Massive price losses occurred on Thursday on the Vienna Stock Exchange. Domestic banks were particularly hard hit.
In Vienna, the shares of Raiffeisen Bank International (RBI), which operates in Ukraine and Russia, fell by 23 percent. With regard to possible sanctions, RBI has already made provisions of EUR 115 million. The bank’s lending volume last year was EUR 11.6 billion in Russia and EUR 2.2 billion in Ukraine. At the beginning of February, RBI boss Johann Strobl put the market share in Russia at less than 2 percent.
Among the other heavyweights, Erste Group shares fell in double digits by 12.4 percent. Bawag titles fell by more than nine percent.
All sectors were caught up in the downward trend. Wienerberger plummeted by 12 percent. OMV papers buckled by 9.4 percent. voestalpine weakened by 7.9 percent. Only the Verbund share was able to buck the downward trend on Thursday. The energy supplier’s shares rose by 5.1 percent.
