Banks are not all roses at the moment. In the spring, we had an unpleasant banking crisis here, when banks in the United States of America and in Europe failed. At the time, no one knew whether it would not also spill over into the Czech Republic and, according to some opinions, it was not far at all.
Something is wrong here
You might think that the domestic banks are in excellent condition, which they themselves constantly repeat to us. This is true in a way, but banking is a specific business that differs from, for example, an industrial company. It only really goes bankrupt when it has real problems and cannot, for example, meet its obligations.
However, in the case of a bank, panic can simply arise among its clients, who suddenly start withdrawing all their savings. And while you might think that a well-functioning bank must have the money to pay them out, you might be surprised to learn that realistically, no bank in the world can pay out all of its savers in a matter of hours or days. Realistically, they hold approximately twenty percent of all deposits in cash ready for withdrawal. If this limit is exceeded, the bank is likely to go bankrupt, even though it has the funds in its assets, they are just not immediately available.
That’s why it’s so important for banks to maintain a top-notch reputation so that they are not at risk in any way. Recently, however, Raiffeisenbank, which also operates in the Czech Republic, has not been able to do this. Financially, there is nothing wrong with this bank, quite the opposite. It generates record profits, which everyone should acknowledge.
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Fat earnings
But there is a problem with where he gets this money. The largest share of Raiffeisenbank’s profits is the Russian market, from which the bank has not left despite many challenges from all possible quarters even after a year and a half. Today, many are convinced that he has no intention of leaving.
However, the clients of Raiffeisenbank in the Czech Republic do not like this, as they do not want to have money with an institution that cooperates with Russia, for example in the sense that it pays considerable taxes there and finances the regime there. These are often very important or mobile clients, but also ordinary people.
Raiffeisenbank tries to balance and play the so-called “smart burner” in every possible way. On the one hand, she kind of promises that she might leave, but in reality she doesn’t take any steps towards that, on the other hand, she boasts of fantastic results. But being on Ukraine’s list of supporters of terrorism is really not nice.
Foto: Shutterstock
2023-09-12 19:09:14
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