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Raiffeisen International übernimmt Abwicklungszentrum in der Ukraine


30 August 2005

Raiffeisen International acquires the Ukrainian Processing Center

 

Vienna-based Raiffeisen International Bank-Holding AG (Raiffeisen International) has concluded negotiations to buy 100 per cent of the Ukrainian Processing Center (UPC) from its current owners. In accordance with an agreement between the two parties, the purchase price will not be disclosed.

Heinz Wiedner, Chief Operating Officer of Raiffeisen International, commenting on the deal said: “This purchase provides us with the technical ability to support our regional card business expansion in a cost efficient and high quality manner. It complements well our existing strategy to centralise card processing for the group and creates further economies of scale.” Aris Bogdaneris, Board Member for retail banking, added: “The development of card products remains a top priority in our retail banking strategy.”

Payment-card transactions are a rapidly growing market in Ukraine. According to the latest figures released by the National Bank of Ukraine for the first quarter of 2005, the number of transactions grew by 40 per cent compared to the same period of the previous year, with volumes growing even faster at 55 per cent.

The UPC will enhance the processing of ATM and POS transactions region wide and also providing a substantial boost to Raiffeisen International’s existing card business in Ukraine.
The UPC is an independent transaction processing center, certified by major international financial corporations like Visa International, MasterCard, American Express, and Diners Club. The company was founded in 1997 with the aim of supporting the development of international and local non-cash payment systems. It serves 32 Ukrainian banks.

The UPC’s main activities include the authorisation of international and local payment cards transactions, technical support of POS-terminals, ATM network development and management, as well as regional interbank clearing.

 

Raiffeisen International is the steering unit for the subsidiaries of Raiffeisen Zentralbank Österreich AG (RZB) in Central and Eastern Europe (CEE). Its shares are traded on the Vienna Stock Exchange. RZB owns 70 per cent. The balance is free-float, including shareholdings of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) of about three per cent each. Raiffeisen International operates the leading banking network in CEE with Network Banks and leasing companies in 16 markets. More than 5.7 million customers are served via approximately 970 business outlets. In eight markets, the respective Network Bank ranks among the three largest local banks.


Raiffeisen International is the steering unit for the subsidiaries of Raiffeisen Zentralbank Österreich AG (RZB) in Central and Eastern Europe (CEE). Its shares are traded on the Vienna Stock Exchange. RZB owns 70 per cent. The balance is free-float, including shareholdings of the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) of about three per cent each. Raiffeisen International operates the leading banking network in CEE with network banks and leasing companies in 16 markets. More than 5.7 million customers are served through almost 1,000 business outlets. Last week Raiffeisen International announced the acquisition of a 93.5 per cent stake in Aval Bank, the Ukraine’s second-largest bank. The acquisition is subject to approval of the National Bank of Ukraine and other relevant authorities in Ukraine and Austria.

Susanne Langer

Head of Group Investor Relations
Spokesperson
Am Stadtpark 9
1030 Vienna, Austria
Tel: +43-1-71 707-2089
Fax: +43-1-71 707-2138
ir@rbinternational.com
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