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Tyumen Region Governor Vladimir Yakushev holds working meeting with Sergey Monin, Chairman of the Managing Board of ZAO Raiffeisenbank

Tyumen Region Governor Vladimir Yakushev held a working meeting with Sergey Monin, Chairman of the Managing Board of ZAO Raiffeisenbank, and directors of the Banks Uralsky Regional Centre and Tyumen branch in Tyumen on Friday, April 20. During the meeting, participants discussed the banks results in the region over the past five years as well as prospects for future cooperation.

Sergey Monin highlighted growth in the Tyumen Regions investment potential, pointing out that the regions attractiveness for investment has long been an orienting point in development for both Russian and foreign investors, and stated the banks intention to participate in large projects being implemented in the Tyumen region. The bank already has a successful track record in construction financing, and participated in an overhaul of the Antipinsky oil refinery, one of regions top production facilities.

Housing construction may become another point of attraction for Raiffeisenbank. Meeting participants noted the rising rate of growth in construction in the region, and the bank sees significant opportunity in both bank financing for developers and mortgage lending.

Yakushev and Monin also discussed other social and infrastructure projects in which the bank may participate.

ZAO Raiffeisenbank
is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 10th among the Russian banks in terms of assets, based on Q1 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th 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 59,000 employees service about 13.8 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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