Raiffeisen Group Doesn't Intend to Leave Ukrainian Market
OREANDA-NEWS. "Raiffeisen Group doesn't intend to leave the Ukrainian market", said CEO of Raiffeisen Bank International Karl Sevelda during the conference call for investors, dedicated to the announcement of RBI's unaudited preliminary results for the financial year 2014 and the Group's updated strategic review for the years to come.
In his speech Mr.Sevelda mentioned that in Ukraine Raiffeisen Group has a very well established franchise with a stable liquidity position, high interest margins and a very strong coverage ratio. "The consolidating market offers selective business opportunities, this resulting in a growing customer base and additional fee business for Raiffeisen Bank Aval", he said.
Within the framework of the Group Strategic Update programs, the target of the Group is the reducing of risk-weighted assets in Ukraine by 30 percent during the next three years. The decision was caused by the difficult current situation in the region. "We are very much focused on deals with multinational customers, the agribusiness and the trade finance", Mr.Sevelda added.
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