Top business magazine Global Finance has named ZAO RaiffeisenbankAustria and OAO IMPEXBANK as the Best Overseas Bank in Russia. Theselection was made by Global Finance’s editors, expert sources and banking clients. The judges took into consideration factors like market leadership, innovation, commitment to markets and evidence of a long-term strategy.
“Raiffeisenbank has for three consecutive years been selected as the Best Overseas Bank in Russia. This year the nomination is of particular value to us as we received the award jointly with IMPEXBANK,” said Johann Jonach, country manager for Russia, Chairman of the ManagingBoard at Raiffeisenbank."We continue to strive for the further dynamicdevelopment of our banks in Russia, with a particular emphasis onquality of customer service."
Global Finance magazine has more than 250,000 readers in over 160countries, including chairmen, presidents, CEOs, CFOs, treasurers andother financial officers responsible for making investments andstrategic business decisions for large global companies and financialinstitutions. The magazine targets the 8,000 key portfolio investors whoare believed to control over 80 per cent of all assets underprofessional management.
ZAO Raiffeisenbank Austria focuses in equal measure on commercial-,retail- and investment-banking. It entered the Russian market in 1996,offering a wide range of services to both corporate and individualcustomers. Established in 1993, Impexbank also offers a wide range ofservices. The bank’s customers are serviced through 205 outlets, about 400 points offering consumer loans as well as 500 ATMs.
In 2006 in terms of combined assets Raiffeisen Group in Russia(Raiffeisenbank and Impexbank) was ranked 7th, according to the InterfaxCentre for Economic Analysis.
ZAO Raiffeisenbank Austria and OAO Impexbank are subsidiaries ofRaiffeisen International Bank-Holding AG, which operates one of theleading banking networks in the EU, with subsidiary banks and leasingcompanies in 16 markets. More than 11.7 million customers are servicedthrough over 2775 business outlets. In eight markets, the respectivenetwork bank is one of the three largest local banks. Representativeoffices in Lithuania and Moldavia complement the Group’s presence in the region. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB), which owns 70 percent of the share capital. The remaining 30 percent of the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria, and the central institution of Austria’s Raiffeisen Banking Group, the country’s largest banking group.