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24.11.06

Raiffeisenbank acted as one of the originators of a syndicated loan forCB LOCKO Bank.

November, the 3rd, 2006, LOCKO Bank signed an agreement on granting asyndicated loan amounting to US. $, 40 mio. Raiffeisen ZentralbankAustria AG (RZB) and ZAORaiffeisenbank Austria (RBA), as well as the Standard Bank Plc acted as loan originators.

The loan term is 1 year, the initial loan amount is US. $, 20 mio., theoversubscription amounted to 100 percent after 19 banks had made theiroffers, as a result the final sum of the loan amounted to US. $, 40 mio.The borrower made a decision to take the collected sum.

The loan raised by LOCKO Bank is aimed at financing clients foreign-trade operations.

Besides leading originators the syndicate includes 19 banks. Thefollowing banks act as co-originators: Anglo-Romanian Bank Limited, VTBBank (Deutschland) AG, as leading managers: National City Bank, VTB BankEurope Plc, Singapore Branch, as managers: VTB Bank (France) SA, FBNBank (UK) Ltd, GarantiBank International N.V, as participants: BRE BankSA, Eurasian Bank, JSC, London Forfaiting Company Ltd, Sampo Bank, Trade& Development Bank of Mongolia.

Loan information:

Borrower: Commercial bank"LOCKO Bank"

Loan amount: US. $,40 mio.

Type of financing: syndicated loan for trade financing

Loanterm: 364 days

Prolongation opportunity: 364 days, at the discretionof each Creditor

Repayment: lump sum upon the loan expiration date

Margin:265 b.p. per annum

ZAO"Raiffeisenbank Austria occupies the 8th position among Russias major banks in terms of the amount of assets according to the outcomes of the 2nd quarter of 2006 (The Center for Economic Analysis, Interfax). Nowadays, the Bank has 20 branches in Moscow, 5 branches in St. Petersburg, regional branches in Ekaterinburg, Samara, Novosibirsk, Chelyabinsk, Nizhny Novgorod, Krasnodar, Krasnoyarsk and Perm. Raiffeisenbank occupies the 9th position in terms of the amount of the corporate loan portfolio according to the outcomes of the 2nd quarter of 2006 (The Center for Economic Analysis, Interfax). In 2005-2006 ZAO Raiffeisenbank Austria acted as an originator of syndicated loans for Russian borrowers in the sphere of retail trade, fuel and energy sector, metallurgy, commercial real estate, telecommunications, and banking operations amounting to US. $, 4.2 bln.

ZAORaiffeisenbank Austria is an affiliate company of Raiffeisen International Bank Holding AG (Raiffeisen International); the Holding manages bank affiliates and affiliated leasing companies on 16 markets in Central and Eastern Europe. Over 2,700 branches render services to 11 mio. clients. Raiffeisen International is a completely consolidated affiliate company of Raiffeisen Zentralbank Austria AG (RZB) owning 70 percent of Holdings common capital stock, the remaining 30 percent are in free circulation and traded on the Vienna Stock Exchange. Being the lead bank of the Raiffeisen Group, the largest banking group of Austria, RZB is the leading corporate and investment bank and the leading bank of Austria.

 

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