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Russia’s Raiffeisenbank and Renaissance Construction signed a bank guarantee agreement

ZAO Raiffeisenbanks Severnaya Stolitsa branch and Renaissance Construction signed a bank guarantee agreement worth USD 130 million for 3 years. The guarantees will be used to implement the companys projects within Russia.

Raiffeisenbank is one of our key partners, said Ruslan Asgarov, Financial Director of Renaissance Construction. Our projects on commercial real estate construction, automobile manufacturing and the heavy and consumer goods industry were secured by bank guarantees .

We are glad to partner with one of the leaders in commercial and industrial construction not only in Russia, but also globally, said Alexander Konyshkov, Director of ZAO Raiffeisenbanks Severo-Zapadny Regional Centre. I would say that this deal is one of our largest in the North-Western region in the first half of 2013; however, not only is this deal crucial for us, but also long-term cooperation with Renaissance Construction.

Severnaya Stolitsa branch
is ZAO Raiffeisenbanks largest branch operating through 16 business outlets in different districts of St. Petersburg, operational cash offices in Kaliningrad, Cherepovets, Syktyvkar and Petrozavodsk. Severnaya Stolitsa is the largest branch of the ZAO Raiffeisenbank regional network and the largest among the branches of foreign-owned commercial banks in the North-Western Federal District (in terms of aggregate assets). The Severnaya Stolitsa branch now has 22 outlets. The ZAO Raiffeisenbank ATM network has about 215 units in St. Petersburg and the Leningrad Region, and 310 units in the whole North-Western Federal District. The Severnaya Stolitsa branch has a large customer base in St. Petersburg. The branchs corporate customers include communication, construction, polygraphic, food-manufacturing, transport and publishing companies. A significant share of the customer base belongs to foreign-owned companies. The current number of Severnaya Stolitsa corporate customers is over 5500 companies.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on 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 61,000 employees service about 14.1 million customers through around 3,100 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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