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Raiffeisen says not affected by Corpbank woes in Bulgaria
June 20, 2014 / 5:07 PM / 3 years ago

Raiffeisen says not affected by Corpbank woes in Bulgaria

VIENNA, June 20 (Reuters) - Raiffeisen Bank International said it was unaffected by a run on Corporate Commercial Bank in Bulgaria which prompted the Bulgarian central bank to take control of the country’s fourth-largest lender on Friday.

“There is no impact on Raiffeisen Bank in Bulgaria,” a spokesman for the Austrian bank said in Vienna.

Raiffeisen, emerging Europe’s second-biggest lender, said in its first-quarter report it was Bulgaria’s sixth-biggest bank with a 2.4 billion euro ($3.26 billion) loan book and more than 740,000 customers.

$1 = 0.7366 Euros Reporting by Michael Shields; Editing by Pravin Char

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