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Raiffeisen Bank Int'l has 5 bln euro Ukraine exposure
March 27, 2014 / 7:12 AM / in 4 years

Raiffeisen Bank Int'l has 5 bln euro Ukraine exposure

VIENNA, March 27 (Reuters) - Austrian lender Raiffeisen Bank International put its total Ukraine exposure at 5.13 billion euros ($7.07 billion) as of the end of February.

Its government bond holdings amounted to 399 million euros as of March 13, while it described its liquidity position there as “currently stable”.

Raiffeisen made a profit of 101 million euros last year in Ukraine, which is locked in a confrontation with Russia over Moscow’s annexation of the Crimean peninsula. Crimea contributes less than 2 percent of its profit in Ukraine, it said in slides prepared for an analyst call.

$1 = 0.7254 Euros Reporting by Michael Shields; Editing by Kevin Liffey

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