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Raiffeisenbank offers new mortgage terms and launches two specialcampaigns — mortgage without down payment and reduced fee for providing mortgage loan.

From December, the 11th, 2006, alterations in the mortgage lendingprogram of ZAORaiffeisenbank Austria come into effect. From now on any sum of a loan can be provided as there is no limit, the minimum sum amounts to US $, 15, 000/400,000 RUR. The interest rate has been cut; the minimum interest rate can amount to 9 percent per annum for the loans in US dollars.

The terms of purchasing cottages on the trading market are similar tothe terms of purchasing an apartment on the trading market, i.e.: theinterest rates are equal and the amount of financing equals 85 percentof the real estate cost.

The period of a loan for purchasing a land plot has been expanded from 3to 15 years, while the period of a loan for reparation works from 10 to 15 years. The amount of financing for purchasing land plots and reparation works has also been increased and equals 75 percent of the real estate cost.

The Bank offers a new program within the framework of the mortgageproduct line: all purpose loans on mortgage. The maximum amount offinancing within the framework of this loan equals 75 percent of thepledged real estate.

Besides, new products include refinancing loans for purchasing landplots and reparation works and an option to purchase a cottage underconstruction making use of the loan on mortgage.

Those who live in the cities with Raiffeisenbanks branches have an opportunity to purchase real estate in any region with banks branches. For example, a borrower, who live and work in Novosibirsk, can buy an apartment in St. Petersburg.

Alterations in the mortgage program have been simultaneously introducedinto all regional affiliates of Raiffeisenbank, i.e., Moscow, St.Petersburg, Ekaterinburg, Novosibirsk, Samara, Chelyabinsk, Krasnodar,Krasnoyarsk, Perm.

From the 11th of December Raiffeisenbank launches special programs forthe clients of real estate agencies Raiffeisenbanks partners. Within the framework of these programs the clients of partner companies can get a mortgage loan without a down payment when submitting an application not later than February, the 28th, 2007. When submitting an application not later than January, the 31st, 2007, the clients of partner companies enjoy the fee for providing a loan amounting to 0.5 percent of the loan amount but not less than 250 US dollars, however not exceeding 500 US dollars.

The advantage of Raiffeisenbank lies in the fact that it offers a wide spectrum of mortgage products, which are regularly adjusted to clients needs. This year within the framework of improving the banks retail product line we have introduced a new mortgage program and offer our clients even more attractive and profitable terms, Member of Raiffaisen Board, Head of the front office for contacts with natural persons Roman Vorobiev points out.

ZAORaiffeisenbank Austria occupies the 9th position among Russias major banks in terms of the amount of assets according to the outcomes of the 3rd quarter of 2006 (The Center for Economic Analysis, Interfax). Nowadays, the Bank has 20 branches in Moscow, 5 branches in St.Petersburg, regional branches in Ekaterinburg, Samara, Novosibirsk, Chelyabinsk, Nizhny Novgorod, Krasnodar, Krasnoyarsk and Perm. Raiffeisenbank occupies the 9th position in terms of the amount of the corporate loan portfolio according to the outcomes of the 3rd quarterof 2006 (The Center for Economic Analysis, Interfax). Among Russias leading retail banks Raiffeisen occupies the 8th position in terms of the amount of credits for private persons and the 8th position in terms of private deposits according to the outcomes of the 3rd quarter of 2006 (The Center for Economic Analysis, Interfax).

ZAORaiffeisenbank Austria is an affiliate company of Raiffeisen International Bank Holding AG (Raiffeisen International); the Holding manages bank affiliates and affiliated leasing companies on 16 markets in Central and Eastern Europe. Over 2,775 branches render services to11.7 mio. clients. Representative offices in Lithuania and Moldova expand the presence of the Group in the region. Raiffeisen International is a completely consolidated affiliate company of Raiffeisen Zentralbank Austria AG (RZB) owning 70 percent of Holdings common capital stock, the remaining 30 percent are in free circulation and traded on the Vienna Stock Exchange. Being the lead bank of the Raiffeisen Group, the largest banking group of Austria, RZB is the leading corporate and investment bank and the leading bank of Austria.

December, the 13th, 2006

ZAORaiffeisenbank Austria


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