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ZAO Raiffeisenbank wins the Big Money award as Retail Bank of the Year

In Moscow at the annual Banker's Day ceremony, founded by Itogi magazine and the Fitch Ratings agency, Big Money awards were presented for professional achievements in finance. Raiffeisenbank was the winner in the Retail Bank of the Year category. Roman Vorobiev, Member of the Board, Head of Consumer Banking Directorate, accepted the award on behalf of Raiffeisenbank.

This was the fourth annual Banker's Day ceremony held by Itogi magazine and Fitch Ratings, in cooperation with the Russian Union of Manufacturers and Entrepreneurs. The winners of the ceremony were determined using questionnaires submitted by the heads of more than 80 Russian financial institutions.

«For us, award is not only a fine achievement, but also a confirmation of our leading position in the retail segment. Now that the legal merger of Raiffeisenbank and Impexbank is completed, we are setting increasingly ambitious goals — to become the best bank in the segment,» said Roman Vorobiev.

Banker's Day was attended by Russian Finance Minister Alexei Kudrin; First Deputy Chairman of the Central Bank of Russia Alexei Ulyukaev; President of the Russian Union of Manufacturers and Entrepreneurs Alexei Shokhin; and representatives of various ministries and agencies.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned banking group in Russia, ranking 7th in terms of assets among top Russian banks based on Q3 2007 results (Interfax-CEA). Raiffeisenbank is ranked 7th in terms of corporate lending based on Q3 2007 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 Q3 2007.

Raiffeisen International Bank-Holding AG (Raiffeisen International) operates the largest banking network in CEE. 18 markets of Europe’s growth region are covered by subsidiary banks, finance leasing companies, two representative offices and a number of other financial service providers. Over 13 million customers are attended to through more than 3,000 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 68.5 per cent of the common stock. The balance per cent is free float, the shares are traded 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.


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