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Raiffeisenbank sponsors the «It Is Time to Do Good» Charity Conference

On March 29, a charity conference under the slogan It Is Time to Do Good was held with the support of Raiffeisenbank. The conference was dedicated to Doctor Gaaz (Friedrich Joseph Haass) as well as to a special TV project  a series of TV programs about people who do charitable works in modern-day Russia.

Representatives of Russia's and Moscow's governments as well as international and religious organizations, the mass media, public figures and scholars took part in the event.

Raiffeisenbank is actively developing social responsibility campaigns, including those in the field of charity. Initiatives such as "It Is Time to Do Good" are undoubtedly worthy of our support, and we are the sponsoring organization for this event for the second time in a row, said the CEO of Raiffeisenbank, Johann Jonach.

The physician and philanthropist Friedrich Joseph Haass (Fyodor Petrovich Gaaz as Russians called him) (1780-1853) is known as the 'holy doctor'. From 1829 he worked in Moscow, became a member of the Moscow prison committee and remained the chief physician of Moscow's prisons for life.

Fyodor Gaaz dedicated his life to the alleviation of the suffering of prisoners and exiles. Twenty thousand citizens of Moscow followed him to his grave. The motto carved out in the gravestone at the Vvedenskoye Cemetery, where Fyodor Petrovich Gaaz was buried, was followed by him all of his life and reads: It Is Time to Do Good!

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 Europes 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 countrys largest banking group.


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