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Raiffeisenbank Opens a Second Office in Rostov-on-Don

On 29 October 2009, the Western Operational Office of Raiffeisenbanks Southern branch in Rostov-on-Don had opened. The office is located at Prospect Kommunisticheskiy, 27.

Director of banks Southern Regional Centre Natalya Gribkova, Director of the network of operational offices in Rostov Region Yuriy Avdeev, and Director of Rostov branch Vladimir Ponomarev were all present at the opening ceremony.

In her opening words, Natalya Gribkova expressed her thanks to the administration of Rostov Region, the city of Rostov-on-Don, and representatives of the Central Bank for their support. The opening of the Western Operational Cash Office will allow us to come even closer to our clients, noted Natalya Gribkova. Now residents of the Western Micro-Region will have convenient access to our banking services and will be able to evaluate the advantages of our service.

Alena Zheleznova (who was previously at the head of Additional Office in Rostov) is the director of new Operational Office. The Western Operational Office is the third Raiffeisen branch in Rostov Region and the 17th branch of the bank in the Southern Federal District. The offices working hours are weekdays from 10:00 to 19:00. A 24-hour ATM is located in the office building. Services, offered by Raiffeisenbank network companies Raiffeisen Capital Management Company and the Raiffeisen Non-State Pension Fund, as well as the Raiffeisen CONNECT internet banking service, are presented at the office.

Today, Raiffeisenbank serves more than 43 000 clients in Rostov-on-Don and more than 18 000 in Taganrog. Approximately one in every twelve economically active residents of the city became Raiffeisenbank clients.

The Western Operational Office is part of the structure of Raiffeisenbanks Southern Regional Centre, which comprises the bank offices in Rostov-on-Don, Taganrog, Krasnodar, Sochi, Anapa, Novorossiysk, Stavropol, Pyatigorsk, Essentuki, Volgograd, and Volzhskiy.

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 3Q 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 8th in consumer lending in Russia based on 3Q 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 groups nearly 59,000 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 countrys largest banking group.


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