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VIENNA, January 20. /TASS/. Raiffeisen Bank International (RBI) does not intend to sell its Russian unit ZAO Raiffeisenbank, CEO Karl Sevelda said on the sidelines of a Euromoney conference.
“I can only repeat what we’ve already announced. We stick to the Russian business, and we’re not going to sell it. Why should we sell our most profitable unit?” Sevelda said.
He added that some media reports on Raiffeisenbank sale were not true, and added that the Russian unit is an important part of the overall RBI strategy, though the current crisis in the Russian economy might take its toll.
“In any crisis situation you get more cautious, you take a more cautious look at borrowers, at loan granting policy. This might also take toll on the Russian unit, let’s wait and see. The Russian unit is an important part of our business strategy and will remain so,” Karl Sevelda.