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28.09.04

«Progress-Garant» Insurance Company included into the list of Raiffeisenbank’s accredited insurance companies for cars purchased on credit with Raiffeisenbank Austria, ZAO.

OJSCSK Progress Garant signed an agreement with Raiffeisenbank Austria, ZAO to insure vehicles purchased in dealerships through loan programmes of the Bank. To obtain a car loan in Raiffeisenbank one has to insure the following risks: Hijacking, Damage, the Borrower''s (car owner''s) third party liability insurance (OSAGO).

Progress-Garant Insurance Company, a part of Progress Insurance Group, has been working on the insurance market since 1994.Existing license enables the company to conduct operations of 74 insurance types.

Regional branches and additional offices ofProgress-Garant Insurance Company are located in 41 cities and towns of Russia.

Raiffeisenbank Austria, ZAO is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International,100 per cent owned by Raiffeisen Zentralbank Oesterreich AG (RZB), isthe holding company for RZBs most important subsidiaries in Central and Eastern Europe (CEE). RZB is the central institution of the Austrian Raiffeisen Banking Group, the country''s most powerful banking group. The Bank has been operating in Russia since 1996 and offers a full range of services to individual and corporate customers, residents and non-residents, in rouble and in foreign currencies.

 

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