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Raiffeisenbank Opens the Volzhsky Operational Office

On 26 October 2009, the opening of the new Volzhsky Operational Office of ZAO Raiffeisenbank's Southern Regional Centre was held in the city of Volzhsky (Volgograd Region). The office is located at Olomoutskaya street, 31A.

Natalya Gribkova, Director of ZAO Raiffeisenbank's Southern Regional Centre, and Georgiy Naumov, Director of ZAO Raiffeisenbank's Volgograd network bank, took part in the opening ceremony.

In her opening comments, Natalya Gribkova noted, “The opening of a new office with modern equipment reflects Raiffeisenbank's strategy that is being implemented through the development of a regional network in dynamically developing territories such as Volgograd Region. The new format of offices on a common technological platform enables the bank to implement an effective operational model. Clients will receive access to the most modern banking technology and a universal line of banking products.”

Anastasia Alexandrova, who earlier headed the Volzhsky Additional Office of Raiffeisenbank's branch in Volgograd, has been appointed as director of the Volzhsky Operational Office for the Southern branch of the bank. The new office's working hours are weekdays from 10:00 a.m. to 7:00 p.m. and on Saturdays from 10:00 a.m. to 2:00 p.m. A 24-hour ATM is located in the office building. The office offers banking services such as the Electronic Office and Raiffeisen CONNECT systems, and safe deposit box rentals. Services offered by Raiffeisenbank subsidiary companies Raiffeisen Capital Assets Management Company and the Raiffeisen Non-State Pension Fund are available at the office.

The Volzhsky Operational Office is part of the structure of ZAO Raiffeisenbank's Southern Regional Centre, which comprises the bank offices in Volgograd, Krasnodar, Sochi, Anapa, Novorossiysk, Rostov-on-Don, Taganrog, Stavropol, Pyatigorsk, 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 1H 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 1H 2009 results.

Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 60,000 employees service around 15 million customers via more than 3,100 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, with the shares 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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