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Raiffeisenbank is expanding its presence in Saint Petersburg.

ZAO Raiffeisenbank has completed its reconstruction of its 'Moskovsky Prospect' branch, which is located at 216 Moscow prospect. The re-opened branch of Raiffeisenbank provides personal banking services and offers its customers a wide range of banking services (car loans, mortgages, consumer loans, bank cards, deposits, money transfers, currency exchange and others).

The 'Moskovsky Prospect' branch has long opening hours: from Monday to Friday from 09.00 to 20.00 and Saturday from 10.00 to 17.00. In the branch there are two bank machines which are in operation 24 hours a day. One of them has a 'cash in' function.

Nataliya Kasavchenko was appointed as director of the Moskovsky Prospect branch of Raiffeisenbank.

«The completion of the reconstruction of the second branch of the bank on Moskovsky Prospect is a must for us, as in this part of the city there are a large number of customers. The geographical location of the Moskovsky branch will enable many of our customers to have access to our services in close proximity to their place of work or their home. Moskovsky Prospect is the 13th branch of the bank in Saint Petersburg. Its opening will mean that the presence of the bank in Saint-Petersburg has increased by 40% in comparison with the beginning of 2008» noted Aleksandar Konishkov, director of the 'Severnaya Stolitsa' branch of the ZAO Raiffeisenbank, and director of the regional center 'Severo-Zapadny' of ZAO Raiffeisenbank.

Currently the Severnaya Stolitsa branch is the largest Raiffeisen branch. There are 13 branches in various parts of Saint Petersburg, and an operating office in Siktivkar.

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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