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Kamila Makhmudova has been appointed Financial Director of Raiffeisen Bank International

Kamila Makhmudova will take the position of CFO at one of the largest banks in Austria from January 1, 2026. The appointment will take effect after approval by regulators.

Who is Kamila Makhmudova?

  • She graduated from the University of World Economy and Diplomacy in Uzbekistan in 1997.
  • She also studied at Illinois College (USA), Vienna University of Economics and Business, Carlson School of Management (USA), and Harvard Business School.
  • Worked in the State Property Management Committee (1999-2001), consultant at the IFC (2001-2007).
  • At RBI since 2007 — started at M&A, then headed corporate development and strategic management.
  • Since the end of 2021, he has been the CFO of the Czech branch of Raiffeisenbank.

Context

Kamila Makhmudova’s appointment coincided with increasing pressure on Raiffeisen Bank International due to its activities in Russia following the start of hostilities in Ukraine. The bank stated its intention to gradually reduce its presence in the country.

When I saw how the bank helps people – someone takes out a loan for a car and opens a taxi, someone takes out a refrigerator and opens a shop, and someone builds a factory — I understood what an impact banking can have, — she said in an interview with Austrian media.

About bank

Raiffeisen Bank International is one of the largest financial institutions in Austria, operating in 11 markets in Central and Eastern Europe. Serves more than 18 million clients. Assets as of June 2025 — €204 billion. The headquarters is located in Vienna.

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