Raiffeisen Bank International

“We will capitalize on the advantages against the competition and aims to grow by 1 mln. Clients per year,” said Vivaldi, adding that 40% of the profits of the Italian bank, which is represented in Bulgaria by UniCredit Bulbank, comes from the region and 60% of the growth of the bank itself.
President and Director for the CEE region in AO Citibank Russia Mark Luhe speaks for banks in Russia, which closed last year because of deteriorating economic situation in the country.
Director of Raiffeisen Bank International, which is also represented in Bulgaria by the eponymous bank, Karl Sevelda said that the year will be marked by attempts by banks to reduce costs. He reiterated the commitment of Austrian banks to the Russian market, but said that the economic environment has changed its business model, including by reducing the branches.
“But that does not mean that we do not believe in the Russian market. It is definitely one of our most profitable markets, “said Sevelda, adding that the banking regulator in Russia is one of the most liberal in Europe.
In terms of business in Bulgaria – reporters Sevelda expressed his satisfaction with the good performance of the bank in the country last year and confirmed that Raiffeisen has no intention to part with their operations here.
Director of the Austrian bank hinted to other two risks – excess liquidity, which suppresses bank profits, and negative interest rates, which are a problem throughout Europe.
“The capital that is allocated by the banks in the region is increasing. If banks want to extend credit, they will not only lend to large corporate clients, but more small and medium enterprises. The competitive advantage of banks in CEE will increase their balance sheets to offer a wide range of financing services – commercial finance, factoring, leasing and others, “said the Head” Investment and Corporate Banking “at UniCredit CEE Enrico mines.
Representatives of the banking sector commented that bank financing in general, but specifically – for short-term purposes and working capital, there is no alternative, not only in Europe but in particular – in the CEE region.