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21.05.07

The volume of Raiffeisenbank’s acquiring operations exceeds 500 mln roubles per month.

In April 2007 the money turnover on acquiring* in ZAO RaiffeisenbankAustria exceeded the benchmark of 500 mln roubles per month. Thisindicator outruns last year’s result for the same period by 3 times (as of end April 2006 the volume of transactions was 134 mln roubles per month).

“Achievement of such a result is very important to Raiffeisenbank. The rapid growth of the terminal network and a significant increase in the volume of acquiring operations proves the successful partnership relationships between the Bank and retail networks,” – noted RomanVorobiev, Head of Consumer Banking Directorate of ZAO Raiffeisenbank Austria.

ZAO Raiffeisenbank Austria cooperates with large and medium companies indifferent areas: retail sales, including sales of household appliances,products for construction and home, foodstuffs; universal stores;fitness clubs; boutiques; tourist companies; autodealers andautoservices; fuel companies; companies arranging exhibitions, etc.Raiffeisenbank offers acquiring services in all areas of the Bank’s presence, its servicing network counts up to 1,500 sales outlets.

ZAO Raiffeisenbank Austria and OAO Impexbank are subsidiaries ofRaiffeisen International Bank-Holding AG. Together they form the largestforeign-owned banking group in Russia, ranking 6th in terms of assetsamong top Russian banks based on Q1 2007 results (Interfax-CEA).According to Interfax-CEA, Raiffeisenbank and Impexbank together ranked4th in Russia in terms of consumer deposit volumes and 5th in consumerlending in Russia based on Q1 2007.

ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG, which operates one of the leading banking networks inCEE. 18 markets are covered by subsidiary banks, finance leasingcompanies and two representative offices. More than 12.4 millioncustomers are attended to through 2,890 business outlets. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank ?sterreich AG (RZB), which owns 70 per cent of the commonstock. The remaining 30 per cent is free float; the shares are traded onthe Vienna Stock Exchange. RZB is a leading corporate and investmentbank in Austria and the central institution of the Austrian RaiffeisenBanking Group, the country''s largest banking group.

* Acquiring– arrangement of acceptance of bank cards at trade points

 

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