Rosbank says plans to cut 10-15pc staff this year
Dmitry Olyunin, Rosbank's chief executive, told journalists the planned job cuts would come as a result of reducing the bank's branch network, an expected contraction in demand for retail lending and reorganisation of the business structure.
An economic slowdown in Russia, deepened by Western sanctions over Ukraine and low oil prices, has hurt banks' profitability and loan quality.
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