Orban’s Son-in-Law István Tiborcz Could Take Control of Russian Raiffeisen Bank with Putin’s Support
Russian Raiffeisenbank Purchase Likely to Require Putin’s Help
The Russian subsidiary of the Austrian Raiffeisen Bank, AO Raiffeisenbank, is known for being a highly profitable company. However, despite efforts by the parent company to sell it in recent years, a Russian court has put a stop to any potential purchase. The solution to this dilemma may lie with István Tiborcz, the son-in-law of Hungarian Prime Minister Viktor Orbán, who is rumored to be interested in acquiring the subsidiary with the help of the Russian presidential office. These claims were reported by the Austrian newspaper Der Standard, based on insider information.
Rumors of Tiborcz’s Interest in Raiffeisen Bank International’s Russian Subsidiary
According to reports from 24.hu, Der Standard has suggested that István Tiborcz, who is married to Rahel Orbán, the Prime Minister’s daughter, may be considering the purchase of the AO Raiffeisenbank. Tiborcz’s rise to wealth and prominence in Hungary has been documented, showcasing his success in securing state loans and winning public procurements. He currently owns luxury properties and operates exclusive clubs in Hungary and Europe.
While rumors swirl about Tiborcz’s interest in acquiring the profitable Russian subsidiary, the road to this acquisition is not without obstacles. It is believed that Tiborcz may need the approval of Russian President Vladimir Putin to move forward with the purchase.
Negotiations Involving Tiborcz, Russia’s Central Bank, and Presidential Administration
Der Standard’s report suggests that negotiations have begun involving Tiborcz, representatives from Russia’s central bank, and the Russian presidential administration. The final decision on any potential transaction is said to rest with Putin. However, before any deal can be finalized, the Russian court’s ban on the sale of the subsidiary must be lifted.
Despite these reports, Tiborcz’s group has denied any interest in acquiring Raiffeisen’s Russian portfolio. They emphasized that Russia is not a focus of their investments and that they are not commercially active in the country. Meanwhile, the Raiffeisen group has not refuted Der Standard’s information.
As the situation continues to unfold, the potential involvement of István Tiborcz in the purchase of the Russian Raiffeisenbank remains a topic of interest and speculation.
