Raiffeisenbank to close branches in several Russian cities
CHELYABINSK. Sept 9 (Interfax) - The Raiffeisenbank supervisory board has decided to close four branches in various regions of Russia.
The bank said in a statement that it will close its branches in Chelyabinsk and Perm in November-December and branches in Nizhny Novgorod and Krasnoyarsk in December-January.
Raiffeisenbank is wholly owned by Austrian banking group Raiffeisen International.
Raiffeisenbank was Russia's ninth largest bank by assets in the first half of 2009, according to the Interfax-100 ranking of the country's biggest lending institutions, compiled by the Interfax Center for Economic Analysis.