Austria’s RBI more than doubles quarterly profit

VIENNA, Jan 31 (Reuters) – Austria’s Raiffeisen Bank International (RBIV.VI), one of the banks in Europe most exposed to Russia, on Tuesday said fourth-quarter profit more than doubled and that it had “advanced” its assessment of the future of its Russia and Belarus business.RBI has been studying strategic options for the business, including a possible withdrawal, following Russia’s invasion of Ukraine last year. It has warned that its effort may take some time.CEO Johann Strobl said RBI had “advanced” its assessment of the businesses there but provided no details.”We operate in a previously unknown, complex market environment. …
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