In June, the bank stopped opening new savings accounts. In spring, the European Central Bank demanded that Austria's Raiffeisen reduce its activity in Russia.
Raiffeisenbank will stop charging interest on savings accounts from July 1. Interest for June will be paid by the end of the month. The bank stopped opening new accounts from June 1. This was reported in the credit organization.
Bank clients will be able to dispose of funds on savings accounts as usual.
In Raiffeisenbank recommended investments for placing money, it is "Sure income" from MC "Raiffeisen Capital" and Income every day" from JSC "Raiffeisenbank".
Russian Raiffeisenbank will reduce the volume of lending on the order of the European Central Bank. RBI's loan portfolio must be reduced by 65% by 2026. But that means lending will stop completely.
Raiffeisenbank will stop charging interest on savings accounts
Raiffeisenbank will stop charging interest on savings accounts from July 1
The bank in Russia is a subsidiary of Austria's Raiffaisenbank. It cut business in the Russian Federation in the spring of 2022.
Earlier Raiffeisenbank stopped the transfer of dollars.
By the way, the remaining European banks in Russia paid more than 800 million euros in taxes in 2023