Austria's RBI assumes selling 60% of Russia business and retaining 40%

The logo of Raiffeisen Bank International (RBI) is seen at its headquarters in Vienna·Reuters
Reuters

FRANKFURT (Reuters) - Austria's Raiffeisen Bank International is most likely to sell 60% of its Russia business while retaining 40%, the CEO of the bank said on Tuesday.

Chief Executive Officer Johann Strobl said that such a scenario had the "highest probability" as the bank seeks approvals from authorities from Moscow to Washington for any possible deal.

(Reporting by Tom Sims and Alexandra Schwarz-Goerlich, Editing by Miranda Murray)