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Kuban Branch of ZAO Raiffeisenbank Austria took part in the New Year’ssports party «Kuban Olympic Hopes» .

On December 25 Kuban Branch of ZAO Raiffeisenbank Austria took part inthe New Year’s sports party"Kuban Olympic Hopes" held in the center ofculture and entertainment“Europe”. The Olympic party in honor of the best sportsmen and trainers of Krasnodar Krai of the year 2006 was arranged by the Department of Physical Education and Sports of Krasnodar Krai. The event was accompanied by a fashion show, a concert and congratulations ofthe sportsmen.

Ludmila Chernova, Director of the Department of Physical Education andSports of Krasnodar Krai, track and field Olympian championess,remarked:"The aim of this event is to promote sport, healthy life styleand honoring the outstanding sportsmen of Kuban– our Olympic champions, World and Europe champions, honored masters of sports and trainers – for their contribution to the development of sports in Krasnodar Krai and Russia on the whole."

In the framework of the event nine Olympic champions and eight Worldchampions were congratulated by ZAO Raiffeisenbank Austria and wereawarded with gifts and certificates for Raiffeisenbank credit cards VISAGold and VISA Classic. The Bank officers explained the advantages of thecredit cards with a grace period of up to 50 days, including thepossibility for their owners to participate in the programme"Discountsfor You", and also explained to the sportsmen the conditions for gettingcredit cards.

Wishing the sportsmen happy New Year, Natalya Gribkova, Director ofKuban Branch of ZAO Raiffeisenbank Austria, pointed out:"We are veryhappy to participate in this event because Raiffeisenbank pays specialattention to the development of sports. Raiffeisenbank in Russia alongwith subsidiaries of Raiffeisenbank International in Central and EasternEurope are official sponsors of the World Hockey Championship 2007 heldin Moscow April 27– May 13. It gives me special pleasure to fulfill this mission today because I personally devoted fourteen years of my life to sport, won Russian and international competitions in track and field among juniors, was a member of Russian National Junior Track and Field Team. Sport is a hard job connected with frequent travels within Russia and abroad for training and competitions, and we are sure that the credit card of Raiffeisenbank will become a convenient and indispensable companion in your travels".

Kuban Branch was opened in June 22, 2006, and has become the largestregional branch of ZAO Raiffeisenbank Austria in the South FederalDistrict and is the seventh largest regional branch in Russia. TheBranch offers a full range of banking services to its individual andcorporative customers, residents and non-residents, both in rubles andin foreign currency.

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 Yekaterinburg, 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.


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