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Raiffeisenbank is continuing to open new branches. There is now one on Sredny Prospect.

Today Raiffeisenbank opened its 14th branch in St. Petersburg. It is located on 35A Sredny Prospect, Vasilyevsky Ostrov.

The Vasileostrovskoe branch offers a full list of banking services to private individuals (deposits, transfers, banks cards, currency exchange, consumer credits, car loans, mortgages etc), as well as products from the non-governmental pension fund Raiffeisen and the management company Raiffeisen Capital.

The Vasileostrovskoe branch operates under extended hours: from Monday to Friday  from 09:00 to 20:00, and on Saturday  from 10:00 to 17:00. Two cash points operate 24 hours within the branch, one of which has a cash-in option.

The newly appointed director of the 14th Vasileostrovskoe branch of Raiffeisenbank in St. Petersburg is Irina Gabysheva.

Raiffeisenbank is continuing to implement its plan for 2008 to strengthen its position on the market in Saint Petersburg and systematically develop its branch network. This year so far we have opened 6 branches in various parts of the city and there is no doubt that by the end of the year we will please our customers with further openings, which have be traditional for the year 2008. The Vasileostrovskoe branch is already the 2nd Raiffeisenbank branch to open on Vasilyevsky Ostrov, which has opened due to the growing demand for our products and services, and the need to fulfill this demand at a convenient geographical location for our customers, said Aleksander Konishkov, the director of the Northern Capital of ZAO Raiffeisenbank, the director of the regional center Severo-Zapadny of ZAO Raiffeisenbank.

Currently the Northern capital division of the ZAO Raiffeisenbank is the largest division of ZAO Raiffeisenbank, with 14 branches in various regions of Saint-Petersburg and an operational office in Syktivkar. The ATM network of ZAO Raiffeisenbank has already got over 165 cash points in St. Petersburg, and about 205 ATMs in the North-Western Federal District (NFWD). The number of Raiffeisenbank divisions in the NWFD is increasing rapidly and will reach 20 by the end of the current year.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned bank in Russia, ranking 7th in terms of assets among top Russian banks based on 1H 2008 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 1H 2008 results.

Raiffeisen International operates one of the largest banking networks in CEE. 17 markets in Europe's growth region are covered by subsidiary banks, leasing companies and a range of other financial service providers. 14.6 million customers are serviced in more than 3,100 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns more than two-thirds of the common stock. The remainder is in free float, the shares are listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group.


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