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Raiffeisenbank to participate in Hyundai Finance car lending programme

Raiffeisenbank and Hyundais Russian office are offering the programme Hyundai Finance: loans for new Hyundai automobiles on special terms through 31 October 2010 with possible extension.

Under the terms of the programme, buyers of new Hyundai automobiles can receive loans at an annual interest rate from 13% (in RUR).

The decision to issue loans can be taken by the Bank using the standard set of documents or using documents that establish the clients identity (e.g. a passport and a drivers license).

Developing a strategic partnership with major auto dealers or representative offices is a key area of work for Raiffeisenbank in auto lending. We believe that current and potential clients value the terms and advantages of the Hyundai Finance programme, notes Andrey Stepanenko, a Member of Raiffeisenbanks Board and the Head of Retail Private Individuals Directorate.

The programme is in effect in all regions where Raiffeisenbank operates. Full information about the Hyundai Finance programme is available at Raiffeisenbank Special Programmes or at official Hyundai dealerships in Russia.

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 Q1 2010 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 9th in consumer lending in Russia based on Q1 2010 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 56,000 employees service around 15 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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