Raiffeisenbank announces the launch of its new credit card "Pokupki v plyus" (Shopping to your advantage) issed as VISA Classic, MasterCard Standard, VISA Gold and MasterCard Gold.
No annual service fee is due on the cards as long as the total of monthly card payments for VISA Classic or MasterCard Standard will be at least 8 thousand roubles throughout the year. Similarly, holders of VISA Gold and MasterCard Gold cards will have to spend monthly at least 25 thousand roubles.
Provided full repayment of the credit card balance before the end of the 50-day grace period, the use of the card will be completely free. Applications for "Pokupki v plyus" (Shopping to your advantage) credit cards are accepted starting 1 August, 2011.
"We launched this project a month ago in Saint-Petersburg and Novosibirsk," said Andrey Stepanenko, member of the management board of ZAO Raiffeisenbank in charge of retail private individuals directorate. "The customers were quick to appreciate the offer. The success prompted us to make the service available across the whole of the bank's network."
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on H1 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 7th with regard to consumer lending.
Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. Around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the group head office of the entire RZB Group, including RBI.