Raiffeisenbank has provided Russian Post with a five-year loan in the amount of RUB 2.6 billion under the Russian Ministry of Finance's program of concessional lending for financing digital transformation projects in 2020-2024. The loan rate is less than 3% p.a., the bank informed.
AO Raiffeisenbank is a subsidiary company of Raiffeisen Bank International AG. Raiffeisen Bank International AG is leading corporate and investment bank in the financial markets of Austria, Central Europe and Eastern Europe. In Central and Eastern Europe, Raiffeisen Bank International is active in 13 markets providing a wide range of financial services, including leasing, asset management, and support for M&A deals. More than 47,000 employees serve 16.8 million customers in more than 2,000 divisions, most of which are located in Central and Eastern Europe. The shares of Raiffeisen Bank international AG are listed on the Vienna Stock Exchange.
Russian Post is the federal mail operator being one of Russia's strategic enterprises. The company has about 42,000 post offices and approximately 350,000 postal workers, one of the biggest workforces in Russia.