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Raiffeisenbank offers a self-collection service to corporate customers

Raiffeisenbank has offered an automatic deposit machine (ADM) to medium and large businesses designed for self-cash collection. The ADM is available all round the clock, which makes it possible for the customer to deposit revenues and plan the cash collection time independently.

When using the ADM, the cash collection procedure is very simple. Cash is placed in the device, and the machine makes an automatic count and checks the notes for authenticity. The revenue deposited with the ADM is credited to the customer’s bank account in a real-time mode.

The Bank remotely monitors the fill rate of the ADM, which makes it possible to draft an optimal collection schedule for the customer.

«Despite the growing popularity of electronic payments, the volume of cash turnover continues to rise,» -says Ekaterina Pavlova, Head of Raiffeisenbank’s corporate non-credit products division. «Therefore, the optimisation of cash processing is still important for our customers. Due to online crediting of revenues, the customer is able to improve the efficiency of using its working funds. Besides, compared to traditional cash collection, the ADM allows to improve the safety of cash collection, and reduce the Bank’s costs of preparation of accompanying documents.»

To install the automatic deposit machine on its territory, the customer only has to open a current account and sign an agreement with Raiffeisenbank. The machine may be installed in a small room, which makes it possible for the customer to reduce the number of safe rooms for keeping cash.

AO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 14th among the Russian banks in terms of assets, based on 2016 results (Interfax-CEA). According to the same Interfax-CEA data, AO Raiffeisenbank ranked 10th in terms of liabilities of individuals and 7th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 14 markets.

In total, more than 50,000 employees service 16.6 million customers through around 2,500 business outlets, thereof a majority in CEE. Since 2005, RBI’s shares have been listed on the Vienna Stock Exchange.

After the merger of RBI and its former majority owner Raiffeisen Zentralbank Österreich AG (RZB) in March 2017, the combined institute operates — as previously RBI — under the name Raiffeisen Bank International AG. RBI took over all rights, obligations and duties of the transferring company RZB.


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