On February 22 Kuban Branch of ZAO Raiffeisenbank Austria acted as thegeneral partner in a series of closed VIP-parties"BMW Club Project” arranged by BMW official dealer in the South of Russia – BAKRA company. The event was held in the new entertainment center"Crystal Palace" andhosted the city''s elite interested in BMW novelties. A test-drive of BMWcars series 3 and 5 was arranged for the guests of the party whichculminated in awarding Khut Bachir Chatibovich, Director of OOO Bakra,with"Partner of the Year" diploma on behalf of Kuban Branch of ZAORaiffeisenbank Austria.
"This promo action was our first joint promo project with OOO Bakra,says Natalya Gribkova, Director of Kuban Branch of ZAO RaiffeisenbankAustria,"although we have been closely cooperating in car loans sincethe second half of the previous year. Bakra showroom sold a large shareof BMW cars on credit using special lending programs of Raiffeisenbankfor cars of series one, three, and five with the interest rate notexceeding 4.9% p.a. in USD.
"However, the efficiency of cooperation between Raiffeisenbank and cardealers," continues Natalya Gribkova,"is to a large extent due tocorporate programs on business development promotion. For instance, weare actively financing construction of new modern car centers andreplenishment of current assets of car dealers taking into account thereal needs of their business and the specific character of theirsettlement procedures with car manufacturers and distributors; we alsoprovide safe-keeping of certificates of title for vehicles".
ZAO Raiffeisenbank Austria is the tenth largest bank in Russia in termsof assets, as of the end of 2006 (CEA Interfax). At present, the Bankhas 24 branches in Moscow, 5 branches in Saint Petersburg and regionalbranches in Yekaterinburg, Samara, Novosibirsk, Chelyabinsk, NizhnyNovgorod, Krasnodar, Krasnoyarsk and Perm. In terms of the corporatecredit portfolio Raiffeisenbank ranks 9th based on 2006 results(Interfax-CEA) and ranks 8th both in terms of private lending andprivate deposits 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.