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Raiffeisenbank Transforms the Volgograd Branch into an Operational Office

Raiffeisenbank has announced the transformation of the Volgograd Branch (35 Lenin Prospect, Volgograd) into the Volgograd operational office of Raiffeisenbanks Southern Branch, effective on April 23, 2010.

The decision to transform the Volgograd branch was made in connection with the project to upgrade the Banks regional structure and create a network of operational offices on a new technical platform. This will result in the enhanced efficiency of the Bank in the Volgograd Region, and an improvement in the quality of bank services for existing and new customers.

Further services will be provided to customers of the Volgograd Branch at the Volgograd operational office of Raiffeisenbanks Southern Branch, at the same address: 35 Lenin Prospect, Volgograd. The new format of the Volgograd operational office will enable it to expand its range of services, which were not offered earlier due to the IT platform at that time. The operational office will be open from 10:00 a.m. to 7:00 p.m. on weekdays and from 10:00 a.m. to 2:00 p.m. on Saturdays.

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 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 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 56,500 employees service around 15.1 million customers via more than 3,000 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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