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26.12.06

NPF «Raiffeisen» services to be available in the Kubanskiy branch of ZAO «Raiffeisenbank Austria»

In December 2006 the Kubanskiy branch of ZAORaiffeisenbank Austria concluded an agreement on mutual authentication of signatures with the local department of Pension Fund of the Russian Federation, that will now allow the customers Krasnodar Krai residents to arrange a transfer of accumulative labor pension component to NPF Raiffeisen.

Signing of this agreement was a further step in promotion of NPF services, as well as in implementation of Raiffeisenbank general strategy in the regions: rendering of all affiliates services in all the branches. This is an unquestioned advantage for Raiffeisenbank customerswho will be able to use this service directly at the Bank location, - pointed out Natalia Gribkova, Director of the Kubanskiy branch of ZAO Raiffeisenbank Austria.

The Kubanskiy branch is located at: 311/1, Severnaya str., the city ofKrasnodar, and works Monday to Friday from 9am to 8 pm and on Saturdayfrom 10 am to 5 pm; the branch is equipped with ATM available onaround-the-clock basis.

Non-State Pension FundRaiffeisen is one of the fastest growing open non-state pension funds in Russia, running voluntary non-state pension programs for both individual and corporate clients. Furthermore, NPF Raiffeisen provides compulsory pension insurance and payment of cumulative part oflabor pension. As of today NPF Raiffeisen services over 23,000 private customers and over 80 corporate customers. Pension accruals volume transferred from Pension Fund of the Russian Federation to NPF Raiffeisen amounts to RUR 111 mln and the Fund pension reserves volumeexceeded RUR 260 mln.

The founder of NPFRaiffeisen is ZAO Raiffeisenbank Austria - a subsidiary of Raiffeisen International Bank-Holding AG (Raiffeisen International) that operates subsidiary banks and leasing companies in 16 markets in Central and Eastern Europe. 11.7 million customers are attended through more than 2,775 business outlets. Representative offices in Lithuania and Moldova complement the Group''s presence in the region. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 70 per cent of the common stock, the remaining 30 per cent is free float and the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country''s largest banking group.

 

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