The Raiffeisen Bank International ($RBI (+0,1 %) ) plans to divest its subsidiary bank Priorbank in Belarus. To this end, it is currently negotiating with Soven 1 Holding Limited from the United Arab Emirates.

If this sale materializes, the RBI would incur a loss of 225 million euros would suffer.

In addition to this loss of 225 million euros the completion of the sale would have a further negative effect on RBI's income statement of around 450 million euros have. This is due to the fact that historical currency losses have to be recognized until the sale is completed. The Belarusian rouble has 2011 compared to the euro lost much of its value against the euro.

RBI is also active in Russia, where it has also reduced its business. It is even considering selling or spinning off its subsidiary bank in Russia. In order to reduce the business risk in Russia, the RBI currently, Strabag shares ($STR (+0,13 %) ) of the Russian oligarch Oleg Deripaska to buy them. RBI hopes to close this deal by the end of March 2024 by the end of March 2024.