Raiffeisenbank cooperates extensively with a number of Russian banks
Raiffeisenbank International (RBI), a banking group from Austria, severed relations with a number of Russian banks that had correspondent reports opened in RBI, report RBC with reference to a representative of the banking group.
“In the past 2022, Raiffeisenbank International made an operational decision to consume relationships with some respondent banks in Russia,” — reported representative of the bank, without specifying the name of the organization.
According to him, we are not talking about the consumption of relations with his sector Raiffeisenbank. I measure the frequency of “proactively” controlling the volume of transactions that can be performed by the bank using customers with a large number of correspondent accounts.
Raiffeisenbank sent letters to Russia to client banks with a warning about closing euro accounts, among these organizations was “Tinkoff bank,” the source added.
“Tinkoff bank“temporarily suspended transfers through the international SWIFT system in euros, because their conduct increased, TASS reported on May 6, citing the press service of the bank.
“Due to the increase in the processing time, SWIFT transfers in euros are temporarily not carried out. Tinkoff clients make SWIFT transfers in other currencies,” the credit institution said.
Previously RBC a message that representatives of Russian banks increased the number of transfers through the SWIFT system, and the number of refusals due to a warning about monitoring the observance of user rights by foreign banks. Several credit institutions use bonds for up to several weeks.
In early March, it was announced that seven Russian banks were disconnected from the SWIFT system – VTBbank “Russia”Opening”, Novikombank, Promvyazbank, Sovcombank and VEB.RF. In the sixth package, the EU participates in SWIFT Sberbank and two more large Russian banks.
Banks in the US and Europe are bracing for more than $10 billion in losses if they shut down operations in Russia, the Financial Times reported. Group Raiffeisen Bank International, according to the FT, suffered a loss of 320 million euros. A week after the start of the special operation in Ukraine, Reuters reported that the Austrian bank was considering leaving Russia, the information about this was called unreliable by the bank’s press service.