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Raiffeisen has opened a new branch in Saint-Petersburg.

Today the ZAO RaiffeisenBank opened its 11th branch in Saint-Petersburg. It is located at 24 Kirochnaya street.

The Kirochnaya street branch offers a full list of banking services to private individuals (car loans, mortgages, consumer credit, banks cards, deposits, transfers, currency exchange, individual bank safes etc), as well as products from the national pension fund Raiffeisen and the management company Raiffeisen Capital.

The new branch of Raiffeisen has extended hours: from Monday to Friday from 09:00 to 20:00, and from Saturday from 10:00 to 17:00. Two bank machines operate 24 hours within the branch, one of which has a cash acceptance option.

The newly appointed director of the branch of Raiffeisenbank at Kirochnaya street is Ekaterina Melenteva.

Rodger Delus, the director of the regional center 'North-West', stressed the importance of this event; «The opening of new branches is part of the 2008 plan to strengthen the position of Raiffeisen on the Saint Petersburg market. By the end of the year we will open several branches for private individuals. The geographical location of the branches will enable our existing and future clients to obtain access to quality services close to their place of living and work.

Currently the 'Northern capital' division of the ZAO Raiffeisenbank is the largest division in the North-western region, with 11 branches in various regions of Saint-Petersburg and an operational office in Syktivkar.

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 1H 2008 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1H 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 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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