The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months. That's an average of $24,000 per employee.
— but one major Western bank just boosted staff pay at its Russian subsidiary.
Raiffeisen said the increase in staff costs was the"result of higher salaries and social security costs, provisions for one-off payments, and an increase in headcount." The bank's Russian subsidiary added 331 staff in the first half of the year, per the report.
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