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Russia’s Raiffeisenbank announces competition for projects to support the elderly

ZAO Raiffeisenbank and the Samarskaya Guberniya regional charitable fund announced an open competition for socially important educational projects for the elderly, or Silver Age.

At the beginning of 2013, Raiffeisenbank conducted a survey to determine the demand for charitable programmes for the elderly. In this catetory, programmes for resocialising the elderly and involving them in social life were the most in demand.

The Silver Age competition is intended to projects carried out by non-commercial organisations and aimed at developing educational programmes for the elderly. Topical priorities include computer, financial and legal literacy, psychology and pedagogy, culture, art and professional training.

An expert council of specialists in fields related to the issues of senior citizens will choose winners.

Raiffeisenbank has always tried to help the most vulnerable people  those who really need our support. According to our new policy on philanthropy, going forward we will focus on helping senior citizens living alone. Im sure that such an innovative method  organising an open competition for grants  will enable us to determine best practices and meet the most-motivated partners to help us support the elderly all over the country, said Sergey Monin, Chairman of the Management Board of ZAO Raiffeisenbank.

The competition will start on International Senior Citizens Day  October 1, and will last through November 9, 2013 in all of the Russian cities where Raiffeisenbank is present.

For more details about the competition, please visit ZAO Raiffeisenbanks Web site.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on H1 2013 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, more than 59,000 employees serve some 14.2 million customers through more than 3,000 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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