Raiffeisen bank mulls partial exit from Eastern Europe

Austria-based Raiffeisen Bank International (RBI) announced Thursday that it might pull out of several Central and Eastern European countries. The bank is a major provider of financial services in the region, with subsidiaries in 16 countries. Chief executive Herbert Stepic did not name countries, but said the move would affect the subsidiaries with small returns and little growth potential. It is 'quite possible that we will retreat from one or the other country in the future,' he said. ...

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