lso, country awards are received for Raiffeisen network banks in Albania, Belarus, Bosnia and Herzegovina, Rumania and Serbia and Montenegro.

Between 4 and probably 21 April, a total of up to 29.8 million ordinary bearer shares with no par value will be offered in an Initial Public Offer (IPO) in Austria and abroad.

The group managed by Raiffeisen International Bank-Holding AG (RI), a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Österreich AG (RZB), earned profit before tax of € 342.2 million in the business year 2004.

Raiffeisenbank has decreased the initial interest rates to 5,8% p.a. for Micro business loans in Euro and US dollars secured by mortgage.

The bank has registered a record high assets growth of 137% reaching BGN 2 Bio Profit after tax totaled BGN 24.5 Mio, indicating a strong 77% growth in 2004.

5.8% is the initial annual interest rate for the first year and 8.5% for the rest term of the loan maturity.