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Herbert Stepic awarded European Banker of the Year.

Herbert Stepic, CEO of Raiffeisen International Bank-Holding AG andDeputy Chairman of the Managing Board of Raiffeisen ZentralbankOsterreich AG (RZB), was elected"European Banker of the Year 2006".This was announced today by"The Group 20 + 1". He is the first Austrianbanker receiving this title, which has been issued since 1994."TheGroup of 20 + 1" is an association of leading economic and financejournalists based in Frankfurt am Main.

The decision of the jury was based on Mr. Stepic''s pioneer role inCentral and Eastern Europe during the last decades, the excellentpositioning of Raiffeisen in the region and the dynamic development ofRaiffeisen International since its going public in April 2005.

Inprevious years, the award– European Banker of the Year – was awarded for outstanding management performances to personalities of the European banking world such as Rijkman Groenink, Alessandro Profumo, the European Central Bank Council, as well as Sir Fred Goodwin. The award for the year 2005went to Peter A. Wuffli, President and Group Chief Executive Officer UBS AG.

By tradition, the award ceremonies in honor of the European Banker ofthe Year are held in Frankfurt/Main.

Note to the editors: A detailed explanation of the jury (in German) anda list of previous award recipients are attached to this release.

Printable pictures of Mr. Stepic can be downloaded at:

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Raiffeisen International operates one of the leading banking networks inCEE with subsidiary banks and leasing companies in 16 markets. More than12 million customers are attended to through more than 2,800 businessoutlets. Representative offices in Lithuania and Moldova complement theGroup''s presence in the region. Raiffeisen International is a fullyconsolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB),which owns 70 per cent of the common stock. The remaining 30 per cent isfree float, the shares are traded on the Vienna Stock Exchange. RZB is aleading corporate and investment bank in Austria and the centralinstitution of the Austrian Raiffeisen Banking Group, the country''slargest banking group.

For further information please contact Michael Palzer (+43-1-71707-1504, or Lars D. Hofer (+43-1-71 707-1930,,


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