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04.01.06

RZB with new presence in South-China.

Representative office opened in Zhuhai in the booming special economiczone of Guangdong. RZB is Austrias clear Number 1 in international banking.

Raiffeisen Zentralbank Oesterreich AG (RZB) strengthens its presence inthe largest global growth market. With the establishment of arepresentative office in Zhuhai in the booming special zone of Guangdongin the south of China, RZB underlines its position as the leadingAustrian bank in Asia. RZB is the only Austrian bank with operations inChina, also belonging to the small group of international banks with alicence to conduct business in the local currency Renminbi.

Guangdong ranks among the fastest growing regions worldwide with 15 percent GDP growth in 2004. Due to its superior geographic position,Zhuhai, a city of over a million inhabitants, is favoured by manymultinational corporations. Located within close distance to the citiesof Hong Kong and Macau, Zhuhai operates the only deep sea harbour in thePearl River delta.

RZB already serves numerous Austrian and international corporatecustomers in the region.With our presence in Zhuhai we will attend to our customers even better in this important market of the future, said Karl Sevelda, RZB Board Member for Corporate business. As in Eastern Europe we are also going ahead as pioneers in China. With the new representative office we are strengthening our bridge function between the two growth regions, added Herbert Stepic, RZB Board Member for International business.

The representative office will be headed by Mrs. Susanne Zhang-Pongratz.Born in the Austrian province of Styria, banking expert Zhang-Pongratzhas been working in the Chinese market for years offering idealqualifications to service Austrian, local as well as internationalcustomers.

RZB with more than 10 years presence in China

RZB, which counts Austria and Central and Eastern Europe (CEE) as itshome market, has been present in China for decades. Initially focused onthe international requirements of Austrian corporates, RZB has also beentargeting the local market and relationships of Chinese companies withbusiness partners in Austria and CEE since the late 1980`s. In 1995 RZBestablished its own operations in China now employing 53 people inBeijing branch.

Connecting link between CEE and China

As the connecting link between the growth markets in CEE and Asia especially in China and the established markets in Western Europe, RZB is in the position to provide its expertise at the two geographical ends of a transaction. In this bridge head position, RZB is not only leading in the area of trade finance, but is at the sametime preparing the ground for foreign direct investments in and from China.

Austrias number 1 in Asia

Apart from the branch in Beijing, RZB has been operating a branch inSingapore, the financial centre of South East Asia, since 1998. Inaddition to that, representative offices in Hong Kong, Mumbai, Tehran,Ho Chi Minh City, Seoul and now Zhuhai support the business. RZBunderlines its leading position in international business among Austrianbanks.

Raiffeisen Zentralbank Oesterreich AG (RZB) is the central institutionof the Austrian Raiffeisen Banking Group, the country''s most powerfulbanking group. It is a leading corporate and investment bank and alsoconsiders Central and Eastern Europe (CEE) as its home market. Vialisted subsidiary Raiffeisen International Bank-Holding AG (RaiffeisenInternational), it operates a leading banking network in CEE with 16subsidiary banks and numerous finance leasing companies. 9.2 millioncustomers are attended to through 2,400 business outlets.

Contact:

RZB Zhuhai Representative Office

Susanne ZHANG-PONGRATZ

Tel: 0086 (756) 2213075

e-mail:susanne.zhang@cn.rzb.at

For further information please contact Andreas Ecker-Nakamura (+43.1/71707-1753,andreas.ecker@rzb.at)or Lars D. Hofer (+43.1/717 07-1930,lars.hofer@ri.co.at).

http://www.rzb.at

 

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