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ZAO Raiffeisenbank launches «Summer interest rates» campaign for cash loans

ZAO Raiffeisenbank has launched a campaign for cash loans, «Summer interest rates,» under which all clients who apply and submit a full set of documents for consumer credit during the designated period can take advantage of this special offer. The bank is lowering its annual interest rates for Narodny Credit loans of 1-3 years to 17.5%, and Personal Credit loans of 1-3 years to 15% (official confirmation of income required) or 16% (unofficial confirmation of income required).

The offer is good from June 11 — August 31, 2008 in all regions with offices and branches of Raiffeisenbank.

Raiffeisenbank offers the two types of consumer loans: Narodny Credit of up to RUR 90 000 for 1-5 years, and Personal Credit of USD 3 600 or RUR 91 000, up to USD 25 000 or RUR 750 000, also for 1-5 years.

For information on the «Summer interest rates» campaign and other special offers of Raiffeisenbank please see the bank's site.

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 1Q 2008 results (Interfax-CEA). Raiffeisenbank is ranked 8th in terms of corporate lending based on 1Q 2008 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 1Q 2008 results.

Raiffeisen International operates one of the largest banking networks in CEE. 17 markets of Europe’s growth region are covered by subsidiary banks, finance leasing companies, a representative office and a number of other financial service providers. Over 14 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 country’s largest banking group.


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