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Austria , Thursday 15 October 2026

Austrian banks unaffected by banking turmoil - finance minister tells NZZ

Published on: Friday 07 April 2023

Austrian banks unaffected by banking turmoil - finance minister tells NZZ Austria's government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country's financial sector, Finance Minister Magnus Brunner said in an interview published on Saturday. He also defended Raiffeisen Bank International (RBI) which has come under fire for continuing to operate in Russia despite the war in Ukraine. The Austrian lender is now the most important Western bank in Russia, offering a lifeline to people and businesses there seeking to make international payments, but it is under growing pressure from Western officials and investors to quit.


News source: https://finance.yahoo.com/news/austrian-banks-unaffected-banking-turmoil-092000698.html

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