Raiffeisen Bank International is a cooperative network of financial institutions operating in 16 European countries. The main office is located in the capital of Austria. Raiffeisenbank subsidiaries operate in Russia, Ukraine and a number of other countries.

The RBI Banking Group began operations in 1927. The first name of the financial group was Genossenschaftliche Zentralbank. Only in 1989 the name was added with the word "Raiffeisen".

The Austrian group expanded its presence in Europe at the beginning of this century. According to The Banker, the international Raiffeisenbank group is among the TOP-200 largest banks in the world.

By asset size and other key indicators, subsidiaries of a financial group can be presented in the following order:

Poland:

bank assets - 13.5 billion euros;
staff - 5.5 thousand;
the number of branches is 351.
Russia:

bank assets - 12.4 billion euros;
staff - 8.5 thousand;
the number of branches is 212.
Slovakia:

bank assets - 10.2 billion euros;
staff - 3.8 thousand;
number of branches - 180.
Czech Republic:

bank assets - 8.7 billion euros;
staff - 2.7 thousand;
number of branches - 127.
Hungary:

bank assets - 6.93 billion euros;
staff - 2.2 thousand;
number of branches - 114.
Romania:

bank assets - 6.92 billion euros;
staff - 5.3 thousand;
the number of branches is 529.
Ukraine:

bank assets - 2.5 billion euros;
staff - 11.5 thousand;
the number of branches is 671.

Information as of 2014: Raiffeisenbank

Bank activities in Russia

The main office of JSC Raiffeisenbank is located in Moscow. The beginning of the activity - 1996. After the takeover of Impexbank, Raiffeisenbank issued a statement that it is the largest group of banks in the Russian Federation among those that operate within the framework of the presence of foreign capital. The officially united group began operations at the end of 2007. In the summer of 2016, Raiffeisenbank and B&N Bank entered into an agreement to merge their ATM networks.

The list of services provided by the bank in the Russian Federation is huge and focused on both individuals and enterprises. At the present stage of banking services, various remote services are offered. Thus, Raiffeisenbank online offers services through the options R-Mobile, R-Control, R-Connect and others. Since 2013, users have access to mobile services for mobile devices that operate on the iOS and Android OS.

 

Bank activity in Ukraine

In Ukraine, the bank began operating in March 1992. The financial institution was registered under the name "Aval". A year later, there were more than 10 regional branches in the country. The banks processing center was launched in 1996. On the territory of Ukraine, it was Raiffeisenbank that became the first institution to initiate the payment of funds to pensioners on plastic cards. The first pensions using bank cards were paid in 2001.

In 2002, the Ukrainian division of the bank, according to Standard & Poors, was included in the hundred best European financial institutions, and the next year it was recognized as the best bank in Ukraine. After the acquisition of a part of the banks assets (93%) by the Austrian company Raiffeisen Int in 2005, the bank was renamed into Raiffeisenbank Aval. 96.1% of the banks assets belong to the Austrian group. The bank serves over 4 million clients and offers a wide range of financial instruments for individuals, investors, legal companies and other financial institutions.

Banks competitive advantages

Raiffeisenbank serves hundreds of thousands of corporate clients, among which are individual entrepreneurs and large corporations. Working with corporate clients is one of the priorities, especially since this is facilitated by the unique experience of the financial group, accumulated over 20 years of work. A unique line of banking products that fully meet modern requirements allows meeting the needs of companies. Large businesses can count on individual support.

The principle of working with corporate and other clients of Raiffeisenbank is not only to implement the product, but also to provide a strong foundation that will allow building reliable partnerships in the future. In the future, such activities will allow for successful business development and serve as a basis for mutually beneficial cooperation in the economic sphere. This is precisely the fundamental principle on which Raiffeisenbank places particular emphasis.

Services for financial institutions and companies

The issue of payroll cards, as well as their servicing by Raiffeisenbank, is one of the priority tasks in cooperation with law firms, government organizations and institutions. Currently Raiffeisenbank cards provide comprehensive, fully automated services. Bank service allows you to get the following benefits:

minimization of costs associated with the payment of wages;
the ability to transfer funds to all employees using one transaction;
confidentiality of transactions;
free service within certain tariff packages;
comprehensive service with the ability to use accumulative programs;
the possibility of using credit funds on favorable terms.

