Raiffeisen Bank International AG (WBAG:RBI) is in advanced negotiations to sell its 87.74% stake in Priorbank Open Joint Stock Company and its subsidiaries to Soven 1 Holding Limited, potentially resulting in a group-level loss as the bank aims to exit the Belarusian market. The German lender said that the expected impact on the group's common equity tier1 ratio--a key metric to measure a bank's financial strength--would be minimal. However, the transaction could cause a loss of about EUR 225 million ($240.9 million) on the RBI Group due to the difference in the purchase price and the book value of its equity in Priorbank.

At closing, the bank expects a further loss of EUR 450 million on the group's consolidated profit, it said.