Raiffeisenbank (Russia)

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Raiffeisenbank
Native name
Райффайзенбанк
Joint-stock company
Industry Financial services
Founded 1996 (1996)
Headquarters Moscow, Russia
Increase US$150.5 million (2013)
Parent Raiffeisen Bank International
Rating Ba2 (Moody's), BBB- (Fitch) (2017)[1]
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 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 assets, 5th in private deposits, and 7th in consumer lending.[2] 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.[3]

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

References[edit]

  1. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017. 
  2. ^ About Raiffeisenbank
  3. ^ https://dealbook.nytimes.com/2014/08/21/european-banks-expect-limited-impact-from-sanctions-on-russia

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