ZAO Raiffeisenbank Austria is a Russian bank with foreign capital andnot a foreign bank’s branch based on the territory of the Russian Federation. Hence yesterday’s announcement of President Putin about a ban of foreign banks` branches on the territory of the Russian Federation does not refer in any form to ZAO Raiffeisenbank Austria.
ZAO Raiffeisenbank Austria was established in Russia in the year 1996and operates in full compliance with the Russian legislation and withall instructions and requirements of the Central Bank of the RussianFederation. In accordance with the Russian legislation ZAORaiffeisenbank Austria undertakes all necessary steps to prevent anyviolations of the Federal law about counteraction of criminally obtainedincomes’ legalization (money laundering) and to terrorism financing. Compliance control procedure have been performed by the Bank in accordance with shareholders` requirements even before the regulations of the Russian legislation and fully corresponds to international practice and recommendations of the banking supervision bodies.
General License of Bank of Russia # 3292.
ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International isa fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG(RZB), which owns 70 per cent of the common stock. The remaining 30 percent is free float including the shares of the International FinanceCorporation (IFC) and the European Bank for Reconstruction andDevelopment (EBRD). Raiffeisen International''s shares are traded on theVienna Stock Exchange. Raiffeisen International operates the leadingbanking network in CEE with 16 subsidiary banks and leasing companies in16 markets. 9.2 million customers are served via 2,400 businessoutlets.. RZB-Austria is the central institution of the AustrianRaiffeisen Banking Group, the country''s most powerful banking group.