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Raiffeisenbank of Russia is extending the capabilities of its Internet Banking system Raiffeisen CONNECT

Raiffeisenbank has simplified the processing of money orders via its Internet banking system Raiffeisen CONNECT.

Customers can now quickly make payments to the Yandex payment system, the Russian Aid Fund (Kommersant PH), the Insurance Company Raiffeisen Life, and the private pension fund Raiffeisen.

To make a payment through Raiffeisen CONNECT you just need to indicate the payment amount and destination, and the remaining details will be downloaded automatically. There is no charge for processing these payments.

«Raiffeisenbank is working to ensure that the majority of banking transactions can be performed through the Internet bank Raiffeisen CONNECT, without the customer having to visit to his or her branch. We are constantly increasing the amount of functions and range of options of our Internet service, particularly those which are popular and in demand such as online payments,» said Andrey Stepanenko, member of the board of Raiffeisenbank, and the Head of the Consumer Banking Directorate.

The Internet bank Raiffeisen CONNECT enables customers to perform various banking transactions without having to go to the branch. With Raiffeisen CONNECT customers can manage their account funds, exchange money, make payments and transfers, pay for mobile and Internet services, utilities, taxes, fines and public services, manage and pay into deposit accounts.

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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