On 2 July, ZAO Raiffeisenbank's Bashkortostan network bank celebrated a year of operations in the region.
Notwithstanding its youth, the Bashkortostan network bank has firmly occupied the position of one of the most reliable banking organisations in the Republic of Bashkortostan. This is confirmed by the network bank's financial results for 2008. Its cash balance increased from 573 million to 3.21 billion roubles in a year; remaining balances in retail clients' accounts climbed from 57 million to 174.5 million roubles in that period; the number of corporate clients rose to 130. The credit portfolio was at 2.256 billion roubles as of 1 July 2009.
The network bank's director, Anvar Ismagilov, noted, «Our network bank has a short history at the moment, but we are working and developing, and we have a lot of promise. I would like to note that among our competitive advantages are reliability, complexity of service, technological abilities and the quality of our employees' work. All these are Raiffeisenbank's most important ingredients for success on the Republic of Bashkortostan's banking services market. Today, this network bank has a serious reserve volume and is actively developing services for its clients. In addition, we are successfully incorporating into our work the strategically important and vital SFE project, which is oriented toward the attainment of excellent results and is capable of effectively reacting to all market changes in real time. Thanks to effective determination of client requests, it has allowed us to significantly increase the sales volume of the bank's retail products.
ZAO Raiffeisenbank's Bashkortostan network bank is part of the Urals Regional Centre. Currently, the Urals Regional Centre includes 13 offices that operate in Yekaterinburg, Chelyabinsk, Perm, Tyumen, Surgut, Ufa, and Izhevsk.
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.