Raiffeisen Bank International has entered into an agreement to sell its 87.74% stake in Priorbank JSC and its subsidiaries to Soven 1 Holding Limited. This transaction marks the bank's exit from the Belarusian market.
Raiffeisen Bank stated that the deal is projected to have a negative impact of approximately €300 million on the RBI Group's consolidated profit, primarily due to the discrepancy between the purchase price and the book value of Priorbank JSC. Additionally, the transaction is expected to result in a further estimated negative impact of around €500 million on the consolidated profit upon closing.
