In February 2007 Kuban Branch of ZAO Raiffeisenbank Austria concluded anAgreement on Mutual Authentication of Signatures with the local officeof the Pension Fund of Russia, thus enabling its clients– residents of Krasnodar Krai – to transfer the cumulative part of labor pension to Raiffeisen NPF.
"The signing of this agreement became a yet another landmark in thepromotion of NPF services as well as in the implementation ofRaiffeisenbank''s general strategy in the region: provision of servicesof all subsidiaries in all the branches. This is an undisputableadvantage for Raiffeisenbank''s customers who will now be able to usethis service directly at the Bank''s location," said Natalia Gribkova,Director of Kuban Branch of ZAO Raiffeisenbank Austria.
Kuban branch is based at the following address: Krasnodar, ul. Severnaya311/1; it’s open on Monday to Friday from 9 am to 8 pm and on Saturday from 10 am to 5 pm; it is equipped with an ATM available 24/7.
Non-State Pension Fund Raiffeisenis among the mostlydynamically developing mutual non-state pension funds in Russia,offering programs of non-state pension provision for corporate andindividual clients. Furthermore, NPF Raiffeisen participates in theformation and payment of the cumulative part of labor pensions undermandatory pension insurance. At present NPF Raiffeisen serves over 23200 individual customers and over 80 corporate clients.
Raiffeisen Pension Fund was set up by ZAO Raiffeisenbank Austria, anaffiliate of Raiffeisen Internazional Bank Holding AG (RaiffeisenInternazional), with subsidiary banks and leasing companies in 16 CEEmarkets. The Bank serves 11.7 million customers at more than 2,775business outlets, and also has representative offices in Lithuania andMoldova. Raiffeisen International is a fully consolidated subsidiary ofRaiffeisen Zentralbank Osterreich AG (RZB), which owns 70 per cent ofthe common stock. The remaining 30 per cent is free float; the sharesare traded on the Vienna Stock Exchange. RZB is a leading corporate andinvestment bank in Austria and the central institution of the AustrianRaiffeisen Banking Group, the country''s largest banking organization.