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15.03.07

«Yuzhny Ural» Branch of ZAO Raiffeisenbank Austria has become atransfer-agent for the Pension Fund of Russia.

In March, 2007"Yuzhny Ural" Branch of ZAO Raiffeisenbank Austria signedan Agreement on Mutual Authentication of Signatures and became atransfer-agent for Russia’s Pension Fund.

The Agreement signed enables"Yuzhny Ural" Branch of ZAO RaiffeisenbankAustria to certify the applications of insured individuals to chooseinvestment portfolio (of a managing company) and to switch from thePension Fund of Russia to a non-state pension fund which performsmandatory retirement insurance as an insurance company. The Branch isauthorized to accept applications from insured individuals to switchfrom a non-state pension fund, which performs mandatory retirementinsurance as an insurance company, to the Pension Fund of Russia as wellas to switch from one non-state pension fund to another non-statepension fund. Under this agreement the Branch of Raiffeisenbank inChelyabinsk can identify the insured person, verify the authenticity ofhis personal signature on the application and forward the application tothe Fund by e-mail.

Shurkhat Sobirov, Director of"Yuzhny Ural" Branch of ZAO RaiffeisenbankAustria, noted:"Raiffeisenbank pays special attention to thedevelopment of investment projects, particularly in the sphere ofmandatory and non-state retirement insurance. It''s important for us thatChelyabinsk Branch is a solid link in Raiffeisen network that provides afull range of banking products and services of all the Bank''ssubsidiaries".

"Yuzhny Ural" Branch of ZAO Raiffeisenbank Austria is located at thefollowing address: Chelyabinsk, ul. Karla Marksa 38. The Branch works onMonday to Friday from 9 am to 8 pm as well as on Saturday from 10 am to5 pm.

Non-State Pension Fund Raiffeisenis among the mostlydynamically developing mutual non-state pension funds in Russia,offering programs of non-state pension provision for corporate andindividual clients. Furthermore, NPF Raiffeisen participates in theformation and payment of the cumulative part of labor pensions undermandatory pension insurance. At present NPF Raiffeisen serves over 23200 individual customers and over 80 corporate clients.

Raiffeisen Pension Fund was set up by ZAO Raiffeisenbank Austria, anaffiliate of Raiffeisen Internazional Bank Holding AG (RaiffeisenInternazional), with subsidiary banks and leasing companies in 16 CEEmarkets. The Bank serves 11.7 million customers at more than 2,775business outlets, and also has representative offices in Lithuania andMoldova. Raiffeisen International is a fully consolidated subsidiary ofRaiffeisen Zentralbank Osterreich AG (RZB), which owns 70 per cent ofthe common stock. The remaining 30 per cent is free float; the sharesare traded on the Vienna Stock Exchange. RZB is a leading corporate andinvestment bank in Austria and the central institution of the AustrianRaiffeisen Banking Group, the country''s largest banking organization.

 

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