Yesterday, RZB Finance LLC celebrated its tenth anniversary in New York. Raiffeisen Zentralbank Оsterreich AG (RZB) introduced this operational unit to the U.S. market in 1997 after successfully entering the market with a representative office in 1980. «With our subsidiaries in the U.S., we can offer our clients the chance to participate in the largest contiguous economic area in the world,» explained RZB CEO Walter Rothensteiner the motivation for RZB's presence in the U.S. «With RZB Finance LLC, we can offer our European clients the familiar quality of our products and services in the U. S. At the same time, we can also serve our American clients locally.»
RZB Finance LLC is now represented at five locations in the U. S. In addition to the headquarters in New York and the branch office in Bethel, Connecticut, the company also has representative offices in Houston, Chicago, and Los Angeles. The client base is made up of corporate clients and financial institutions. «Ten years ago, we started with eleven employees. Today, 69 employees serve more than 250 clients. In the last few years, we have been constantly growing in the U. S. Our client base is highly diversified and active in every business sector, but above all, we are highly sought after as a banking partner because of our Eastern European network,» said Herbert Stepic, deputy CEO of RZB and CEO of Raiffeisen International, describing RZB Finance LLC's positioning.
In the U.S., RZB Finance LLC offers a range of products that is specially tailored for the American corporate client market. In addition to serving the U.S. market, the company also serves the Latin American market from its U.S. locations. The company's products range from trade financing and asset based lending to traditional corporate financing. RZB has also developed into a player on the niche market for the financing of companies in the energy sector.
You can download a picture in print-quality from: http://www.rzbfiles.at/rzbusa.jpg
Photo (from left to right): Herbert Stepic (deputy CEO of RZB and CEO of Raiffeisen International), Dieter Beintrexler (Head of RZB Finance LLC New York), Stewart D. Gager (Member of the supervisory board of Raiffeisen International), Patrick Butler (Member of management board of RZB).
Raiffeisen Zentralbank Оsterreich AG (RZB) is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group. It is a leading corporate and investment bank in Austria and also considers Central and Eastern Europe (CEE) as its home market. RZB is the only Austrian bank with a global network of business units reaching all important finance centres around the globe. It is also present in Asia via its branches and representative offices.
Via listed subsidiary Raiffeisen International Bank-Holding AG, RZB operates one of the largest banking networks in CEE. 18 markets are covered by subsidiary banks, finance leasing companies, two representative offices and a number of financial services providers. Approximately 13 million customers are attended to through more than 3,000 business outlets.