Raiffeisen Bank is considering leaving Russia.

The Austrian group, Raiffeisen Bank International, is considering leaving Russia – it could be the first European bank to sever ties with the aggressor since the start of the war. However, such a decision, which could lead to the exit of one of the largest banks in Central and Eastern Europe, is not a foregone conclusion, it could be initiated if the bank needs additional capital, said one of the interlocutors. RBI has been operating in Russia for thirty years, and its business there is the tenth-largest in Russia in terms of assets. At the same time, the second interlocutor told Reuters that Raiffeisen could leave both Russia and Ukraine, transferring ownership to another person. According to him, a temporary suspension is also an option. RBI has invested €2.4B in its Russian subsidiary, which had assets of €11.96B at the end of last year.