02.12.2006 /Events
 Top managers of IMPEXBANK and Raiffeisen International Bank-Holding AG to hold a meeting with heads of regional branches
 Executives of IMPEXBANK and Raiffeisen International Bank-Holding AG held a meeting with heads of regional branches of IMPEXBANK. During this meeting heads of regional branches took a look at main preparatives, carried out in the both banks.
When opening the meeting, Pavel Lysenko, The Chairman of the Management Board of IMPEXBANK, informed heads of regional branches of the Bank on changes in the management and organizational structure of IMPEXBANK. He told that the Chairman of the Supervisory Board (Board of Directors) of IMPEXBANK is Mr. Herbert Stepic, moreover it includes five representatives from the Austrian party and Mr. Dmitry Eropkin from the Russian party. Dwelling upon financial figures of IMPEXBANK, Pavel Lysenko noted: «As of 1st half-year 2006 the Bank ranks 4th in terms of assets (Interfax-CEA) and is in top ten leading credit organizations in terms of customer credits. The Bank's assets amount for 59,4 billion roubles, thus we are planning to increase assets by about 25 percent by the end of 2006 . The biggest share in the structure of assets is a credit portfolio, evenly diversified between retail, SME and large corporates. In the short term IMPEXBANK is planning to enlarge its network of branches. Within the first half-year the Bank has opened 17 points of sales in Moscow and 7 points of sales in regions. In the second half-year opening of 2 points of sales in Moscow and 8 points in regions is planned.  Addressing the meeting of regional heads with corporate business overview, Aleksey Korovin, Deputy Chairman of the Management Board of IMPEXBANK confirmed that SME financing still remains one of the most important trends in the Bank's strategy. Aleksey Korovin emphasized the growth of SME credit portfolio that has increased by 48,2 million US dollars from the beginning of year and reached 322,7 million US dollars as of 01/08/06. He focused on regional branches that issue 94% credits for SME. Among the leading regions on SME credit portfolio there were noted: Rostovsky, Orlovsky, Briansky, Essentuksky, Volgogradsky, Blagoveshchensky, Irkutsky etc. It was mentioned that one of the most important activities of the bank is cooperation with large corporates, provided with individual schemes and techniques for business development. The scope of credits for this segment amounts for 475 million US dollars as of the end of July 2006. Mr Korovin dwelt upon main principles of the Bank's credit policy and its priorities while financing corporate clients. Aleksey Korovin devoted particular part of his speech to such banking products as project finance, documentary operations, collection payments, acquiring, leasing and money transfer system «Bystraya Pochta». Starting with regional network development outlook, Elmira Tikhonicheva, Deputy Chaiman of the Management Board, told that IMPEXBANK is planning to raise effectiveness and considerably enlarge its retail distribution network. Expansion of coverage has always been one of the major priorities for IMPEXBANK. Working in this direction, the Bank still focuses on consumer credit development. In the short term the merged bank will concentrate on consumer credits, mortgage loans and autocredits, with the further expansion in the segment of retail banking with the whole range of products in every region. When creating new retail products, IMPEXBANK and Raiffeisenbank will be geared to various consumer segments. It was mentioned that for the moment credit portfolio development complies with plan. Among the leading IMPEXBANK branches on retail portfolio increment for the first half-year 2006 there were indicated: Belgorodsky, Brinasky, Volgo-Viatsky, Volgogradsky, Essentuksky, Ivanovsky, Izhevsky, Kaluzhsky, Rostovsky, Taganrogsky. To sum up, executives of Raiffeisen International Bank-Holding AG stated that having acquired IMPEXBANK, Raiffeisen International gains status of the biggest foreign banking group in the CIS. Russia possesses great economic capacity and remains one of priority markets for further development of Raiffeisen International group.
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