UPDATE 1-ECB scrutinises geopolitical risks for banks after Russia 'lesson' Writes through with more detail on framework By Huw Jones LONDON, July 24 (Reuters) - The European Central Bank's top banking supervisor said on Wednesday she was working on a new framework for assessing how geopolitical risks impact banks, drawing lessons from sanctions on Russia hitting operations of several euro zone lenders.

UPDATE 1-UniCredit eyes 2025 targets to cut Russia exposure, no full exit Sets 2025 targets to reduce Russia presence, but no full exit Books charges after court seizure, partly offset by writebacks Awaiting clarifications from ECB over Russia exit demands Determined not to take unnecessary risks by complying with ECB Recasts adding comments, 2025 goals over Russia exposure reduction By Valentina Za MILAN, July 24 (Reuters) - Italian bank UniCredit CRDI.MI said it aims to more than halve loans a

UPDATE 2-UniCredit tops profit forecast, makes cloud investment Better than forecast revenue in Q2, slightly ups goal Takes provisions on Russia after court seizure CEO says to wind down Russia business over 1-2 years Adds detail on Russia in paragraphs 2-4, analyst comment in paragraph 12 By Valentina Za MILAN, July 24 (Reuters) - Italian bank UniCredit CRDI.MI beat second-quarter profit expectations on Wednesday and said it was buying a Belgian digital bank that has its own cloud-based IT plat

UniCredit posts higher-than-expected second quarter profit MILAN, July 24 (Reuters) - UniCredit CRDI.MI reported on Wednesday a larger-than-expected 5% quarterly rise in net profit for the three months through June, as revenues in the period held up better than anticipated compared with the start of the year. UniCredit said net profit came in at 2.7 billion euros ($2.9 billion) for the second quarter, above a 2.36 billion euro average forecast from analysts polled by the bank.

RPT-INSIGHT-How Raiffeisen's bet on Russia took it to the brink Repeats JULY 4 story By John O'Donnell VIENNA, July 4 (Reuters) - For more than four months, U.S. envoys delivered increasingly shrill warnings to Austria's Raiffeisen Bank International RBIV.VI to scrap a deal they said had links to one of Russia's most powerful oligarchs. In May, Washington's patience snapped.

RPT-INSIGHT-How Raiffeisen's bet on Russia took it to the brink Repeats JULY 4 story By John O'Donnell VIENNA, July 4 (Reuters) - For more than four months, U.S. envoys delivered increasingly shrill warnings to Austria's Raiffeisen Bank International RBIV.VI to scrap a deal they said had links to one of Russia's most powerful oligarchs. In May, Washington's patience snapped.

INSIGHT-How Raiffeisen's bet on Russia took it to the brink By John O'Donnell VIENNA, July 4 (Reuters) - For more than four months, U.S. envoys delivered increasingly shrill warnings to Austria's Raiffeisen Bank International RBIV.VI to scrap a deal they said had links to one of Russia's most powerful oligarchs. In May, Washington's patience snapped.

UPDATE 3-UniCredit contests ECB demands to cut Russia risks in EU court Has legal doubts on terms of ECB's Russia requests Italy foreign minister says complaint warranted Seeking suspension of decision pending proceedings ECB has demanded roadmap for lenders' Russia exit Raiffeisen says will not challenge ECB demands Adds detail on timing, Italian foreign minister comment in paragraphs 3-7 By Valentina Za and John O'Donnell MILAN, July 1 (Reuters) - UniCredit CRDI.MI said on Monday it was challe

UPDATE 1-Austrian regulators fine Raiffeisen for money laundering lapses Adds RBI comment FRANKFURT, June 28 (Reuters) - Austrian regulators fined Raiffeisen Bank International RBIV.VI for lapses in its money laundering controls, the country's Financial Market Authority said on Friday, imposing a record fine of just over 2 million euros ($2.1 million).

