One of many richest businessmen of Hungary, the son-in-law of the nation’s prime minister Viktor Orban Istvan Tibornz is within the buy of the Russian unit of the Austrian banking group Raiffeisen Financial institution Worldwide (RBI). This was reported by the Austrian newspaper Der Normal just about sources.
In response to the interlocutors of the publication, “quite severe” negotiations between RBI and Torn are at the moment underway. On the similar time, representatives of the Central Financial institution of Russia and the Presidential Administration of the Russian Federation take part within the negotiations, in keeping with Der Normal. It was Moscow who proposed the candidacy of Torn as a possible purchaser, the newspaper writes.
The query of the doable sale of Raiffeisenbank Tibortsa was mentioned within the remark council of RBI in Vienna, says one of many sources.
Der Normal additionally writes about “rumors”, in keeping with which the most important Hungarian financial institution OTP Financial institution could also be associated to the transaction, which operates in Russia. Within the financial institution itself, that is denied.
In response to the request of Der Normal, Tibornz mentioned he was not concerned with shopping for the Russian division RBI. He added that his group of firms doesn’t conduct enterprise in Russia and Russia has by no means been a precedence for its funding.
Hungarian Forbes Evaluates The state of Torn in 151.5 billion forints (roughly 375 million euros). He’s married to the daughter of Viktor Orban Rachel. By means of a gaggle of BDPSt firms, he owns accommodations and actual property. In 2018, the European Bureau for Combating Fraud (OLAF) beneficial the Hungarian prosecutor’s workplace to begin an investigation associated to one of many Tiborian firms, which gained tenders for strengthening streets within the Hungarian cities financed from the EU. The investigation was closed with none outcomes.
Raiffeisen Financial institution Worldwide introduced the intention to show off actions in Russia again within the first weeks of the full-scale Russian-Ukrainian warfare. A yr later, the group mentioned that she was contemplating two eventualities for leaving the Russian market – the sale of a “daughter” or the withdrawal of this asset from the group. In April 2024, the ECB ordered RBI to scale back its mortgage portfolio within the nation by 65% by 2026 and scale back worldwide funds. In July, the banking group mentioned that he “prompts efforts” to scale back their enterprise in Russia below strain from the ECB, however can not predict the deadlines, since any transaction requires quite a few approvals.
In October 2024, the top of RBI Johann Stroble mentioned that the financial institution was not prepared to go away Russia in keeping with the so-called “zero situation”-that is, with none compensation for Russian enterprise. He famous that Raiffeisenbank, together with this, continues to take measures to scale back enterprise in Russia and can adhere to this technique sooner or later. Nonetheless, a particular plan for leaving the nation from the financial institution, in keeping with the bar, shouldn’t be but.
