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04.12.06

Non-State Pension Fund «Raiffeisen» to start operation in Chelyabinsk — compulsory pension insurance services available in the «Yuzhniy Ural» branch of ZAO «Raiffeisenbank Austria» .

Starting November 2006 the citizens of Chelyabinsk have a possibility toarrange a transfer of accumulative labor pension component to NPFRaiffeisen - the Yuzhniy Ural branch of ZAO Raiffeisenbank Austria concluded an agreement on mutual authentication of signatures with the local office of Pension Fund of the Russian Federation.

Elena Gorshkova, CEO of NPFRaiffeisen commented on the issue: We are glad that now, along with ZAO Raiffeisenbank Austria branches in Saint-Petersburg, Samara, Ekaterinburg and Novosibirsk, the branch of Raiffeisenbank in Chelyabinsk has a capability to offer the services of our Compulsory pension insurance fund to our customers. The regional presence expansion is primarily due to our wish to be closer to our customers. The maximum allowance for the Fund participants needs and wishes, state-of-the-art technologies and staff qualification are, in our opinion, a basis for a long-term cooperation.

TheYuzhniy Ural branch is located at: 38, Karl Marks str., the city of Chelyabinsk, and works Monday to Friday from 9am to 8 pm and on Saturday from 10 am to 5 pm; the branch is equipped with ATM available on around-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 107.5 mln and the Fund pension reserves volume exceeded RUR 214 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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