Raiffeisenbank is lowering the size of the commission fee required for express money transfers in Russian roubles.
A single commission percentage rate now applies to retail (non-corporate) clients when they make a Bystraya Pochta™ express money transfer in roubles: the sender of the transfer pays 1.5% of the sum of the transfer, rounded up to the nearest whole number (minimum commission: 150 roubles; maximum: 2,500 roubles). The maximum sum that can be sent in a single express transfer is 500,000 roubles. A commission is not taken from the receiver of the funds.
In addition, from 2 through 30 June 2009 inclusive, Bystraya Pochta™ money transfers come with a special offer called Care Warms You. Every client who makes a money transfer of over 50,000 roubles during the promotion will receive an insulated mug as a gift.
Bystraya Pochta™ allows the transfer of money throughout the Russian Federation in roubles, as well as transfers between Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan, and Ukraine in US dollars and euro.
The offer is good at all Raiffeisenbank offices that offer the Bystraya Pochta™ service. A full list of these offices may be found on the bank's website under the heading Retail Clients — Money Transfers — Bystraya Pochta™ Money Transfers.
More detailed information on Bystraya Pochta™ money transfers can be found at www.bpochta.ru under the News heading.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 1Q 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 4th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1Q 2009 results.
Raiffeisen International operates one of the largest banking networks in CEE. 17 markets in Europe’s growth region are covered by subsidiary banks, leasing companies and a range of other financial service providers. The group's more than 62,000 employees service over 14.9 million customers via more than 3,200 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, the shares are listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.