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«Yuzhny Ural» Branch of ZAO Raiffeisenbank Austria celebrates its firstanniversary in the regional market.

On March 2, 2007, it will be a year since the opening of Raiffeisenbankbranch in Chelyabinsk. Right from the start of its activities"YuzhnyUral" Branch offered a full range of banking services to corporate andindividual customers. In addition to standard banking products, thecustomers of the branch could also enjoy financial services of all thecompanies of Raiffeisen Group in Russia– Raiffeisen-Leasing, NPF Raiffeisen and Raiffeisen Capital.

Over a year of its operation"Yuzhny Ural" Branch successfullyaccomplished all the objectives, showed dynamic financial performancegrowth in all the business segments and became a recognized player inthe local market of financial services. At the end of February, 2007,the Branch''s total credit portfolio reached 4.5 billion rubles.*

Likewise other cities with Bank''s presence, Chelyabinsk has been chosenas a suitable place for setting up a branch to a great extent due to itsstable economic performance and constant high demand for bankingservices among corporate and individual customers. One of the chiefsuccess factors of the branch’s development strategy lies in a meticulous approach to adaptation of the Bank''s existing products to the needs of the local market and its consumers. Within a year of operation in Chelyabinsk the Branch formed an impressive client base."YuzhnyUral" Branch acts as an arranger of trade financing for regionalindustrial enterprises and cooperates with major corporate clients inthe filed of real-estate construction financing. Financing theconstruction of the highest building in South Ural– a 22-storied A-class business center – became one of the most significant projects implemented by the Branch in this sector. The amount of funds invested into the project totaled 1.2 billion rubles. A number of other transactions in the sphere of project financing totaling over 2 billion rubles are currently underway.

Medium business crediting is a strategically important segment ofRaiffeisenbank''s activity within the framework of service management andfinancing of corporate clients. The Bank''s regional branches are makingan appreciable contribution to the development of this sector. Themedium-business credit portfolio of"Yuzhny Ural" Branch exceeded 1.2billion rubles*, which catapulted Chelyabinsk to a leading positionamong Raiffeisenbank''s regional branches in this segment.

During its presence in the region"Yuzhny Ural" achieved excellentresults in terms of the amount of loans grated to individuals. Today theportfolio of loans granted to individual clients exceeds 800 millionrubles*.

Sustainable growth tendencies were characteristic of all the Bank''scredit products. A large share of the Branch''s credit portfolio isformed by mortgaging: thus, at the end of February, 2007, the mortgageloan portfolio exceeded 270 million rubles*. The enormous popularity ofthis type of loans was driven by the introduction of a new service:individual consulting on the Bank''s mortgaging programs held on weekendsunder the title"Mortgage Saturdays."

Within the framework of the car loan program"Yuzhny Ural" Branchestablished partner relations with all the major car dealers inChelyabinsk and Chelyabinsk region. The Branch''s car loan portfolioreached 400 million rubles*.

Over the year of its operation"Yuzhny Ural" Branch proved itself to bean active participant of both business and socio-cultural life of theregion. Thus, the Branch became the general sponsor of the concert givenby Vienna Chamber Orchestra of Johann Strauss in Chelyabinsk.

Commenting on the results of the branch''s performance during the yearJohann Jonach, CEO of ZAO"Raiffeisenbank Austria", noted:"We haveapproached our first anniversary in Chelyabinsk with good financialperformance. Right from the beginning thanks to the effective work of"Yuzhny Ural" Branch we were able to offer our clients a wide range ofservices and products. I''m sincerely grateful to the staff of the Branchfor their loyal and highly professional work and I feel very happy thatwe can be proud of our results in all areas of our activity. Without ashadow of doubt all this became a reality thanks to the team of expertsthat work at the Branch and contribute to the Bank''s success on a dailybasis."

Shukhrat Sobirov, Director of"Yuzhny Ural" Branch, also underlined that"it is important for the Branch to live up to expectations and cope withtasks set before it. It is very pleasing for us to see that thanks toour efforts Raiffeisenbank has become a reliable partner for bothcorporate and individual clients in Chelyabinsk. Professional clientservice and provision of accessible and high-quality services willremain our main goal in future."

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. Among the leadingretail banks of Russia, Raiffeisenbank ranks 8th both in terms ofprivate lending and private 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.

* non-audited Raiffeisenbank''s inner data


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