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Raiffeisenbank of Russia conducts a «closed sale»

From the 14th and up to the 15th of April, Raiffeisenbank is conducting a closed sale of credit cards in a number of Moscow branches.

During this action, the bank is offering to open a credit card with a reduced interest rate of 19.5%. For Visa Classic and MasterCard Standard cards, the first year of service will be free, and for Visa/MasterCard Gold cards the annual service fee is reduced to RUR 900.

I hope that this reduced-price card offer will make the use of Raiffeisenbanks credit cards even more advantageous for the card holders, says Andrey Stepanenko, member of the board of ZAO Raiffeisenbank, head of retail private individuals directorate. On this occasion, the sale only takes place in selected Moscow branches; we are planning to extend the offer to other branches soon.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on 2010 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 6th in terms of private deposits and 8th with regard to consumer lending.

Raiffeisen Bank International AG regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. Around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, which is listed on the Vienna Stock Exchange; the remainder is in free float. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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