Business news from Ukraine

Business news from Ukraine

Raiffeisen opens fourth underground branch in Sumy

Raiffeisen Bank has opened its fourth underground service area in a shelter in Sumy.

“This is our contribution to ensuring that financial stability remains accessible even in the most difficult conditions,” Artem Nidzelsky, the bank’s retail banking director, was quoted as saying in a press release on Friday.

The underground branch is located in the seventh branch in Sumy at 1 Pokrovska Street.

This is the second such branch in Sumy. Earlier, similar branches of Raiffeisen Bank were opened in Kharkiv and Dnipro. Residents of Sumy can receive a full range of banking services.

According to the National Bank of Ukraine, at the beginning of the year, Raiffeisen Bank ranked 4th (UAH 238.9 billion) among 61 banks in the country in terms of total assets. The financial institution’s net profit as of that date amounted to UAH 222.3 billion.

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