Orbán's son -in -law before buying the largest West bank in Russia?

Orbán's son -in -law before buying the largest West bank in Russia?

Wien, Österreich - A huge deal could be on the move: István Tiborcz, the controversial son-in-law of the Hungarian Prime Minister Viktor Orbán and now one of the richest men in Hungary, shows interest in the purchase of the Russia subsidiary of Raiffeisen Bank International (RBI). According to the reports from OE24 , the AO Raiffeisenbank, which has been for sale, could finally find a buyer for years. In Banker circles, there is a boil over the talks that both the Russian Central Bank and the Russian Presidential administration involve.

The RBI suffers from the pressure of the EU and the USA to sell its billion dollar subsidiary, but the sale in Russia is prohibited in court. Insiders report that the bank registered a serious interest from Tiborcz, but still exists unconstitutionally about the legal framework of the sale. This deal could target the last major western financial institution, which is still active in Russia, and thus shows the entanglement of private interests with politics, since Tiborcz is closely linked to the Hungarian government apparatus.

tiborcz 'promotion in the financial sector

The 38-year-old Tiborcz has put a remarkable career. With his Gránit Bank, which is considered the eight -largest universal bank in Hungary, he recorded impressive growth above the industry average in 2023. According to DailyNewhungary , Gránit Bank was able to manage over 190,000 customer accounts last year and ended the year with a remarkable profit of 19 billion hoof (EUR 49.2 million). Tiborcz is not only active in the financial industry; Its portfolio includes countless real estate projects and investments in renewable energies and IT. In addition to these successes, however, the suspicion is suspected that his advancement by his family's close connections was favored to the government, which leads to a controversial discussion about power and influence in Hungary