Banking group Raiffeisen Bank International (RBI) is currently unable to name the moment of the sale of Russian business, the bank's press service announced.
„Regarding the intention to sell Raiffeisenbank Russia, the RBI cannot give any time frame as such a transaction requires many approvals from various regulators, the bank said.
Commenting on Raiffeisen's decision to stop making foreign currency transfers for almost all Russian customers from September 2, a representative of the banking group said: "RBI announced a significant reduction in outgoing payments from Russia in July when it presented data for the first half of 2024. Today's news is a step towards implementing this reduction.