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Raiffeisenbank has opened a new branch in Southeast St. Petersburg

Raiffeisenbank opened its 18th St. Petersburg branch today. The new Kupchino Branch is found at 26A Malaya Balkanskaya Street.

The Kupchino Branch provides retail services, offering private clients the full spectrum of banking services (deposits, transfers, bank cards, currency exchange, consumer credit, and so on). In the near future, the services of Raiffeisenbank network companies — OOO Raiffeisen Leasing, OOO Raiffeisen Capital MC, and the Raiffeisen Non-State Pension Fund — will also be offered at the branch office.

The Kupchino Branch has extended operating hours: Monday through Friday from 11:00 to 20:00 and Saturday from 11:00 to 17:00. There are two 24-hour ATMs at the branch, one of which has a cash deposit («cash in») function.

Igor Lefelman has been appointed as the director of the Kupchino Branch.

«In 2008, we opened nine branches in various districts of the city, more than doubling Raiffeisenbank's presence in St. Petersburg. We entered 2009 with seventeen branch offices, which service more than 200,000 clients. We are continuing to support Raiffeisenbank's traditionally high quality of service, and, taking into account our clients' pace and style of life, we are striving to open our branches in those places that allow clients to visit the bank not deviating from their habitual routes. Today we are opening the Kupchino Branch, the bank's eighteenth branch in St. Petersburg and the first one in the southeast part of the city,» noted Alexander Konyshkov, director of ZAO Raiffeisenbank's network bank, Severnaya Stolitsa, and of ZAO Raiffeisenbank's Northwest Regional Centre.

At the current time, the Severnaya Stolitsa network bank is ZAO Raiffeisenbank's largest network bank, with eighteen branches in various districts of St. Petersburg and two operational offices in Syktyvkar and Petrozavodsk. ZAO Raiffeisenbank's ATM network has approximately 190 units in St. Petersburg and Leningrad Region as well as 230 units in the Northwest Federal Area. The number of Raiffeisenbank branches in the Northwest Federal Area is growing vigorously and currently has 22 points of presence.

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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