The disclosure on the decision of the supervisory board to close Raiffeisenbank’s branches in Bryansk, Voronezh, Oriol, Stary Oskol, Yaroslavl, Ivanovo, Lipetsk, Tula, Belgorod, Kaliningrad and Kaluga was made on Raiffeisenbank’s official website on March 26, 2010.
This decision was made as part of the project implemented by the Bank to reorganise the regional network, and was announced in the Bank’s official release on October 14, 2009.
As a result of the reorganisation of the branches, a network of operational offices operating on a new technical platform will be established in these cities. The new network will improve the Bank’s operational and economic efficiency in the regions in which it is operating, whilst maintaining the high quality of the bank’s services.
There are no plans to change the addresses of the branches where customers are served as a result of the reorganisation of these branches. Customers will be serviced according to the existing schedule.
So far, the reorganisation project has been successfully implemented in many cities in which Raiffeisenbank is operating. Thanks to the new operational office format, the range of services provided, previously unavailable due to the IT platform at that time, is to be extended significantly. There is no longer a division of branches into type A and B.
In the course of the implementation of the project, a procedure is observed for notifying the Bank’s customers and counterparties through the publication of official notices in the mass media, through mailing notifications, and through individual notification via the Call Centre.
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 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 8th in consumer lending in Russia based on 2009 results.
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group's nearly 56,500 employees service around 15.1 million customers via more than 3,000 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, with the shares 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.