Austria's Raiffeisen Bank is trimming its operations in Russia to save costs as a recession cuts into banking sector profits. Raiffeisen's Russian subsidiary said in a press release on March 25 it would close 15 offices in towns across Russia and stop granting or refinancing auto loans.
The Moscow Times: Austria’s Raiffeisen Bank to close 15 Russian branches
The Raiffeisen Bank facade of the Looshaus building is seen in Vienna on March 27, 2014.
