OREANDA-NEWS. June 05, 2007. Late in May, Raiffeisen Zentralbank Osterreich AG, Vienna, Austria held a Cash Management Days seminar for banks of the CIS countries. The Russian banking sector was represented by two banks only, namely: Vneshtorgbank and the European Trust Bank, reported the press-centre of the European Trust Bank.

“Despite the constant increase in the number of our foreign counterparts Raiffeisen remains one of the main strategic partners of the European Trust Bank, – says Olga Kubrakova, Head of International Financial Institutions attending the seminar. – We cherish the longstanding cooperation with this Austrian bank and have contacts with it in various business lines such as trade financing, dealing transactions and settlement business. This increases dramatically the efficiency of our joint activities and provides us with attractive terms and conditions”.

Natalya Shishova, Head of the Settlements Department, joined her in the seminar. In the course of the seminar representatives of Raiffeisen Zentralbank Osterreich AG introduced to participants the products and services offered by the Austrian bank to its partners in the settlement business, told them of the Euro zone settlement systems and considered some issues of compliance control.

Within the framework of the conference, Olga Kubrakova and Natalya Sishova had several meetings with representatives of Raiffeisen Zentralbank Osterreich AG to discuss further cooperation between the two banks and visited a settlement center to observe operations of the clients servicing division for Russian and the CIS countries’ banks.