Raiffeisen Bank may buy a bank in Romania

Austrian banking group “Raiffeisen Bank International AG” is considering a purchase of a Citibank unit in Romania, which Citigroup Inc. has put up for sale, Fox Business reports, referring to an Austrian newspaper “Der Standard”.

Raiffeisen is interested in expanding the group’s corporate business in Romania, the newspaper reports, not naming its sources. Raiffeisen press-secretary declined to comment on the matter.

Adapted from:Maanimo.com

English translation by BSNews