Raiffeisenbank Opens Regional Branch in Perm.

The official opening of the Perm regional branch of ZAO“Raiffeisenbank Austria” took place on the 2nd of November. The branch in Perm is the ninth in Raiffeisenbank’s growing network in Russia’s regions and the third in the Urals, which Raiffeisenbank considers one of the most promising regions of Russia.

At the official press conference held in conjunction with the opening,members of the Managing Board of Raiffeisenbank and the Perm branchanswered questions posed by journalists from leading regional mass mediaorganizations.

“Some of the branches we opened in 2006 have already put down firm roots and become indispensable for the communities they serve. We believe the Perm branch will also make an important contribution to the development of companies and the consumer market”, - stated Johann Jonach, the Chairman of the Managing Board of Raiffeisenbank.

Like every regional branch of Raiffeisenbank, the Permsky offers fullrange of services to both corporate and individual clients. In Perm,like in the other regional cities Raiffeisenbank also offers theservices of all Raiffeisen’s affiliate companies in Russia: Raiffeisen-Leasing, Non-State Pension Fund Raiffeisen and Raiffeisen Capital Asset Management Company.

Raiffeisenbank is ranked 8th in terms of assets among top Russian banksbased on Q2 2006 results (CEA Interfax). At present the Bank disposes of19 branches in Moscow, 5 branches in Saint Petersburg and regionalbranches in Ekaterinburg, Samara, Novosibirsk, Chelyabinsk, NizhnyNovgorod, Krasnodar, Krasnoyarsk and Perm. Among the leading retailbanks Raiffeisenbank is the 6th largest bank in Russia in terms ofconsumer lending and 7th in terms of private deposits based on Q2 2006results (CEA Interfax).

ZAO Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG– which is the steering company for subsidiary banks and leasing units in 16 markets of Central and Eastern Europe (CEE). More than 11 million customers are served via over 2,700 business outlets. Raiffeisen International is a fully consolidated subsidiary of RaiffeisenZentralbank Austria AG (RZB), which owns 70 per cent of the common stock. The remaining 30 per cent is free float, the shares are traded 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.