Raiffeisenbank Supervisory Board’s recent meeting resulted in the decision to close down a number of the bank’s regional subsidiaries.

For one, the bank’s Kamskiy branch in Perm and Chelyabinskiy branch in Chelyabinsk will be closed in November and December 2009, while Nizhegorodskiy branch in Nizhniy Novgorod and Yeniseyskiy branch in Krasnoyarsk will stop working for the months of December and January.