Austria's Raiffeisen Bank replaces 'misleading' Russia job ads touting its growth plans in the country ( www.barrons.com )

Cross posted from: https://feddit.de/post/11225190

Austria's Raiffeisen Bank said on Tuesday that it was replacing job ads that contained "misleading wording" implying the bank was expanding its operations in Russia after the Financial Times said it had found dozens of posting for Russia-based jobs, touting its growth plans in the country.

One of the job postings said the bank was "looking for a client manager who will attract clients," the paper reported.

Raiffeisen Bank International said in its annual report for 2023 that it had made 2.4 billion euros in net profits. It paid 464 million euros in income tax in Russia.

Raiffeisenbank has been in Russia since 1996 and employs more than 9,000 people there.

The bank has vowed to reduce its business in Russia following Moscow's invasion of Ukraine in 2022 but has so far not sold or spun off its Russian unit.

Last year, a Czech rights group filed a criminal complaint against the bank's Czech and Austrian units, claiming the bank is financing terrorism with its activities in Russia.

The Financial Times article is behind a paywall here.