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Cash withrdawals on credit cards of Raiffeisenbank now free

Starting 1 July, 2011 and up to 1 September, 2011 Raiffeisenbank offers its customers cash withdrawals on its credit cards free of charge (action «Get cash on your Raiffeisenbank credit cards at no extra charge»).

During the period of the offer, credit card holders of Raiffeisenbank can withdraw cash from the bank’s ATMs free of charge. In other ATMs the costs charged for cash withdrawal will be just 0.5% of the amount (but min. RUB 100).

«Statistically, at the height of the summer holiday season people tend to use their credit cards more actively. Everybody wants to feel comfortable and indulge themselves on a vacation, especially now that credit cards are easily affordable,» says Andrey Stepanenko, member of the management board of Raiffeisenbank, head of retail private individuals directorate. «That is why we are aiming to increase the functionality of our credit cards during peak vacation season.»

The offer is valid for credit cards issued in all Raiffeisenbank branches across Russia.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on Q1 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th 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 world’s financial centres and in Asia, the group’s 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 country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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