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Raiffeisenbank of Russia enhances the functionality of Raiffeisen CONNECT Internet bank

Raiffeisen CONNECT Internet bank now provides customers with the function of instant transfer of funds between bank cards issued by Raiffeisenbank.

The banks customers (both residents and non-residents) can make instant transfers via the Internet bank between rubles and foreign currency bank cards, debit and credit cards. Implementation of the full-scale instant money transfer service allows customers to manage their funds most efficiently on a real-time basis via remote service facilities.

Launching instant transfers in the Internet bank following implementation of instant money transfers via Raiffeisenbanks ATMs is the next step in achieving maximum convenience of our services for our customers. Thus, Raiffeisenbanks remote facilities have become more functional: money transfers are available both between debit cards and between foreign currency bank cards and credit cards as well; the service is also available for our non-resident customers, noted Andrey Stepanenko, member of the Board of ZAO Raiffeisenbank and Head of Retail Private Individuals Directorate.

Raiffeisen CONNECT Internet bank enables customers to perform different bank operations without visiting any bank branches. Raiffeisen CONNECT makes it possible to manage funds on ones accounts, perform currency exchange operations and money transfers, pay for mobile connection and Internet services, pay taxes, penalties and services rendered by state institutions, as well as make and replenish deposits.

For detailed information, please see ZAO Raiffeisenbanks official web-site.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 10th among the Russian banks in terms of assets, based on Q3 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 6th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) 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. 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. Around 60,000 employees service about 13.7 million customers through around 2,900 business outlets, the great majority of which are located in CEE. 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, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. 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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