Raiffeisen Bank International (RBI), based in Austria, has announced that it is in negotiations for the sale of its 87.74% stake in Belarus’s Priorbank. The potential buyer is Soven 1 Holding Limited, an investment entity from the United Arab Emirates (UAE). This move by RBI to divest its stake in Priorbank, along with its subsidiaries, signals a significant shift, potentially marking the bank’s exit from the Belarusian market. RBI has been heavily criticised for dragging its heels over exiting both Belarus as well as Russia, where it also continues to operate a highly profitable banking busin…