin imposed on some companies last year.

   Western banks in Russia paid €800mn in taxes to Kremlin last year

   www.ft.com/content/cd6c28e2-d327-4c2a-a023-098ca43eacfb

   See all results for this question

   Why is Raiffeisen important to Russia?

   • Raiffeisen is one of a dozen lenders that Russia deems “systemically” important to its economy. The bank also matters to the Kremlin’s own finances, since it paid the equivalent of half a billion dollars in tax last year. Raiffeisen is the biggest Western bank in Russia, but not the only one.

   European banks are making heady profits in Russia - The Economist

   www.economist.com/finance-and-economics/2024/06/06/european-banks-are-making-heady-profits-in-russia

   See all results for this question

   Will Raiffeisen sell its business in Russia?

   • D ays after Vladimir Putin’s invasion of Ukraine, Raiffeisen, an Austrian bank, said it was considering selling its business in Russia. Twenty-seven months later, the lender’s unit in the country is doing rather well. Its staff has grown to nearly 10,000, a 7% rise since 2022.

   European banks are making heady profits in Russia - The Economist

   www.economist.com/finance-and-economics/2024/06/06/european-banks-are-making-heady-profits-in-russia

   See all results for this question

8. www.reuters.com › markets › europeExclusive: ECB pressures Austria's Raiffeisen bank to quit Russia

   www.reuters.com › markets › europe

   Mar 24, 2023 · The European Central Bank is pressing Austria's Raiffeisen Bank International to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.