Thursday, 3 March 2022

RBA: Croatian Clients' Money And Assets Safe

ZAGREB, 3 March 2022 - Raiffeisenbank Austria (RBA) on Thursday underscored that the bank is not directly exposed nor is its business directed at the Russian or Ukraine markets, adding that its clients' money and assets in Croatia are safe.

Regarding Raiffeisen Bank International (RBI) and its exposure to the Russian and Ukraine markets and its connection with the local RBA bank in Croatia, "all RBA bank services, products, all domestic and foreign payments, with the exception of those covered by sanctions, are accessible to clients."

RBA Croatia is one of 13 banks within the Austrian Raiffeisen Bank International Group (RBI) operating in central and eastern Europe, RBI said and added that based on experience over the past years, it has developed a proven approach to protect its clients.

The approach consists of conservative management of business activities, preventing the exposure of clients to any significant risk on the Croatian market. It includes a high level of liquidity and capital, which is significantly above that required by European regulators, and a very strict strategy resulting in self-sustainability.

RBA management board president Liana Keserić said that while it is witnessing the destructive consequences of the current conflict for Ukraine's residents, the bank is doing everything to offer its clients what responsible bankers are required to provide - a secure bank and secure access to money, products, and services.

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