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Raiffeisenbank Opens New Branch in Volgograd

On 16 May 2009, a new office of ZAO Raiffeisenbank?s Volgograd branch was opened. The new office is located in the city centre at Prospekt imeni V. I. Lenina, dom 35. 

Among the personages who attended the event were Volgograd Region District Officer Nikolai Maksyuta, Extraordinary and Plenipotentiary Ambassador of the Republic of Austria Mr. Martin Vukovich, CEO of ZAO Raiffeisenbank Pavel Gurin, General Director of the Association of European Business in Russia Mr. Frank Schauff, Director of the Southern Regional Centre Natalya Gribkova, Director of ZAO Raiffeisenbank’s Volgograd Branch Georgiy Naumov, and the managers of the region’s leading businesses.

During the business part of the opening, there was a presentation on the investment potential of the Volgograd Region, negotiations with the region's leading industrial organisations were held, and interviews with representatives of the media were organised.

The bank's managers expressed their certainty that this new office with modern equipment in Volgograd will make the new potential for multifaceted banking services in this dynamically developing region of Russia into a reality. This is the way in which Raiffeisenbank, one of the most reliable representatives of the banking business, will contribute to the strengthening and development of the banking system in Volgograd Region.

ZAO Raiffeisenbank's Volgograd branch is part of the Southern Regional Centre, which comprises the bank's branches in the cities of the Southern Federal District: Volzhskiy, Krasnodar, Sochi, Anapa, Novorossiysk, Rostov-on-Don, Taganrog, Stavropol, and Essentuki.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 1Q 2009 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 1Q 2009 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. The group’s more than 62,000 employees service over 14.9 million customers via more than 3,200 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent 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.


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