In June 2006, in line with the integration project rolled out in JSCImpexbank joining the Raiffeisen International banking group RaiffeisenNPF signed agency agreement with JSC Impexbank. Following itsprovisions, JSC Impexbank will be selling individual pension plans ofNPF Raiffeisen consistent with the non-state pension programme.
Country Director and Chairman of Raiffeisenbank Johann Jonach said,“Signing this agreement is yet another step to ensure successful integration of our two banks. We use our experience and existing potential to propel the setting up and development of a universal bank with operation in the Russian market. At Raiffeisenbank, we are planningto offer our products, as well as products of management company Raiffeisen Capital and NPF Raiffeisen, through all Impexbank sales outlets.”
Chairman of the management board at Impexbank Pavel Lysenko commentedthat“our joint effort ensures that we offer up-to-date products and services to our customers, and also remain ahead of the market and enhancing competitive edge of Impexbank as a network bank of the Raiffeisen Group”.
Individual Pension Plan is a flexible system of non-state pensionprovisioning which enables the client to choose from a variety ofpension deposit payments of different amount, frequency, and duration.If interested in buying an Individual Pension Plan product and find outmore about the offer, please contact Impexbank offices LeninskiyProspekt 66, Prospekt Mira 70, outlet Na Tverskoy, and Kosmonavtov 4.
NPF Raiffeisen is a subsidiary of ZAO Raiffeisenbank Austria and one ofRussia’s leading open non-state pension funds. The fund implements non-state pension programmes for individuals and legal entities, and also offers pension preparation and payment services for mandatory pension programmes. Currently NPF Raiffeisen is servicing over 22,000 individual, and over 70 corporate customers.
ZAO Raiffeisenbank Austria focuses in equal measure on commercial-,retail- and investment-banking. It entered the Russian market in 1996,offering a wide range of services to both corporate and individualcustomers. ZAO Raiffeisenbank Austria is ranks eighth-largest bank byassets in Russia (based on 1Q06 results as reported by Interfax-CEA).
Impexbank is a full-service bank incorporated in 1993. It is one ofRussia’s 30 largest banks and a Top Ten retail bank and is a participant in the government’s deposit insurance program. Impexbank has an extensive sales network, including 45 full-service regional branches, 39 supplementary offices, 52 mini-offices, 348 retail loan outlets and over 400 ATM’s.
ZAO Raiffeisenbank Austria and JSC Impexbank are subsidiaries ofRaiffeisen International Bank-Holding AG, which operates one of theleading banking networks in the EU, with subsidiary banks and leasingcompanies in 16 markets. Ten million customers are serviced through over2700 business outlets. Raiffeisen International is a fully consolidatedsubsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB), which owns 70percent of the share capital. The remaining 30 percent of the shares aretraded on the Vienna Stock Exchange. RZB is a leading corporate andinvestment bank in Austria and CEE, and the central institution ofAustria’s Raiffeisen Banking Group, the country’s largest banking group.