Posted 14 апреля 2023,, 15:00

Published 14 апреля 2023,, 15:00

Modified 14 апреля 2023,, 16:36

Updated 14 апреля 2023,, 16:36

Raiffeisenbank has started dismantling its signage in Moscow

Raiffeisenbank has started dismantling its signage in Moscow

14 апреля 2023, 15:00
The bank explained the decision by the need to maintain brand awareness.

"We have decided at this stage not to prolong the contracts for the placement of part of the roof structures", - the bank's press service commented to Forbes.

Earlier, a video of the dismantling of the bank's signage appeared on social networks.

Recall that at the end of March, the bank's parent structure, the Austrian Raiffeisen Bank International (RBI), announced the sale of its business in Russia. The Russian division of the bank will be withdrawn from the group. In addition, it is planned to reduce business activity in the country.

So, already in April, the bank announced the suspension of the connection of new packages of services for the salary project. The bank explained this decision by "market conditions".

At the same time, as the head of the group, Johann Strobl, said earlier, the bank intends to retain certain services in order to fulfill the conditions of the banking license.

Earlier, Reuters reported that the bank is under pressure from the European Central Bank due to the continuation of its work in Russia. The regulator does not require the credit institution to immediately wind down its business in Russia, but asks for a plan to stop working in this country. The inspection of the credit institution was also initiated earlier by the American Ministry of Finance.