Raiffeisenbank is running its «One Rate for Everybody» special offer on mortgages from March 10 to May 10, 2008. During this period, special lending terms apply to all borrowers subject to a bank-standard income certificate. If the bank decides in favor of the borrower the mortgage interest rate will be set equal to the rates applying to those customers whose income has been officially confirmed.
Roman Vorobiev, Member of the Board and Head of the Consumer Banking Directorate of ZAO Raiffeisenbank, stressed: «We believe that today it is crucial to fully meet all our customers' needs. By doing so, we demonstrate our serious intentions regarding our future development in the Russian market. Maintaining attractive mortgage terms for Russian nationals is among our top priorities. The product should remain available on a broad basis in Russia, and this offer provides good reason for many people to use Raiffeisenbank for their mortgage.»
Such mortgage promotions offered by Raiffeisenbank have been a success in the past. For instance, the bank's previous offer «Sometimes zero IS a lot! The bank fee is 0%» that ran from November 26, 2007 to February 15, 2008, offered fee-free loans.
You can find out more about Raiffeisenbank's «One Rate for Everybody» special offer on our official web-site.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned bank in Russia, ranking 7th in terms of assets among top Russian banks based on 2007 results (Interfax-CEA). Raiffeisenbank is ranked 7th in terms of corporate lending based on 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 2007 results.
Raiffeisen International operates one of the largest banking networks in CEE. 17 markets of Europe’s growth region are covered by subsidiary banks, finance leasing companies, a representative office 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 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.