Raiffeisenbank’s 11-th Branch in Mosow — Kutuzovskoye is opened.

Kutuzovskoye Branch is the second opened in Moscow for the last month(on September the 20th 2004 Rublevskoye branch was opened). Kutuzovskoyeoffers a full range of services to private and corporate customers. Thebranch is located at Kutuzovsky prospekt, 34 and is opened Mondaythrough Friday from 9:00 a.m. till 08:00 p.m., and Saturday from 10:00a.m. till 05:00 p.m.

As of the 6th of October 2004 Raiffeisenbank disposes of 11full-operational branches, an operational cash desk, 3 exchange officesin Moscow, and a regional branch in Saint-Petersburg. Since thebeginning of 2004 Raiffeisenbank has launched 5 new branches(Soukharevskoye, Smolenskoje, Krasnye Vorota, Rublevskoye,Kutuzovskoye).

Raiffeisenbank is a universal bank with operations equally focused oncommercial, retail and investment banking activities. Raiffeisenbank hasbeen operating in Russia since 1996 offering a wide range of services tocompanies and private clients and ranks 12th among the largest Russianbanks by assets and 11th in terms of profitability based on H1 2004results (RA Interfax).

Retaining the position of a leading foreign bank on the local marketRaiffeisenbank is ranked 8th in terms of private deposits among theRussian banks with private deposit base of more than USD 532 mln (RAInterfax, H1 2004 results). The Bank is also the 4th largest bank inRussia in terms of consumer lending (Interfax as of H1 2004), theprivate loan portfolio amounting to USD 219 mln, which illustrates 54,2%growth from 2003 year-end figure (USD 142 mln).

Raiffeisenbank Austria is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International,100 per cent owned by Raiffeisen Zentralbank ?sterreich AG (RZB), is theholding company for RZB’s most important subsidiaries in Central and Eastern Europe (CEE). RZB is the central institution of the Austrian Raiffeisen Banking Group, the country''s most powerful banking group.