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22 Feb, 2025

Viktor Orbán’s Son-in-Law Reportedly Interested in Buying Raiffeisenbank in Russia

Foreign Business Business News

One of Hungary’s wealthiest individuals, István Tiborcz – the son-in-law of Hungarian Prime Minister Viktor Orbán – is reportedly interested in acquiring Raiffeisenbank, the Russian subsidiary of Austrian banking group Raiffeisen Bank International (RBI), according to Der Standard. Sources claim that Tiborcz is engaged in serious negotiations with RBI, involving representatives from the Russian Central Bank and the Presidential Administration of Russia. The report also names Hungarian OTP Bank – the parent company of Russia’s OTP Bank – as a potential party to the transaction.

However, OTP Bank has denied any involvement in the deal to acquire Raiffeisenbank. Tiborcz's representatives also denied any interest in purchasing the bank, stating that his company BDPST Group “has no business presence in Russia” and that the country “has never been a focus for the group’s investments.”

Source: https://www.rbc.ru/finances/22/02/2025/67b9db029a794710862aec4c

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