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May 1, 2008updated 12 Apr 2017 4:45pm

Raiffeisen unit sets up Madrid office

Raiffeisen Zentralbank Osterreich AG (RZB), a member of the Raiffeisen banking group, has established a representative office in Spain, according to ENP Newswire. The primary goal of our new representative office in Madrid is to enable us to service those Spanish business customers who wish to take advantage of RZBs network in Central and Eastern Europe, explained RZBs CEO Walter Rothensteiner

By Verdict Staff

Raiffeisen Zentralbank Osterreich AG (RZB), a member of the Raiffeisen banking group, has established a representative office in Spain, according to ENP Newswire.

“The primary goal of our new representative office in Madrid is to enable us to service those Spanish business customers who wish to take advantage of RZB’s network in Central and Eastern Europe,” explained RZB’s CEO Walter Rothensteiner. “Spanish banks do not yet have a significant presence in this region. We will therefore bring Europe’s fastest-growing markets closer to Spain.” RZB is present in six Western European financial centres.

“These offices have established themselves as the primary point of contact for clients seeking to do business in Central and Eastern Europe (CEE). Spain will be the seventh bridgehead,” said Herbert Stepic, deputy CEO of RZB, responsible for international business.

The representative office will be headed by Claudio Novack Diez, a Spaniard with over 25 years of experience in international banking.

RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group. It is a leading corporate and investment bank in Austria and also considers Central and Eastern Europe (CEE) as its home market. RZB is the only Austrian bank with a global network of business units reaching all important finance centres around the globe. It is also present in Asia via its branches and representative offices.

Via listed subsidiary Raiffeisen International Bank-Holding AG, RZB operates one of the largest banking networks in the CEE. 17 markets are covered by subsidiary banks, finance leasing companies and a number of other financial services providers. About 14 million customers are attended to through more than 3,000 business outlets.

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