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Martin Gruell appointed as CFO of Raiffeisen International.

As of today, Martin Gruell will be Member of the Board of Vienna-basedRaiffeisen International Bank-Holding AG (Raiffeisen International). Hewas assigned the position of Chief Financial Officer (CFO). In additionto the Controlling& Accounting division he will be in charge, amongother things, of Raiffeisen Internationals risk management.

With this move, Martin Gruell returns to the RZB Group, headed byRaiffeisen Zentralbank Oesterreich AG (RZB), where he had already beenemployed between 1982 and 1998, among other positions as head of thebanks International Finance main department. In 1998 Gruell joined the board of Bank Austria Handelsbank, 1999 he was appointed chairman of the management board. Gruell had a leading role in the expansion of Bank Austria Creditanstalts network in Central and Eastern Europe (CEE). His latest position was Division Head in charge of the CEE-business management, from which he resigned in last November. Martin Gruell, 45, is married and father of two children.

Following Gruell''s appointment, the board of Raiffeisen Internationalnow consists of Herbert Stepic (CEO), Aris Bogdaneris, Rainer Franz,Martin Gruell, Peter Lennkh and Heinz Wiedner.

You can download a photo of Martin Gruell in printing quality from

Raiffeisen International is the steering unit of the RZB Group in CEE.As holding company it does not have a banking licence. RaiffeisenInternational is a fully consolidated RZB-subsidiary with minorityinterest being held by International Finance Corporation (IFC) and theEuropean Bank for Reconstruction and Development (EBRD).

RZB is the central institution of the Raiffeisen Banking Group,Austria''s most powerful banking group. RZB is a leading corporate andinvestment bank in Austria and also considers CEE as its home market,where it operates, via Raiffeisen International, a network of 15subsidiary banks with more than 900 banking outlets, as well as tworepresentative offices, in 16 markets of the region. In March 2004, theUS-magazine Global Finance awarded the title ofBest Bank in Eastern Europe and Central Asia to RZB.


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