Financial materials of Raiffeisen Bank International (RBI) indicate that this organization has closed all correspondent accounts of Russian banks. An exception is made only for the subsidiary bank Raiffeisen in Russia. The group announces a continued decline in its activity in the Russian Federation and a desire to leave the country.
At the same time, the report emphasizes that RBI is not going to completely curtail its activities in Russia. The Bank will continue separate operations in the Russian Federation and servicing its clients.
In February, Raiffeisen Bank International disconnected five Russian banks from its correspondent network, and also limited foreign exchange transactions in terms of number and volume for some Russian financial institutions. Then these actions were called an "echo" of the mass closure of correspondent accounts of Russian banks, which occurred in August 2022.
Since April 3, the Russian Raiffeisenbank has increased the minimum amount of a currency transfer, which now stands at 20,000 dollars or euros with a fixed fee of $300. They can only be made by bank customers with Premium or Premium 5 service packages that were connected to them before February 28, 2023.
In the first quarter of 2023, RBI's subsidiaries in Russia made a profit of 301 million euros.