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«Uralsky» Branch of ZAO Raiffeisenbank Austria — 2 years of operation in Ekaterinburg.

In March 2007 it was two years since Raiffeisenbank has started workingin Yekaterinburg. Throughout the whole period the Branch experiencedsustainable growth of all the key financial indicators. Thus, over the 2years of operation the Branch''s assets amounted to 10 billion rubles*,the corporate credit portfolio exceeded 8 billion rubles*, the volume ofarranged letters of credit and guarantees in foreign-trade transactionscurrently totals over 750 million rubles*, more than 12,000 individualcustomers use the services of the Branch.

Commenting on the branch''s performance Johann Jonach, CEO of ZAORaiffeisenbank Austria, said:"The main trends in the corporate segmentof business include increase of medium businesses in the creditportfolio of"Uralsky" Branch. Over the last 2 years favorable marketenvironment and the active position allowed the branch to outreach theexpected results."

"Uralsky" Branch continues to expand its presence in the retail market.The Branch''s portfolio of loans granted to individual customers as ofMarch 1, 2007, reached 1.6 billion rubles*. More than the half– 55% – of the credit portfolio is represented by car loans which is indicative of high demand for this product of Raiffeisenbank in the local market. 28% is mortgage loans and 16% is consumer loans.

Commenting on the Branch''s activities in retail banking VitalyMilovanov, Director of"Uralsky" Branch, underlined:"The success of theBranch in the retail segment is to a large extent due to the wideproduct line, attractive terms and quality servicing. In the field ofmortgage loans the Bank''s customers widely welcomed"Mortgage LoanSaturdays"– advice on mortgage on Saturday, and many of the applications submitted within this program have already been implemented. Customers have displayed great interest in the program of refinancing mortgage loans taken from other banks. Productive cooperation with car manufacturers promoted dynamic development of car loans. In order to develop long-term partnership relations special promo actions with a prize drawing were held for the employees of foreign brand car dealers."

In addition to the standard range of Raiffeisenbank''s products, thecustomers of"Uralsky” Branch can use the services of all the subsidiaries of Raiffeisen Group in Russia – Raiffeisen-Leasing, Raiffeisen NPF, Raiffeisen Capital.

Throughout its operation"Uralsky" Branch of ZAO Raiffeisenbank Austriain Ekaterinburg has been active in social and cultural life of theregion. In 2006 the Branch sponsored the concert of Vienna ChamberOrchestra of Johann Strauss in Yekaterinburg and financed the repairs ofthe playground of"Gnezdyshko" kindergarten.

For successful performance in the local market of banking services in2006 the Branch was awarded with Silver Medal at the 2nd Euro-AsianForum of Investments and Innovations.

ZAO Raiffeisenbank Austria is ranked 10th in terms of assets amongRussian largest banks based on 2006 results (Interfax-CEA). At present,the Bank has 24 branches in Moscow, 5 branches in Saint Petersburg andregional branches in Yekaterinburg, Samara, Novosibirsk, Chelyabinsk,Nizhny Novgorod, Krasnodar, Krasnoyarsk and Perm. In terms of thecorporate credit portfolio Raiffeisenbank ranks 9th based on 2006results (Interfax-CEA). Among the leading retail banks of Russia,Raiffeisenbank ranks 8th both in terms of private lending and privatedeposits based on 2006 results (Interfax-CEA).

ZAO Raiffeisenbank Austria is an affiliate of RaiffeisenInternazional Bank Holding AG (Raiffeisen Internazional), withsubsidiary banks and leasing companies in 16 CEE markets. The Bankserves 11.7 million customers at more than 2,775 business outlets, andalso has representative offices in Lithuania and Moldova. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank Osterreich AG (RZB), which owns 70 per cent of the commonstock. The remaining 30 per cent is free float; the shares are traded onthe Vienna Stock Exchange. RZB is a leading corporate and investmentbank in Austria and the central institution of the Austrian RaiffeisenBanking Group, the country''s largest banking organization.

* non-audited internal data of the bank


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