[15] After the merger with Crédit Agricole bank, the loan portfolio of Raiffeisen banka is expected to reach almost €3 billion and the client base to exceed one million.
The merger of Raiffeisen banka a.d. Beograd and Crédit Agricole Srbija A.D. Novi Sad is expected to be completed by the end of the second quarter of 2023.
By then, opposition Belarusian presidential candidates, demonstrators, and journalists had been arrested by the regime of Alexander Lukashenko amid mass protests.
[20] In January 2023, U.S. Treasury Department's Office of Foreign Assets Control became interested in Raiffeisen's Russian business.
[23] In December 2023, Ukraine excluded Raiffeisen Bank from the list of war sponsors for the 12th package of EU sanctions against Russia.
The RBI Group will continue to progress potential transactions which would result in the sale or spin-off of Raiffeisenbank Russia and deconsolidation of Raiffeisenbank Russia from the RBI Group, in full compliance with local and international laws and regulation and in consultation with the relevant competent authorities.
The NBU pointed out that they see a positive shift in the rhetoric, however, they also acknowledge the lack of a specific plan that will further reduce RBI operations and presence in Russia and lead to the spin-off.
On the other hand, the NBU pointed out the systematic contribution of RBI’s subsidiary in Ukraine - Raiffeisen Bank Aval JSC, to the country's financial stability during the raging war.
According to Reuters, one of the senior Raiffeisen executives said that they are negotiating a selling deal for the Russian branch with two potential buyers.
[citation needed] Austria had wanted Raiffeisen Bank International removed from the Ukraine blacklist in return for signing off on the latest EU sanctions package against Russia.
[29] Austrian officials say Raiffeisen has been treated unfairly when other banks, such as Italy's UniCredit, remains active in Russia but does not appear on the list of sponsors of war.
[29] On 7 March 2024, the US Treasury Department stated it was to meet Raiffeisen to warn they "risk being cut off from the U.S. financial system".