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Ingrid Ditz
Group Communications, Corporate Spokeswoman
RBI is a very profitable bank with a proactive risk policy. This is reflected in our very good half-year results and the recent reaffirmation of our rating by Standard & Poor's. This once again demonstrates the stability of our bank and the resilience of our business model. The profitability of our business in Austria as well as in the Central Europe and Southeastern Europe regions is excellent. Even if you exclude the profit from the sale of our Bulgarian subsidiary bank, we can be very satisfied with our results.
For months we have been working in a very focused and structured way on strategic options for our Russian business. This process takes into account the unprecedented and rapidly changing market conditions in Russia. Due to the complex situation and the constantly changing framework conditions, the process will still take some time. Since the first quarter, Raiffeisenbank in Russia has already reduced its lending volume, measured in local currency, by more than one fifth and strengthened its equity base.
Group Communications, Corporate Spokeswoman
Corporate Spokesman