ZAO Raiffeisenbank’s Supervisory Board decided to close down a number of the company’s offices. For one, this means the bank’s branches in Surgut and Zlatoust will stop operating between the third quarter of 2010 and the first quarter of 2011.

The bank explains the decision was taken with the wish to enhance their regional network’s efficiency in mind; the company also wants to expand the range of services offered in its provincial representations.