Austria’s Raiffeisen Bank said on Saturday it would buy Garanti BBVA’s Romanian business for 591 million euros ($680 million), its first significant acquisition in recent years.
The deal marks a turning point for Raiffeisen, which has long been under pressure to withdraw from Russia due to its invasion of Ukraine and the imposition of Western sanctions on Moscow.
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Raiffeisen’s CEO Johann Strobl said his bank … [762 chars]
Source: Reuters | Published: 2026-03-28T09:48:54Z
Credit: Reuters
