Reported 17 days ago
The European Central Bank is pressing Raiffeisen Bank International and UniCredit to maintain capital reserves to mitigate risks from their Russian operations. This move comes as both banks have been slow to reduce their activities in Russia following the invasion of Ukraine. The ECB may adjust individual capital requirements to account for these risks, while Raiffeisen faces additional demands due to its exposure to risky real estate loans. Both banks are trying to navigate regulatory pressures amid their operations in a volatile environment.
Source: YAHOO