Austrian regulators fine Raiffeisen for money laundering lapses FRANKFURT, June 28 (Reuters) - Austrian regulators fined Raiffeisen Bank International RBIV.VI for lapses in its money laundering controls, the country's Financial Market Authority said on Friday, imposing a fine of just over 2 million euros ($2.1 million). The penalty, a record amount in Austria, was handed out after regulators found failings in RBI's money laundering and terror financing checks on two correspondent banks, the regu

BRIEF-RBI Supervisory Board Extends Mandate Of CRO Hannes Mösenbacher June 28 (Reuters) - RAIFFEISEN BANK INTERNATIONAL AG RBIV.VI : SUPERVISORY BOARD EXTENDS MANDATE OF RBI CRO HANNES MÖSENBACHER EXTENDED THE MANAGEMENT BOARD MANDATE OF CHIEF RISK OFFICER HANNES MÖSENBACHER BY FIVE YEARS UNTIL MARCH 2030 Further company coverage: RBIV.VI (Gdans

UPDATE 1-Hungary central bank lifts countercyclical capital buffer to 1% from July 2025 Updates with detail BUDAPEST, June 25 (Reuters) - The National Bank of Hungary said on Tuesday it will increase the countercyclical capital buffer rate for banks to 1% due to high geopolitical and macroeconomic uncertainty, with effect from July 1, 2025. The NBH said in a statement that the "notable profitability" of banks and their strong capital position enables it to apply the countercyclical capital buffe

Hungary central bank lifts countercyclical capital buffer to 1% from July 2025 BUDAPEST, June 25 (Reuters) - The National Bank of Hungary will increase the countercyclical capital buffer rate for banks to 1%, from 0.5%, effective from July 1, 2025, the bank said in a statement on Tuesday. "Due to the still high geopolitical and macroeconomic uncertainty, in line with the practice of European countries and the recommendation of international institutions, the Financial Stability Board has decided

UPDATE 1-European banks leaving Russia would hurt Western and Russian companies, Kremlin says Adds detail and further quotes from Kremlin spokesman in paragraphs 2, 4-9 MOSCOW, June 25 (Reuters) - European banks leaving Russia would damage both Western and Russian companies, Kremlin spokesman Dmitry Peskov said on Tuesday, pointing to the many Western businesses that still operate and use banking services in Russia.

European banks leaving Russia would hurt Western and Russian companies, Kremlin says MOSCOW, June 25 (Reuters) - European banks leaving Russia would damage both Western and Russian companies, Kremlin spokesman Dmitry Peskov said on Tuesday, pointing to the many Western businesses that still operate in Russia. The banks "perform quite important functions in transferring funds, not only in the interests of our customers of these banks, but also foreign customers," Peskov told reporters, when asked

Low Carbon, Rezolv Energy secure finance for Romanian wind farm LONDON, June 13 (Reuters) - Renewable energy producer Rezolv Energy and British clean power investment firm Low Carbon have secured loan facilities of up to 291 million euros ($314 million) to finance the construction of an onshore wind farm in Romania. The consortium of lenders included Erste Group, UniCredit Group, the European Bank for Reconstruction and Development, as well as the International Finance Corporation, Intesa Sanpao

UPDATE 1-Raiffeisen's Russian unit reducing lending volumes to comply with ECB demands Adds details from paragraph 3 onwards MOSCOW, June 7 (Reuters) - The Russian subsidiary of Austria's Raiffeisen Bank International RBIV.VI said on Friday it had been forced to cut lending volumes in order to reduce its loan portfolio in compliance with demands from the European Central Bank.

Raiffeisen's Russian unit reducing lending volumes to comply with ECB demands MOSCOW, June 7 (Reuters) - The Russian subsidiary of Austria's Raiffeisen Bank International RBIV.VI said on Friday it had been forced to cut lending volumes in order to reduce its loan portfolio in compliance with demands from the European Central Bank. ECB Banking Supervision has asked all banks with significant exposure to Russia to speed up their de-risking efforts by setting a clear roadmap for downsizing and exit

Trafigura settles $8.4 mln lawsuit with Reuben Brothers firm By Eric Onstad LONDON, June 5 (Reuters) - Commodity trader Trafigura has settled a lawsuit filed by a firm owned by property and metals tycoons the Reuben brothers, Trafigura said on Wednesday, in a case linked to an ongoing alleged nickel fraud case. The case was an off-shoot of a larger legal action in which Geneva-based Trafigura filed a lawsuit last year against businessman Prateek Gupta , alleging systematic fraud involving what w

Hungary central bank shows its independence with warning to OTP on Russia, S&P says By Gergely Szakacs BUDAPEST, June 4 (Reuters) - The National Bank of Hungary showed its independence by telling OTP Bank OTPB.BU last week to curb its Russian exposure, analysts at S&P Global said, amid repeated attempts by the Hungarian government to rein in the central bank's powers.