Global Finance, a well-known international magazine, selected ZAORaiffeisenbank Austria as the Best Overseas Bank in Russia. GlobalFinance selected the best banks not only based on inputs from itseditors and expert sources but also with participation of end users. Thejudges were taking into consideration factors like market leadership,innovation, commitment to markets and evidence of long-term strategy.
“Best Overseas Bank Award received from one of the most respected international business edition is a great achievement for Raiffeisenbank. This recognition once more confirms our leading positions on the Russian market”, - stated Johann Jonach, Chairman of the Managing Board of Raiffeisenbank. “In recent years we proved that we can quickly and effectively respond to the market needs by offering our clients wide range of services and break through solutions”.
Global Finance magazine has more than 250 000 readers in over 160countries, including chairmen, presidents, CEOs, CFOs, treasurers andother financial officers responsible for making investments andstrategic business decisions for large global companies and financialinstitutions. Global Finance targets most of the 8 000 key portfolioinvestors who control over 80 per cent of all assets under professionalmanagement.
ZAO Raiffeisenbank Austria has been operating in Russia since 1996 andoffers its resident and non-resident corporate and private clients afull spectrum of banking services in both Russian rubles and foreigncurrencies. The Bank is ranked 9th in terms of net assets and 8th interms of loans to corporate clients according to 2005 results. Among thelargest banks in Russian Raiffeisenbank is on the 6th place in terms ofprivate lending and on the 9th place based on individual deposits as of2005 year-end (CEA Interfax).
Raiffeisenbank is one of the most reliable banks in Russia: Moody''sInterfax Rating Agency has assigned the long-term national scale creditrating to ZAO Raiffeisenbank Austria at Aaa.ru and the short-term ratingat RUS-1. Moody''s Investors Service also assigned the following ratingsto the Bank: D Financial Strength Rating (FSR), Baa2 long-term andPrime-2 short-term foreign currency deposit ratings.
ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International), which operates the leadingbanking network in CEE with 16 subsidiary banks and leasing companies.9.2 million customers are served via 2 400 business outlets. RaiffeisenInternational is a fully consolidated subsidiary of RaiffeisenZentralbank Oesterreich AG (RZB-Austria), which owns 70 per cent of thecommon stock. The remaining 30 per cent is free float including theshares of the International Finance Corporation (IFC) and the EuropeanBank for Reconstruction and Development (EBRD). RaiffeisenInternational''s shares are traded on the Vienna Stock Exchange.RZB-Austria is the central institution of the Austrian RaiffeisenBanking Group, the country''s most powerful banking group.