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Article

1 Oct 2025

Author:
Reuters

UniCredit's subsidiary stops taking on new corporate clients & increases service fees, continuing attempt to exit Russia following pressure from ECB

UniCredit's Russian business stops taking on corporate clients, raises fees, 1 October 2025

The Russian subsidiary of Italian bank UniCredit has stopped taking on new corporate clients and is raising service fees across its business, according to new tariff plans posted on the bank's website.

UniCredit is continuing its attempts to leave Russia, under pressure from the European Central Bank, which has demanded the group accelerate the winding down of its business in the country including limiting deposits and transactions...

"The bank is establishing a gradual change in the monthly fee for tariff plans... with a phased approach to the implementation of these changes in order to give clients time to make operational decisions," the lender said...

For individuals, UniCredit had previously suspended credit card reissues and outgoing transfers in U.S. dollars...