BAKU, Azerbaijan, March 30. Raiffeisen Bank International (RBI), based in Austria, can allocate higher volumes of trade related transactions to Azerbaijan, RBI told Trend.
“At RBI, we have increased our limits in favor of Azerbaijani banks, so we can allocate higher volumes of trade related transactions to Azerbaijan,” said the Bank.
With increased interest rate level in western markets, RBI sees demand of asset allocation in such products like bonds, funds and equity.
“We therefore see good potential for the development of our cooperation with banks but also non-bank financial institutions from Azerbaijan,” said the Bank.
Raiffeisen Bank International has been acting for many years as the main correspondent bank in Europe for the financial market of Azerbaijan.
It is represented in 24 countries. In Central and Eastern Europe, Raiffeisen Bank covers 12 countries, five of which are EU members, with subsidiary banks. Its consolidated profit stood at 3.6 billion euros in 2022, driven by significant increase in core revenues.
RBI not only offers Austrian and international companies a broad range of products in corporate and investment banking, but also a comprehensive coverage in CEE. Through an extensive branch network, local companies of all sizes as well as private customers are supplied with high-quality financial products. RBI maintains representative offices and service branches in selected Asian and Western European locations to support its business activities.
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