Headlines
Austria's Raiffeisen Bank denies report it has halted Russia unit sale
Published by Global Banking & Finance Review®
Posted on April 18, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 18, 2025
1 min readLast updated: January 24, 2026
Raiffeisen Bank International continues its Russia unit sale, rejecting reports of a halt. The bank aims to sell 60% of its Russian business amid international pressure.
VIENNA (Reuters) - Raiffeisen Bank International, the largest Western bank still operating in Russia, is proceeding with the sale of its Russian unit, the bank said on Friday, rejecting a media report that the process had been put on hold.
RBI has been under pressure from authorities on both sides of the Atlantic to reduce its footprint in Russia following Moscow's invasion of Ukraine, and the bank has said a sale of 60% of its business in Russia is the most likely plan.
Earlier on Friday, the Financial Times reported that RBI had halted efforts to sell its Russia unit amid a rapprochement between Washington and Moscow since U.S. President Donald Trump returned to power.
An RBI spokesperson told Reuters the report was incorrect.
"The sale process is neither stopped nor on hold, the sale process is continuing," the spokesperson said.
The Kremlin said it had no information on the FT report and that the bank was continuing operations in Russia.
(Reporting by Alexandra Schwarz-Goerlich and Dmitry Antonov; Writing by Lucy Papachristou; Editing by Guy Faulconbridge and Rachna Uppal)
The main topic is Raiffeisen Bank International's ongoing sale of its Russian unit, despite reports suggesting otherwise.
Raiffeisen Bank is under pressure to reduce its Russian operations following geopolitical tensions and aims to sell 60% of its business there.
The Financial Times reported that Raiffeisen Bank had halted its Russia unit sale, a claim the bank has denied.
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