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Raiffeisen Bank International AG (RBI) has revised its outlook due to the changed circumstances affecting the daily environment and the global economy as a result of the measures being taken to limit the spread of COVID-19. The associated constraints are likely to result in a severe recession in the Euro area (assumed -4% GDP in 2020) with negative repercussions for RBI’s markets (assumed up to -6% GDP in 2020):
Last Thursday, the six participants in the third round of the Fintech Partnership Program Elevator Lab presented the results of their proofs of concept to the Innovation Board of Raiffeisen Bank International (RBI).
