Raiffeisenbank (Russia)

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This article is about Raiffeisenbank in Russia. For other uses, see Raiffeisen.
ZAO Raiffeisenbank
Type Joint-stock company
Industry Financial services
Founded 1996 (1996)
Headquarters Moscow, Russia
Parent Raiffeisen Bank International
Website www.raiffeisen.ru

ZAO Raiffeisenbank (Russian: ЗАО «Райффайзенбанк») is a bank in Russia. It is a subsidiary of Raiffeisen Bank International, which in turn is a fully controlled subsidiary of Raiffeisen Zentralbank. It was originally founded in 1996 as Raiffeisenbank Austria and has expanded considerably following the 2006 takeover of Russia's Impexbank.

Raiffeisenbank is one of Russia's major banks, based on H1 2011 results, it ranks 9th in Russia in terms of assets, 5th in terms of private deposits, and 7th in consumer lending.[1] As of 2014, Raiffeisen Bank International had exposure of $26.6 billion in Russia. In 2013, the company's Russian business accounted for 74 percent of its pretax profit.[2]

The bank's subsidiaries in Russia are Raiffeisen-Leasing, Raiffeisen Pension Fund, and Raiffeisen Capital.

References[edit]

  1. ^ About Raiffeisenbank
  2. ^ http://dealbook.nytimes.com/2014/08/21/european-banks-expect-limited-impact-from-sanctions-on-russia

External links[edit]