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Top related persons:
Johann Strobl - 2 Strobl - 2 Leonhard Foeger - 1 Hannes Moesenbacher - 1 Moesenbacher - 1 Rene Benko - 1 Alexandra Schwarz - 1 Miranda Murray - 1
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Raiffeisen Bank - 2 REUTERS - 1 Rights - 1 Signa Group - 1 RBI - 1 Thomson - 1 Service - 1 Staff - 1

Search resuls for: "Johann Strobl"


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☆ Austria's RBI: realized extra 150 mln euros of property sector risk provisions
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +1 min
The logo of Raiffeisen Bank International (RBI) is seen at its headquarters in Vienna, Austria, March 14, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsVIENNA, Nov 21 (Reuters) - Raiffeisen Bank International (RBI) (RBIV.VI) has realized additional forward-looking risk provisions of around 150 million euros ($163 million) for the real estate sector, the Austrian bank's risk chief, Hannes Moesenbacher, said on Tuesday. Chief Executive Johann Strobl added that these provisions are "on top" and therefore go beyond what can be modelled. "In total, our top five commitments in the real estate sector amount to 2.2 billion euros," said Moesenbacher, who added that number one position amounted to 755 million euros. At its general meeting in March, RBI had decided not to distribute a dividend for the time being due to uncertainties.
Persons: Leonhard Foeger, Hannes Moesenbacher, Johann Strobl, Moesenbacher, Rene Benko, Strobl, Alexandra Schwarz, Miranda Murray, David Evans Organizations: Raiffeisen Bank, REUTERS, Rights, Signa Group, RBI, Thomson Locations: Vienna, Austria, Austrian, Russia
☆ The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months. That's an average of $24,000 per employee.
  + stars: | 2023-08-02 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Raiffeisen Bank spent $220 million more in staff costs for the Russian market in the first half of 2023. The Austrian bank is the largest Western bank still operating in Russia. And though the increase in headcount is minuscule, the bank's staff cost doubled during the reporting period, the Financial Times reported Tuesday. Raiffeisen Bank — the largest Western bank still operating in Russia, per Reuters — is still profitable in the country. Profits after tax at Raiffeisen's Russian business rose 9% on-year to 685 million euros in the first six months of the year.
Persons: It's, Raiffeisen, Reuters —, Johann Strobl, Strobl Organizations: Raiffeisen Bank, Service, Staff, Austria's Raiffeisen Bank, Financial Times, Raiffeisen, Reuters, New York Times Locations: Austrian, Russia, Wall, Silicon, Russian, Vienna, Ukraine
☆ Raiffeisen slams 'morally arrogant' critics as eyes Russia spin-off
  + stars: | 2023-03-30 | by ( Alexandra Schwarz-Goerlich John O'Donnell | Alexandra Schwarz-Goerlich | John O'Donnell | ) www.reuters.com   time to read: +1 min
VIENNA, March 30 (Reuters) - Raiffeisen Bank International (RBI) (RBIV.VI) took aim on Thursday at "morally arrogant" critics of its dealings in Russia, although said it was considering spinning off its business there anyway amid mounting pressure. Chairman Erwin Hameseder accused critics of "black and white moral thinking" from a "risk free zone of comfort", and said most Western businesses had not left Russia. However, CEO Johann Strobl told the meeting the bank would pursue a possible sale or spin-off of its Russian business. Earlier this month, people familiar with the matter told Reuters the European Central Bank was pressing RBI to unwind its highly profitable business in Russia. The pressure comes after a top U.S. sanctions official raised concerns about RBI's business in Russia on a visit to Vienna last month, another person said.
☆ Exclusive: U.S. sanctions authority probes Raiffeisen on Russia
  + stars: | 2023-02-18 | by ( John O'Donnell Francesco Canepa Alexandra Schwarz-Goerlich | John O'Donnell | Francesco Canepa | ) www.reuters.com   time to read: +5 min
An Austrian official said that Austrian authorities were monitoring the situation at Raiffeisen and its business in Russia closely because of the bank's importance. Almost a year since Moscow launched what it calls a "special military operation" in Ukraine, Raiffeisen is among a handful of European banks that remain in Russia. Raiffeisen made a net profit of roughly 3.8 billion euros last year, thanks in large part to a 2 billion euro plus profit from its Russia business. Alternatively, OFAC can also resort to less stringent measures such as levying fines and sending warning letters over sanctions violations. OFAC has sanctioned five major Russian banks, including state-backed Sberbank (SBER.MM) part of a response to that country's invasion of Ukraine, as well as wealthy oligarchs.
☆ Analysis: Loans to Russian soldiers fuel calls for European banks to quit
  + stars: | 2023-02-13 | by ( John O'Donnell Simon Jessop | John O'Donnell | Simon Jessop | ) www.reuters.com   time to read: +7 min
[1/4] A Russian police officer stands in front of a branch of the Raiffeisen Bank in Moscow, Russia, February 27, 2016. It made a net profit of roughly 3.8 billion euros last year, thanks in large part to a 2 billion euro plus profit from its Russia business. Of UniCredit's more than 20 billion euro total revenue last year, Russia accounted for more than 1 billion euros. Meanwhile, Russian savers lodged more than 20 billion euros with the bank, which offers a place to deposit funds with fewer sanctions risks. It banned investors from so-called unfriendly countries from selling shares in banks, unless the Russian President grants an exemption.
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