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RAIFY Raiffeisen Bank International AG (PK)

4.49
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Raiffeisen Bank International AG (PK) USOTC:RAIFY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.49 4.00 4.65 37 21:00:12

Raiffeisen Bank International Says It Has No Plans to Leave Russia

01/03/2022 4:05pm

Dow Jones News


Raiffeisen Bank (PK) (USOTC:RAIFY)
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By Cristina Roca

 

Raiffeisen Bank International AG has no plans to leave Russia, a spokesman for the Vienna-listed bank told Dow Jones Newswires on Tuesday.

Earlier on Tuesday, Reuters reported that Raiffeisen was looking into leaving Russia and Ukraine, citing unnamed sources. According to Reuters, the decision wasn't imminent but could take place if Raiffeisen's businesses in the two countries needed further cash or capital.

Shares in the bank, which made roughly a third of its pretax profit in Russia last year, have lost 43% of their value over the past week as conflict in Ukraine escalated sharply. At 1533 GMT, shares in Raiffeisen traded 7.8% lower at EUR13.53.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

March 01, 2022 10:50 ET (15:50 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Raiffeisen Bank (PK) Chart

1 Year Raiffeisen Bank (PK) Chart

1 Month Raiffeisen Bank (PK) Chart

1 Month Raiffeisen Bank (PK) Chart