You're reading: Financial Times: Austrian banks consider how to contain Ukraine conflict fallout

In January, Karl Sevelda, chief executive of Raiffeisen Bank International, was on a tour promoting the bank’s planned €2.8bn capital-raising to international investors. “If you had said to me then that three months later Ukraine would be teetering on the edge of war, I would have said you were dreaming,” he says. “I have the feeling that both sides have almost stumbled into this conflict.”

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