RBI’s structural FX charges climb on unhedgeable ruble

Trading-book RWAs under the standardised approach have soared 234% since Ukraine invasion

The lack of hedging options for the Russian ruble has further increased costs for Raiffeisen Bank International (RBI) to maintain its subsidiary in Moscow, with the currency’s vagaries resulting in €693 million ($743 million) of new risk-weighted assets (RWAs) for the first quarter.

Standardised market RWAs rose 9.5% to €8 billion during the period, marking a 234% increase since end-2021. This surge came as a result of the bank’s entanglement between Western-imposed sanctions over the invasion

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here