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Raiffeisenbank International (RBI) has reduced its share in the Russian payment market by 50% from the peak values of 2022, returning the volume of transfers to the levels before the full-scale military invasion of Ukraine, RBC business portal reported citing RBI’s presentation of preliminary financial results for 2023. As covered in detail by bne IntelliNews, RBI came under heavy regulatory pressure to come up with an exit plan from Russia, the country where it made 60% of its net profit in 2022. RBI has scaled down its Russian business and was reportedly considering the sale of the business …

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