Raiffeisen International
Raiffeisen Banking Group Austria (RBG) includes the major institution Raiffeisen Bank International (RBI), which is based in Austria. Listed on the Vienna Stock Exchange, the bank's principal owners are RBG's regional banks. Prior to their reverse merger in March 2017, RBI operated as a wholly owned subsidiary of Raiffeisen Zentralbank (RZB Group). Due to its size, the bank was one of the 126 banking groups regulated by the European Central Bank.
The Office of Foreign Assets Control of the United States Treasury Department began investigating Raiffeisen's Russian operations in January 2023. After Russia's invasion of Ukraine, Raiffeisen was one of the few major international banks to keep operating. Raiffeisen Russia is a systemically important bank that ranks second in the group for net profit and contributes more than 50 percent of the group's net profit (2 billion euros out of a total of 3.8 billion euros).
Since recent developments have drawn attention to the bank's operations in Russia, OFAC has asked the bank to "clarify" such operations. In a statement, Raiffeisen said it would respond to inquiries in multiple phases between April and June of 2023. The National Agency for Corruption Prevention in Ukraine blacklisted Raiffeisen in March 2023 as a global supporter of war.
In April 2023, the market capitalization of Raiffeisen Bank International was $5 billion. According to the company's market cap, Raiffeisen Bank International is now the 2408th most valuable company in the world. The most recent annual report shows that annual revenue (TTM) for Raiffeisen Bank International is $10.07 billion. The company's revenue of $6.55 billion in 2021 represents an increase over the $6.06 billion it earned in 2020.
Founded: 16 August 1927
Headquarters: Vienna, Austria
Website: https://www.rbinternational.com/en
