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29.01.07

Raiffeisenbank and IMPEXBANK in Russia increase capital.

Raiffeisenbanks capital now stands at 17,374 million rubles (506.3 million euros)*, IMPEXBANKs at 4,455 million rubles (129.8 million euros)*.

The Central Bank of the Russian Federation has registered an increase inthe charter capital of both ZAO Raiffeisenbank Austria and OAOIMPEXBANK, following a decision by the respective supervisory boards ofboth banks in 4Q 2006. After completion of all the necessary legal stepsand receipt of the Central Banks approval, Raiffeisenbanks authorized capital was increased by 10,040 million rubles (292.6 million euros) to 17,374 million rubles (506.3 million euros), while IMPEXBANKs capital was increased by 1,276 million rubles (37.2 million euros) to 4,455 million rubles(129.8 million euros). The increases were accomplished through issues of additional shares by both banks that were duly purchased by their shareholder Raiffeisen International Bank-Holding AG.

The increase of the charter capital should provide substantial supportfor the future growth and sustained development of both banks,especially in financing and the key area of retail banking. FollowingIMPEXBANKs acquisition by Raiffeisen International in 2006, the banks have successfully launched an integration process and increased their market growth rates compared to previous years, hence the need for additional capital.

Commenting on the move, Johann Jonach, Chairman of the Managing Board ofRaiffeisenbank, stated,"Raiffeisen Internationals decision to increase the charter capital underscores the importance of the Russian market for the group. Now that the integration process has begun, and given the groups plans for vigorous growth in Russia, the increase was a necessary and well-timed step."

Pavel Lysenko, Chairman of the Management Board of IMPEXBANK, added,"Anincrease in capital makes perfect sense for a fast-growing bank, and weare pleased that our shareholders provide us with this support. Theadditional capital should allow us to maintain the banks dynamic development, implement new financing projects, and increase our retail credit portfolio. It is also a very positive signal to our customers."

Raiffeisenbank is a universal bank with operations equally focused oncommercial, retail and investment banking activities. It startedoperations in Russia in 1996, offering a wide range of services tocompanies and private clients. According to CEA Interfax Raiffeisenbankis ranked 9th in terms of assets among Top Russian banks based on Q32006 results.

Established in 1993, IMPEXBANK is also a universal bank among the Top 30Russian Banks in terms of assets and equity as well as among the Top 10retail banks. IMPEXBANK is a participant of the State Deposit InsuranceSystem. The banks customers are serviced through 205 business outlets, about 400 points of consumer lending and also 500 ATMs.

* Exchange rate of the Central Bank of Russia for 29 January 2007: 1EURO = 34.3176 RUR

* * * * *

Raiffeisen International operates one of the leading banking networks inCEE with subsidiary banks and leasing companies in 16 markets. More than11.7 million customers are attended to through more than 2,775 businessoutlets. In eight markets, the respective Network Bank ranks among thethree largest local banks. Representative offices in Lithuania andMoldova complement the Group''s presence in the region. 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 group.

For further information please contact Michael Palzer (+43-1-71707-1504, michael.palzer@ri.co.at) or Lars D. Hofer (+43-1-71 707-1930,lars.hofer@ri.co.at).

http://www.ri.co.at, http://www.rzb.at

 

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