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Austria’s RBI says Russian, Ukraine banks well-capitalised -Breaking

by Mike Robinson

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© Reuters. You can see the Raiffeisen Bank International logo on Vienna office buildings, Austria (13 March 2019). REUTERS/Leonhard Foeger

VIENNA (Reuters – Austrian Raiffeisen Bank International has stated its Russian and Ukrainian banks are self-financing and well-capitalised. Provisions were made in its risk policy last year.

The bank released a statement Thursday saying that “as part of our forward looking risk policy, we already made provision last year and increased the rouble and established a hryvnia-hedging.”

It expanded into Russia after the collapse of Soviet Union. Now, it is the biggest presence of European banks in Russia.

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