VIENNA Aug 8 Raiffeisen Bank International
on Friday played down the potential impact of Western
sanctions on its crucial Russian business.
"We don't expect the new U.S. or EU sanctions to have any
significant direct effect on RBI's business," Chief Risk Officer
Johann Strobl said in comments released by emerging Europe's
He also expressed confidence that the Raiffeisen group would
hold up well in the European Central Bank-led Asset Quality
Review (AQR) health checks of euro zone major banks, including
its unlisted parent, Raiffeisen Zentralbank.
"The AQR process and stress tests are still ongoing. As of
yet, there has been no response from the ECB. Nevertheless, we
believe that we will pass both the AQR and stress test," he
(Reporting by Michael Shields; editing by Jason Neely)