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Raiffeisenbank of Russia extends mortgage lending offer

Raiffeisenbank extended the Golden Autumn mortgage offer that includes 0.5% lower interest rates.

Through October 31, the Banks clients can obtain a mortgage loan at a rate of 11.5%. Rates are reduced for all Raiffeisenbank mortgage programmes (housing purchase on the secondary market, purchase of real estate on the primary market (after title registration), purchase of real estate secured by an apartment owned by the borrower, refinancing).

Previously, the minimum mortgage loan rate was 12%.

This year Raiffeisenbanks pricing policy for mortgage lending changed only for the better. While the market tended toward higher interest rates, we reduced our rate in response to growing demand, said Anastasiya Peregrimova, Head of Raiffeisenbanks Mortgage Lending Development Division.

Details on Raiffeisenbank mortgage lending are available on the Raiffeisenbank web-site.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 9th among the Russian banks in terms of assets, based on H1 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. In total, around 61,300 employees service about 14.6 million customers through around 3,100 business outlets, the great majority of which are located in CEE (these figures include Polbank). 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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