News

From 15 February 2006, Raiffeisen Bank has announced the withdrawal on the market a new product - a credit card with a grace period. Until now, a credit card with a grace period offered selectively and only to existing customers on a pre-approved credit limit. At the initial stage of the product will be offered in Moscow during the 2006 scheduled launch of credit cards on location of regional branches of Raiffeisenbank.

In 2006, Raiffeisen Bank will continue to issue credit cards are already existing customers, but will also offer credit cards on a pre-approved credit limit. Thus, it is planned that during 2006, all clients of the Bank of Moscow will be a proposal to open a credit card. In addition, Raiffeisen Bank will be actively offering credit cards to new customers.

«Raiffeisenbank to credit cards are a strategically important product, which in future will contribute to a significant increase in the loan portfolio and further expand its customer base», - noted Johann Yonah, chairman of the board of Raiffeisenbank. «Credit cards are beneficial supplement the basic line of credit products for individuals. We are planning further dynamic development of retail business in Russia, particularly in connection with the recent acquisition of Impexbank to our shareholder, Raiffeisen International ».

main advantages of credit cards Raiffeisenbank are:

• freedom of choice that receives the client - a choice of payment system (Visa or MasterCard), card type (classic or gold), the currency of the card (rubles or U.S. dollars);

• first-class quality of service, which Raiffeisenbank traditionally paid special attention;

• the opportunity to build credit history with the bank, which offers all types of lending, as well as in conjunction with a credit card is issued other types of consumer loans.