[Russia] - Raiffeisen Touts Russia 'Expansion' in Job Ads Despite Intended Exit-- FEET

INSUBCONTINENT EXCLUSIVE:
Raiffeisen Bank, one of the last major Western lenders in Russia, has posted thousands of job recruitment ads this year indicating plans to
Raiffeisen continued to work on a potential transaction, a sale or a spin-off, which would result in the de-consolidation of Raiffeisenbank
anonymous Raiffeisen executive in Austria as saying.But filings cited by FT showed that Raiffeisen expanded its staff by 6.6% over two
years, from 9,327 employees in late 2021 to 9,942 as of December 2023.The Raiffeisen executive said the bank needed to keep its Russian
Treasury
It has since faced difficulties finding buyers
The Kremlin has imposed several restrictions on Western business exits in response to the mass corporate exodus triggered by the invasion of
Ukraine.