“The results for the third quarter are excellent and we are particularly satisfied with the fact that Raiffeisenbank is increasing its market share while at the same time improving its efficiency ratios."

The € 200 million in new capital will support the growth of Raiffeisen International’s business in Central and Eastern Europe.

The interest rate for the first year of the credit is 7.50% p.a. for mortgage loans in Euro. The new maximum period for re-payment is 25 years. The customers receive as an extra bonus free of charge Life insurance.

The maturity of the bond is 5 years and pays out a semi-annual coupon of 7.00% p.a. The nominal value of a single bond is EUR 1000. This is the second corporate bond, issued by Commercial bank Unionbank AD.

Following an increase of 3.5 per cent in 2002, the balance sheet total grew by 10.1 per cent to € 572 billion in 2003.

The loans will be granted at very competitive conditions, for a term of up to 12 months and will finance working capital needs.