OREANDA-NEWS. On April 27, 2007 the Raiffeisen International network banks — Raiffeisen Bank Aval and OJSC IMPEXBANK (Russia) — have started joint provision of the express money transfers service branded as "БЫСТРАЯ ПОЧТА" ("EXPRESS MAIL"), reported by PR services of the banks, reported the press-centre of  Raiffeisen Bank Aval.
OJSC IMPEXBANK is the owner of the registered brand "БЫСТРАЯ ПОЧТА", and Raiffeisen Bank Aval is the settlement bank for this money transfer service. Raiffeisen Bank Aval has become the first bank among Raiffeisen Group network banks to introduce the given service.
Raiffeisen Bank Aval has started providing the express money transfer service "БЫСТРАЯ ПОЧТА" since 20 April in the branch, located in Kyiv, 4a Kutuzov St. Here clients may receive money transfers from Russia and other CIS countries, delivered via the system "БЫСТРАЯ ПОЧТА". At that, clients should not pay any surcharges. A commission is only to be paid by a money transfer sender. Today the commission fee makes 2% of the transfer amount.
Raiffeisen Bank Aval plans to expand a number of branches, which will provide the money transfer service "БЫСТРАЯ ПОЧТА".
At the time being, online money transfers branded as "БЫСТРАЯ ПОЧТА" are provided by 125 banks-partners in Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kirghizia, Moldova, Russia, Tadzhikistan, Uzbekistan and Ukraine. The number of outlets, which provide this service, as at 20 April 2007 amounted to 2,160, and it continues to grow.
Raiffeisen Bank Aval, founded in March 1992 as JSPPB Aval, is one of the largest Ukrainian banks and takes leading positions on Ukraine’s banking market by a number of key performances. As at 1 January 2007, the Bank’s net assets were UAH 28 billion, the loan and investment portfolio amounted to UAH 20,8 billion. Raiffeisen Bank Aval’s regional network consists of above 1,300 branches in large cities, oblast and regional centers, towns and villages throughout Ukraine. A major of them provide a full range of standard and innovative banking services to private and corporate clients as well as to small and medium business.
OJSC IMPEXBANK, founded in 1993, is a universal commercial bank. OJSC IMPEXBANK ranks 28th among largest Russian banks in terms of assets by 2006 results ("Interfax-CEA"). According to RBK Rating, the bank takes 4th place by loans to small businesses. IMPEXBANK has a ramified sales network, including 203 offices, about 400 consumer loaning points and above 500 ATMs.
Raiffeisen Bank Aval and OJSC IMPEXBANK are subsidiaries of Raiffeisen International Bank-Holding AG (Raiffeisen International), which operates one of the leading banking networks in CEE with subsidiary banks and leasing companies in 16 markets. More than 12 million customers are served through more than 2,800 business outlets. Representative offices in Lithuania and Moldova complement the Group's presence in the region. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB), which owns 70 per cent of the common stock. The remaining 30 per cent is free float, the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group. Raiffeisen International Bank-Holding AG acts as the RZB Group's steering unit for the banking and leasing subsidiaries in CEE.