Croatia (Hrvatska), 20th Apr 2022, King NewsWire, Martin Kolev, former Raiffeisen Bank wealth and asset manager said that the RBI and Co. now must report their liquidity to the supervisory authorities more frequently.
The European Central Bank (ECB) has put banks with close ties to Russia, such as Raiffeisen Bank International (RBI) and the European arm of Russia’s VTB, under closed scrutiny.
The West has imposed sweeping financial sanctions on Moscow. In addition, the affected banks must inform the supervisory authorities about the effects of the sanctions on their assets in Russia and Ukraine. Accordingly, the supervisory authorities have been in constant contact with the banks since the Russian invasion of Ukraine. “Our Russian subsidiary bank has a very strong liquidity base and is seeing inflows,” said RBI boss Johann Strobl in a statement. “The capital position is also strong.” Russian customers have confidence in the bank. At the same time, the employees in Ukraine would maintain the most important banking services, Strobl continued. “Services are offered on the condition that there is no risk to the safety of employees and customers,” said a statement published by RBI.
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Country: Croatia (Hrvatska)
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