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01.02.07

ZAO Raiffeisenbank Austria opened a universal lending and cash office inUfa.

Official presentation of the universal lending and cash office"Bashkortostan" (LCO) ZAO Raiffeisenbank Austria was held in Ufa.

The presentation dedicated to the opening of the LCO was attended byemployees of"Uralsky" branch, Ufa office and the Bank’s partners. The guests were introduced to the main credit products of Raiffeisenbank and to the customer handling procedures.

At present the lending and cash office of Raiffeisenbank provides carloans and is planning to provide loans for property acquisition. Theoffice is located at: Ufa, Oktyabrya Avenue 132/3, suite 107; workinghours: Mo-Fr 09.00-18.00, lunch break: 13.00-14.00.

"The opening of the lending and cash office in Ufa has become the firstpractical step of Raiffeisenbank towards the expansion of its presencein the region which will surely allow us to further strengthen ourposition in the market", says Vitaly Milovanov, Director of"Uralsky"branch ZAO Raiffeisenbank Austria."It is important for us toacknowledge that in this way we can provide our customers with a moreconvenient and quicker access to the main bank products".

ZAO Raiffeisenbank Austria is ranked 9th in terms of assets amongRussian banks based on Q3/2006 results (Interfax-CEA). At present, theBank has 21 branches in Moscow, 5 branches in Saint Petersburg andregional branches in Yekaterinburg, Samara, Novosibirsk, Chelyabinsk,Nizhny Novgorod, Krasnodar, Krasnoyarsk and Perm. In terms of thecorporate credit portfolio Raiffeisenbank ranks 9th based on Q3/2006results (Interfax-CEA). Among the leading retail banks of Russia,Raiffeisenbank ranks 8th both in terms of private lending and privatedeposits based on Q3/2006 results (Interfax-CEA).

ZAO Raiffeisenbank Austria is an affiliate of RaiffeisenInternazional Bank Holding AG (Raiffeisen Internazional), withsubsidiary banks and leasing companies in 16 CEE markets. The Bankserves 11.7 million customers at more than 2,775 business outlets, andalso has representative offices in Lithuania and Moldova. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank Osterreich 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 organization.

 

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