Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accept.
Raiffeisen Bank International
Breaking News
The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
The following bids, mergers, acquisitions and disposals were reported on Monday including Forbes, Axel Springer, MidCap Financial LLC, Goldman Sachs and others.
Raiffeisen Bank International had been drubbed by bad debts in its Eastern European business as well as insolvencies and restructuring in its home country of Austria.
Raiffeisen Bank International said it would be buying out the minority stake in its Croatian business.
Raifeisen Bank International CEO said financial investors would prop up its capital requirements.
Raiffeisen Bank International Chairman says that it would tighten compliance rules due to the latest Stepic controversy.
