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Raiffeisenbank opened its regional branch in Nizhny Novgorod.

On the 25th of April Povolzhsky branch of ZAO“Raiffeisenbank Austria” in Nizhny Novgorod was opened. Launching of Povolzhsky branch is another successful step within the regional expansion programme of the Bank. Currently it is the sixth regional branch in succession and second in the year of 2006, after recently opened branch in Chelyabinsk.

Inthe course of the official press conference Members of the ManagingBoard and management of Povolzhsky branch, answered questions raised bythe journalists of key regional mass media. The ribbon-cutting ceremonywas attended by His Excellence Austrian Ambassador in Russia, MartinVukovich, and took place within Povolzhsky Branch premises at M.Gorkystreet, 117.

“Nizhny Novgorod is a financial center of Povolzhsky District and indeed it is a very attractive region for Raiffeisenbank. Like in recent years, in 2005 the region has demonstrated stable and dynamic economic growth. We believe in its further development and have high expectations from our newly opened Povolzhsky branch”, - stated Johann Jonach, the Chairman of the Managing Board of Raiffeisenbank.

Povolzhsky branch like every other branch of Raiffeisenbank, offers thefull range of services to both corporate and individual clients; also,the Bank possesses the necessary experience of implementing and adaptingbanking products to the needs of the Russian companies and household onthe regional level.

In Nizhny Novgorod Raiffeisenbank also offers services of all Raiffeisenaffiliate companies in Russia: Raiffeisen-Leasing, Non-State PensionFund Raiffeisen, Raiffeisen Capital Asset Management Company.

Raiffeisenbank is ranked 9th in terms of assets among Top Russian banksbased on 2005 results (CEA Interfax). At present the Bank disposes of 17branches in Moscow, 3 branches in Saint Petersburg and regional branchesin Ekaterinburg, Samara, Novosibirsk, Chelyabinsk and Nizhny Novgorod.Among the leading retail banks Raiffeisenbank is the 6th largest bank inRussia in terms of consumer lending and 9th in terms of private depositsbased on 2005 results (CEA Interfax). The Bank was ranked 3rd in termsof mortgage lending based on 2005 results (RBC.Rating) and 3rd among thelargest Russian banks in terms of car loans portfolio, based on 2005results (RBC.Rating).

ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International)– which is the steering company for 16 subsidiary banks and leasing units in Central and Eastern Europe (CEE), 9.2 million customers are served via 2,400 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Austria AG (RZB), which owns 70 per cent of the common stock. The remaining 30 per cent is free float, the shares are traded on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the leading corporate and investment bank in Austria andin Central and Eastern Europe (CEE).


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