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RBI to Shut Down Affiliates on Crimea
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Published: April 7, 2014; 10:59 ♦ (Vindobona)

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The Ukrainian affiliate of Raffeisen Bank International (RBI) is closing all its affiliate on Crimea until mid-April.

Until the middle of the months RBI will shut down all its affiliates on Crimea due to the political crisis between Ukraine and Russia. As reported by Reuters, a spokeswoman of the Austrian lender confirmed the plans of closing the remaining six branch shops on Crimea. Raiffeisen Bank Aval had run 32 affiliates on the peninsula in the past.
According to the spokeswoman of RBI, the…
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