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Raiffeisen Bank International AG receives 12 offers to buy Raiffeisen Bank Aval' PAT-Interfax

Wednesday, 12 Feb 2014 06:01am EST 

Raiffeisen Bank International AG:Raiffeisen Bank International (RBI) has received 12 offers to acquire its subsidiary bank in Ukraine, Raiffeisen Bank Aval' PAT (Raiffeisen Bank Aval), RBI Head Karl Sevelda said in an interview with Germany's Die Presse-Interfax.He did not disclose the potential cost of the bank, but he said that its balance sheet value is around 820 million euros.Sevelda said that the Ukrainian subsidiary made a profit of 90 million euros in 2012.He said that if the political situation in Ukraine worsens, the group has plans in case of unforeseen consequences, including measures to ensure safety of employees and support the bank's liquidity.Sevelda also said that the group is mulling the leaving of Hungarian and Slovenian markets and plans to invest in six other markets: Austria, Russia, Poland, the Czech Republic, Slovakia and Romania.In Oct. 2013 it was announced that RBI is holding negotiations on the sale of Raiffeisen Bank Aval.