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Nikita Patrakhin to head Corporate Banking and Corporate Finance Directorate at Raiffeisenbank

Nikita Patrakhin, board member of Raiffeisenbank, will be appointed Head of Corporate Banking and Corporate Finance Directorate.

The bank’s Corporate Banking and Corporate Finance Directorate and Markets and Investment Banking Directorate will merge.

Nikita Patrakhin has been with Raiffeisenbank since 2001, a board member in charge of Markets and Investment Banking since 2012. He will continue to carry out his board member duties at the helm of the newly combined directorate.

«The merger of the Corporate Banking and Corporate Finance Directorate with Markets and Investment Banking Directorate is intended to strengthen the synergies between the two business segments. This will make banking services more diverse, and at the same time tailor them to the needs of each corporate customer», — said Sergey Monin, Chairman of the Management Board. «It is only logical that Nikita Patrakhin should head the newly joined structure. He has accumulated an impressive track record overseeing the Markets and Investment Banking business».

Oxana Panchenko, head of Corporate Banking and Corporate Finance Directorate and member of the Management Board, has informed the bank’s management and Supervisory Board about her plans to continue her career outside Raiffeisen Group.

Oxana joined Raiffeisenbank as a corporate account manager in 1997. In 2008 she became a board member and head of Corporate Banking and Corporate Finance Directorate.

«‘Oksana Panchenko stood at the origins of the corporate business of Raiffeisenbank in Russia, and, as head of the respective Board area, made a significant contribution to the development of our business in the Russian market. Her high professionalism and individual approach to solving complex problems have enabled her to make corporate one of the most profitable businesses at Raiffeisenbank. We are grateful to Oksana for their work and wish her continued success in her career», said Monin.

AO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 14th among the Russian banks in terms of assets, based on 2016 results (Interfax-CEA). According to the same Interfax-CEA data, AO Raiffeisenbank ranked 10th in terms of liabilities of individuals and 7th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 14 markets. In total, around 51,000 employees service 14.2 million customers through around 2,600 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 60.7 per cent of the shares, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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