
John Carlson
Head of Group Investor & Media Relations
Raiffeisen Bank International AG (RBI) has today signed an agreement on the sale of its 87.74 per cent stake in Priorbank JSC and its subsidiaries to Soven 1 Holding Limited – thereby completing the negotiations which were announced on February 14, 2024 (Ad-hoc release February 2024). The transaction is subject to regulatory approvals and successful closing, which is expected in Q4/2024.
With the completion of this transaction, RBI will have successfully exited the Belarusian market, and thereby reduced its operational complexity in line with its de-risking strategy in Eastern Europe.
Under its new ownership Priorbank JSC will operate in a fully independent manner.
Group Investor Relations
Head of Group Investor & Media Relations