The insurance company Standart Rezerv concluded an agreement with ZAORaiffeisenbank Austria under which Standart Rezerv became a participantof the car loan programme and gets the opportunity to providecomprehensive insurance of cars purchased with Raiffeisenbank car loans.
According to Anna Pavlova, Director of the Car Insurance Management,Standart Rezerv, cooperation between the Company and Raiffeisenbankbecame the next step in the implementation of the strategy of StandartRezerv in the field of extending cooperation with financialinstitutions. Currently Standart Rezerv cooperates with Raiffeisenbankwithin the programme of financial risks insurance in participatoryconstruction with mortgage loans for a property under construction.
When commenting on this transaction, Roman Vorobyev, member of the Boardof Directors of Raiffeisenbank, Director of Retail Banking Management,underlined:"Raiffeisenbank pays special attention to the development ofreliable and long-standing partner relations with insurance companies".We are constantly improving our loan programmes in line with the trendsof the modern market. It is also important for us to offer our clients awider range of insurance companies, which in they turn would be able tooffer high quality services and best insurance terms".
SZAO Standart Rezerv has been operating on the Russian market since1993. The authorized capital of the company amounts to 500 millionrubles. The license allows the company to carry out operations in 49types of insurance and reinsurance. Standart Rezerv has 52 branches and79 territorial agencies in Russia. The company is a participant ofAll-Russian Union of Insurers, Russian Association of Motor Insurers,Moscow Association of Insurers, Russian Union of Industrialists andEntrepreneurs, etc.
ZAO Raiffeisenbank Austria is ranked 9th in terms of assets amongRussian banks based on Q3/2006 results (Interfax-CEA). At present, theBank has 21 branches in Moscow, 5 branches in Saint Petersburg andregional branches in Ekaterinburg, Samara, Novosibirsk, Chelyabinsk,Nizhny Novgorod, Krasnodar, Krasnoyarsk and Perm. In terms of thecorporate credit portfolio Raiffeisenbank ranks 9th based on Q3/2006results (Interfax-CEA). Among the leading retail banks of Russia,Raiffeisenbank ranks 8th both in terms of private lending and privatedeposits based on Q3/2006 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.