Raiffeisenbank opened new branch Rublevskoye.

Raiffeisenbank continues its active branch expansion in Moscow. OnSeptember the 20th 2004 a new branch– Rublevskoye (Rublevskoye shosse, 22) was oppened.

In the Rublevskoye branch private clients may enjoy full range ofbanking services on accouts opening and keeping, money transactions, aswell as all lending programms. Rublevskoye branch is comfortably locatedon Rublevskoye shosse and is opened Monday through Friday from 11:00till 20:00.

As of the 20th of September 2004 Raiffeisenbank disposes of 10full-operational branches, an operational cash desk and 3 exchangeoffices in Moscow, and a regional branch in Saint-Petersburg. Since thebeginning of 2004 number of branches had almost doubled– 4 new branches were opened (Soukharevskoye, Smolenskoje, Krasnye Vorota, Rublevskoye). Within the next month an opening of 11-th branch, Kutuzovskoye, is planned.

Raiffeisenbank entered Russian retail market in 1999 and ranks 12thamong the largest Russian banks by assets and 11th in terms ofprofitability based on H1 2004 results (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,100per 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.