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Raiffeisenbank offers new improved car loan program facilities:extending maturity period up to 7 years and offering more flexiblerepayment conditions.

Since January 15, 2007 ZAO Raiffeisenbank Austria has implementedchanges in the car loan conditions. The maturity of a car loan isextended up to 7 years. According to the new conditions the clients alsohave the possibility to choose the moratorium for early repayment– the term during which it is possible to repay a loan in part or in full, at a client’s discretion, may be either 3 or 6 months as of the issue date of a credit, which, in its turn, will influence interest rates."Withoutdown-payment" Program makes the only exception here.

Roman Vorobyev, member of Raiffeisenbank’s Board of Directors, Director of the Retail Banking Management, pointed out:"Extension of thematurity period up to 7 years is rather a revolutionary decision, but webelieve that the market is already ready for that change. Car lending isa product which can be gradually qualified as a medium-term loan, andour clients encourage this initiative. The possibility to choose themoratorium makes our car lending program more attractive and gives ourclients more freedom in their financial planning".

The interest rate for the purchase of a new car depends on the type ofmoratorium for early repayment: in the first case they vary from 9 to10.5% p.a. in USD and Euros, and from 11 to 14% p.a. in rubles; in thesecond case - from 9 to 10.9% p.a. in foreign currency, and from 11 to15% p.a. in rubles. More detailed information on the program isavailable at the site of the Bank

The changes in the car lending program are implemented simultaneously inall the regional branches of Raiffeisenbank: Moscow, Saint Petersburg,Ekaterinburg, Novosibirsk, Samara, Chelyabinsk, Krasnodar, Krasnoyarsk,Perm, Nizhny Novgorod, as well as in partner showrooms of the bank inother Russian cities having remote offices (including Astrakhan,Barnaul, Kostroma, Ryazan, Sterlitamak, Tula, Tyumen, Ufa and others).

ZAO Raiffeisenbank Austria is the ninth largest bank in Russia in termsof assets, as of 3Q/2006 (CEA Interfax). At present, the Bank has 21branches in Moscow, 5 branches in Saint Petersburg and regional branchesin Ekaterinburg, Samara, Novosibirsk, Chelyabinsk, Nizhny Novgorod,Krasnodar, Krasnoyarsk and Perm. In terms of the corporate creditportfolio Raiffeisenbank ranks 8th based on the 3Q/2006 results(Interfax-CEA) and 8th both in terms of private lending and privatedeposits.

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.


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