Novosibirsk hosted the opening of the new regional branch ofRaiffeisenbank– fourth in succession and third during the current year. Tempos of the programme implementation advance steadily – there was a 4-years lag between opening of the regional branch in Saint Petersburg and Ekaterinburg, half a year separated Ekaterinburg-based regional branch from Samara-based one, Novosibirsk followed in 2 months.
Regional branch’s opening included several meetings of Raiffeisenbank’s managing board accompanied by His Excellence Austrian Ambassador in Russia, Martin Vukovich with Novosibirsk regional administration representatives, among them Representative of the President in Siberian Federal Region Mr. Kvashnin, the First Deputy of Novosibirsk Region Governor Mr. Yurchenko, Head of Central Bank of Novosibirsk Region Mrs. Zhabotinskaya, Novosibirsk Mayor Mr. Gorodetsky. In the course of the meetings the parties discussed regional banking sector future perspectives in the light of foreign players` market entering; outlook for regional economic development by means of further strengthening of business relations between foreign, especially Austrian investors and Novosibirsk based enterprises.
The ribbon-cutting ceremony within“Sibirski” regional branch premises at Uritskogo street, 20 was followed by official press-conference where the First Deputy of Novosibirsk Region Governor Mr. Yurchenko, Austrian Ambassador in Russia Mr. Martin Vukovich, members of the management board of the Bank and “Sibirski” regional branch answered questions raised by journalists of the leading local mass media.
Raiffeisenbank’s services are equally focused on commercial, retail and investment banking activities. As every branch of Raiffeisenbank, “Sibirski” offers the complete range of services to both corporate and individual clients; furthermore the Bank possesses the necessary experience of implementing and adapting banking products to the needs of the Russian companies and household on the regional level.
Michel Perhirin, Chairman of the Managing Board of Raiffeisenbank,stated at the press-conference:“Raiffeisenbank is already successfully cooperating with a number of regional enterprises and intends to further expand cooperation with corporate clients, including medium- and small-sized companies, offering a full range of corporate financial services. We see clear interest to our products and opening of the regional branch will allow us to offer convenient service and full array of banking products to both corporate and private clients.”
On the corporate side Raiffeisenbank offers a full spectrum of bankingservices to large- and medium-sized companies: cash management,documentary operations, loans (trade, structured and project finance,investment banking, etc.).
Retail products offered comprise the full scale of loan productsincluding mortgage, car and unsecured loans.
Further retail banking products include deposit and current accounts,all types of bank cards, as well as safe boxes, travel cheques,investment products and Internet-banking services.
Alongside with banking products the regional branch will also offerservices of all Raiffeisen affiliate companies in Russia:Raiffeisen-Leasing, Non-State Pension Fund Raiffeisen, OOO RaiffeisenCapital Asset Management Company.
At present the Bank disposes of 13 branches in Moscow, 3 branches inSaint Petersburg and 1 in Ekaterinburg, 1 in Samara and 1 inNovosibirsk. Further regional branches are planned for opening in theyear 2006.
Raiffeisenbank is one of the most reliable banks in Russia: Moody’s Interfax Rating Agency assigned the long-term national scale credit rating to Raiffeisenbank Austria at Aaa.ru and the short-term rating at RUS-1. Moody’s Investors Service assigned the following ratings to the Bank: D Financial Strength Rating, Baa2 long-term andPrime-2 short-term foreign currency deposit ratings.
Raiffeisenbank is ranked 10th in terms of assets among Top Russian banksbased on H1 2005 results (CEA Interfax). Raiffeisenbank is the 4thlargest bank in Russia in terms of consumer lending and 8th in terms ofprivate deposits based on H1 2005 results (CEA Interfax). The Bank wasranked 1st among the largest Russian banks in terms of car loans basedon 2004 results (Autonews.ru) and 3rd in terms of mortgage lending basedon H1 2005 results (RBC.Rating).
ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International isa fully consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG(RZB), which owns 70 per cent of the common stock. The remaining 30 percent is free float including the shares of the International FinanceCorporation (IFC) and the European Bank for Reconstruction andDevelopment (EBRD), which own about 3 per cent each of the capitalstock. Raiffeisen International''s shares are traded on the Vienna StockExchange. Raiffeisen International is the steering company for 15subsidiary banks and 14 leasing units with more than 970 outlets inCentral and Eastern Europe (CEE). RZB-Austria is the central institutionof the Austrian Raiffeisen Banking Group, the country''s most powerfulbanking group.