Raiffeisenbank explained the removal of signs in Moscow
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Raiffeisenbank commented on the removal of a number of its signs from the roofs of Moscow buildings. The credit institution explained that this is necessary in connection with the current needs to support bank brand recognition.
“Based on the current needs to support the bank’s brand recognition, we have decided at this stage not to renew contracts for the placement of part of the roof structures,” explained “RIA News” in the press service of the bank.
Today, April 14, Telegram channel “Caution, Moscow” published a video filmed near the building on the Kaluga Square of the capital, where the Raiffeisenbank sign was dismantled.
Raiffeisenbank is the Russian division of the Austrian Raiffeisen Bank International (RBI). March 30 RBI informed about the intention to sell or spin off your business in Russia. The bank promised to cut business activity in Russia. This process will be expressed in the reduction of the total volume of transactions in foreign currency by Raiffeisenbank, as well as in the slowdown in the rate of issuance of loans.
More details – in the material “Kommersant” “Raiffeisenbank is looking for a way out.”
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