The Kubanskiy branch of ZAO«Raiffeisenbank Austria» took part in round table discussion arranged upon initiative of Krasnodar Krai Department of Pension Fund of the Russian Federation and related to implementation issues of Federal Laws 111-FZ of 24.07.2002"On Investment of Funds toFinance Accumulative Pension Component in the Russian Federation" and75-FZ of 07.05.1998"On Non-state Pension Funds" on the territory ofKrasnodar Krai.
The meeting discussion covered different aspects of the pension reform,peculiarities of civil rights implementation in part of pensioninsurance, pension accrual funds investment, as well as informationaland expository work arrangement within the frame of compulsory pensioninsurance. The round table discussion participants were represented withstatistic data on outcome of management companies and non-state pensionfunds choice made by insured persons provided for 4 years of the pensionreform in effect, and the performance of the leading pension insuranceplayers in Krasnodar Krai was summarized.
Valeriy Gaponov, Head of Retail Business in the Kubanskiy branch of ZAO«Raiffeisenbank Austria», delivered a report on participation of ZAO «Raiffeisenbank Austria» and its subsidiary – Non-state pension fund «Raiffeisen» - in the pension reform. «Our Bank plans to render transfer-agent services on part of Pension Fund of the RussianFederation in Kuban. We hope that before the year is out a respective agreement between the Kubanskiy branch of ZAO «Raiffeisenbank Austria» and Krasnodar Krai Department of Pension Fund of the Russian Federation, so that the citizens will be enabled to arrange a transfer oftheir accumulative labor pension component to NPF «Raiffeisen» in the Bank’s branch in Krasnodar».
Non-State Pension Fund«Raiffeisen» 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 107.5 mln and the Fund pension reserves volume exceeded RUR 214 mln.
The founder of NPF«Raiffeisen» 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.