As of 1 December 2008, Andrey Stepanenko, member of the Management Board of Raiffeisenbank, will take on the position of Head of Consumer Banking Directorate, subject to approval by the Central Bank of the Russian Federation.
«Andrey Stepanenko has extensive experience in devising and running complex and interrelated processes. His knowledge of the specifics of retail lending, skills in managing large teams and coordinating branches within the network all indicate that he is the perfect candidate for this post. I am confident that Andrey Stepanenko will be successful in developing our retail business, which is of prime importance for Raiffeisen in Russia», said Pavel Gurin, CEO of ZAO Raiffeisenbank.
Mr Stepanenko has been with Raiffeisenbank since 2003, and for the past two years he has been a member of the Management Board and Head of the Risk Management Directorate. Andrey Stepanenko's responsibilities in this post included running the bank's risk evaluation, analysis and management system.
Roman Vorobiev, who is stepping down as Head of Retail, informed the Bank's Advisory Board that he wishes to further his career and meet new challenges outside the Raiffeisen Group. «Roman Vorobiev effectively and efficiently launched retail business for the joint bank following Raiffeisenbank Austria's integration with Impexbank and has made a significant contribution to the rapid and high-quality development of our retail business on the Russian market. We are most grateful to him for this excellent work and wish him every success in his future career», said Pavel Gurin.
Andrey Stepanenko will be replaced by Maria Minaeva as Head of the Risk Management Directorate. Ms Minaeva has been with the Bank since 2007 as Head of Corporate Risk Management Division.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned bank in Russia, ranking 8th in terms of assets among top Russian banks based on 3Q 2008 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 4th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 3Q 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.