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.
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“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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