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15.11.12

Raiffeisenbank of Russia raises rouble deposit rates

Raiffeisenbank announced that it is raising deposit rates.

The rates on most rouble deposits are being increased by 0.1-1.2%, depending upon the type of deposit and term. The rates on one-month USD deposits are also being raised by 0.1-0.6% on average.

According to our market research, about 80% of customers with medium to high incomes save money, and the rouble is the most popular deposit currency. Raiffeisenbank customers prefer accounts with options to deposit and partially withdraw funds with terms of one year or more. They will be particularly interested in our new Freedom of Action rouble deposit account, because the rates for 1-2 year deposits are being increased by 1%, said Alexey Kapustin, Head of Retail Products and Customer Relations at Raiffeisenbank.

The rates on most Euro and USD deposit accounts are being reduced.

You may find the new deposit rates and terms on Raiffeisenbanks official Web site.


ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on Q3 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) 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. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. In total, around 61,300 employees service about 14.6 million customers through around 3,100 business outlets, the great majority of which are located in CEE (these figures include Polbank). 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, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.

 

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