Debit, credit and other types of payment cards

Raiffeisenbank is one of the leaders in the card business market. The financial institution is included in the list of members of international payment services, among which MasterCard International and VISA International systems occupy leading positions. On the CIS market, Raiffeisenbank cards PS American Express are presented. The bank also provides sponsorship assistance to financial institutions that wish to obtain membership in international PS. Acquiring services are provided separately.

 

Small Business Payment Cards

The bank offers the issuance of Visa bank cards for individual entrepreneurs. An entrepreneur does not need to have a current account to open an account. Among the advantages of the card are the following:

the ability to access the account regardless of the work of the financial institution;
the ability to replenish the Raiffeisenbank card in various ways, including payments from third parties;
the ability to use it as an electronic wallet for company employees (travel, flow costs, etc.) with the ability to control the business owner;
the ability to use as a means of payment around the world, both online and when used at ATMs or terminal networks.
As an additional service, clients get the possibility of insurance when traveling abroad. In addition, Raiffeisenbank cards allow you to view the account expenses by informing the client by e-mail. To set up and manage a card account, it is relevant to use Internet banking, including mobile banking.

To open a card by an entrepreneur at a Raiffeisenbank branch, it is necessary to provide statements confirming the conduct of entrepreneurial activities, as well as standard documents that are required to open an account. Detailed information can be found on the official website of the bank.

 

Correspondent relations

Raiffeisenbank implements a policy in the field of correspondent relations. The partners of the financial institution are Ukrainian and Russian banks, as well as institutions of foreign countries. The activity is carried out with institutions that are residents and non-residents.

The key service on which Raiffeisenbank online makes a special stake is the provision of services for multi-currency accounts. The service enables companies to use the entire diversified potential of the bank, which allows them to speed up financial transactions, as well as implement various projects. Processing of correspondent accounts is carried out through the central office of the bank.

Partners who open correspondent accounts with the bank can use all Raiffeisenbank branches to transfer funds. After receiving funds in branches and other offices, all funds are accumulated on the correspondent account, which is notified to the banks client in the form of a corresponding statement. Modern communication systems, which are carried out on satellite telecommunications, are a guarantee of the uninterrupted operation of the system.

The commission for financial transactions on correspondent accounts is charged in foreign currency. The interest rate is in accordance with the practice set by international standards. At the same time, when carrying out non-standard financial transactions that require additional costs, Raiffeisenbank charges additional fees. A special committee is responsible for calculating the interest rate on the balance of funds on correspondent accounts, which informs the client about changes in rates by an official letter.

Securities management

The Bank carries out all types of activities with promissory notes, corporate and government bonds, promissory notes and other securities in accordance with legal regulations. The client is the guarantor of financial transactions and other services. The list of services provided by Raiffeisenbank to corporate clients includes:

registration of transactions involving the settlement of bills between companies;
cash collection;
avalanche;
others.
Business representatives can take advantage of the placement of free cash in bonds of high liquidity. As an alternative to highly liquid bonds of the bank, clients are offered securities that are available on the market. Buying and selling financial assets can be short-term from several days to several years. Raiffeisenbank has a staff of qualified specialists who can provide clients with up-to-date information on the liquidity of certain securities.

Also, clients of a financial institution can count on documentary support of the transaction, the end of which consists in the registration of securities with the company. In addition, Raiffeisenbank can act as a payment intermediary and provide the interested party with proper storage conditions for bonds and other securities.

 

Operational management of financial flows

Today, one of the main factors that allows you to achieve success in business is the efficiency of decisions, as well as their competent implementation. Taking into account modern trends, Raiffeisenbank improves all technological solutions and provides equipment modernization. The work of a professional team, combined with modern technologies, allows a financial institution not only to provide customer service, but to do it at a high-tech level. Currently, the bank offers complex solutions for large businesses, individual entrepreneurs and private clients with different income levels.

Raiffeisenbank is a member of an international group that holds a leading position in Europe in the management of monetary operations. Such opportunities allow the bank to constantly expand the range of services and introduce the latest technologies in the CIS countries.