The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months. That's an average of $24,000 per employee.Alexander Nemenov/AFP/Getty Images Raiffeisen Bank spent $220 million more in staff costs for the Russian market in the first half of 2023. The bump was due to higher salaries and social security costs, one-off payments, and increased headcount. The Austrian bank is the largest Western bank still operating in Russia.
The Biggest Western Bank Still Operating In Russia Gave Its Employees An Extra $220 Million Over The Last 6 Months. That's An Av
htan@insider.com (Huileng Tan), Business Insider
Wed, 08/02/2023 - 1:23am
Topics: alexander nemenov/afp/getty images the austrian companies austria's raiffeisen bank vienna-based financial times reuters australian johann strobl ft while new york times business insider western russia raiffeisen bank raiffeisen insider employees an extra million months that's an av gave its employees an extra million over the last months staff costs year market euros increase headcount options one-off profits sale reported businesses due security social salaries payments increased country higher largest spin-off working tuesday subsidiary lender complex exiting
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