Bulletin: Raiffeisen Bank International's Planned Exit From Belarus Reduces Reputational And Political Risks - S&P Global Ratings’ Credit Research

Bulletin: Raiffeisen Bank International's Planned Exit From Belarus Reduces Reputational And Political Risks

Bulletin: Raiffeisen Bank International's Planned Exit From Belarus Reduces Reputational And Political Risks - S&P Global Ratings’ Credit Research
Bulletin: Raiffeisen Bank International's Planned Exit From Belarus Reduces Reputational And Political Risks
Published Feb 15, 2024
2 pages (1255 words) — Published Feb 15, 2024
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Abstract:

FRANKFURT (S&P Global Ratings) Feb. 15, 2024--S&P Global Ratings said today that Raiffeisen Bank International AG's (RBI's; A-/Negative/A-2) intended sale of its subsidiary in Belarus contributes to the de-risking efforts of noncore business activities of the banking group. We consider RBI a core entity of the wider Raiffeisen Banking Group (RBG). While exposures in the Belarusian market represent an immaterial share of about 0.25% of RBG's consolidated loan portfolio as of June 2023, we believe the planned sale reduces nonfinancial risks, particularly reputational and political risks. On Feb. 14, 2024, RBI announced that it was in advanced negotiations with an investor from the United Arab Emirates regarding the sale of its 87.74% ownership stake in Belarus-based Priorbank JSC, pending proof

  
Brief Excerpt:

...February 15, 2024 FRANKFURT (S&P Global Ratings) Feb. 15, 2024--S&P Global Ratings said today that Raiffeisen Bank International AG's (RBI's; A-/Negative/A-2) intended sale of its subsidiary in Belarus contributes to the de-risking efforts of noncore business activities of the banking group. We consider RBI a core entity of the wider Raiffeisen Banking Group (RBG). While exposures in the Belarusian market represent an immaterial share of about 0.25% of RBG's consolidated loan portfolio as of June 2023, we believe the planned sale reduces nonfinancial risks, particularly reputational and political risks. On Feb. 14, 2024, RBI announced that it was in advanced negotiations with an investor from the United Arab Emirates regarding the sale of its 87.74% ownership stake in Belarus-based Priorbank JSC, pending proof of funds by the investor and further reviews and approvals by regulators and authorities. RBI expects a minimal impact on its capitalization after the deal closes, and a negative...

  
Report Type:

Bulletin

Issuer
Raiffeisen Bank International AG
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Austria
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Raiffeisen Bank International's Planned Exit From Belarus Reduces Reputational And Political Risks" Feb 15, 2024. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Raiffeisen-Bank-International-s-Planned-Exit-From-Belarus-Reduces-Reputational-And-Political-Risks-3125889>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Raiffeisen Bank International's Planned Exit From Belarus Reduces Reputational And Political Risks Feb 15, 2024. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Raiffeisen-Bank-International-s-Planned-Exit-From-Belarus-Reduces-Reputational-And-Political-Risks-3125889>
  
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