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Company Response

21 Mar 2022

Author:
Raiffeisen bank

Raiffeisen bank response

...RBI complies with all applicable sanction regimes and is respectively regulatory compliant. Our Code of Conduct is also closely followed by all risk management activities...

Immediate actions are taken to support the safety, health, and security of Ukrainian employees:

  • Daily contacting of employees and reporting in terms of connectivity and location, and ongoing organization of evacuation means from endangered areas
  • Financial support: Early payout of the February salary, plus salary advance, plus early payout of annual 2021 bonus; in addition, different types of hardship allowances are allocated
  • Leveraging on RBI Group network, numerous initiatives of Raiffeisen banks in neighboring countries to host Ukrainian employees, providing housing, child support, workspaces, etc...

Raiffeisenbank Russia’s leadership team and foremost HR is in continuous contact with the employees in Russia to monitor the situation as well as day-to-day basis discussion with RBI Headoffice. The awareness of the impact on personal and community level on employees is existing and the readiness for finding fitting solution options together is strong...

Please note that RBI and all our subsidiary banks continue to operate in compliance with local and international sanctions laws, changing financial market requirements, and in line with our Code of Conduct. Our subsidiary banks are self-funded, well-capitalized, and have insignificant cross-border exposure to Russia. We have a duty of care to our employees and our customers. Across the RBI group, we are doing everything we can to support them and the humanitarian effort.

Timeline