The Russian and Belarusian operations of Raiffeisen Bank International (RBI) posted the sharpest gains in profit among its subsidiaries in the first half, figures on Tuesday showed, even as the Austrian bank weighs a possible withdrawal from the region. The profitability of the Russian operations complicates the picture for the Vienna-based bank as it maps out its future following Moscow's invasion of Ukraine. RBI, one of Europe's banks most exposed to Russia, has been studying strategic options for the business, including a possible withdrawal from Russia.
VIENNA (Reuters) -Austria's Raiffeisen Bank International (RBI), one of the banks in Europe most exposed to Russia, on Monday said its second-quarter profit more than tripled after booking a gain from the sale of its Bulgarian subsidiary. "All options relating to Russia and Belarus remain on the table," RBI, which is scheduled to release full second-quarter results on Aug. 2, said. RBI said it now expects net interest income of between 4.3 billion and 4.7 billion euros and net fee and commission income of at least 2.7 billion in 2022.