Slide 1 June 2008

Karl Sevelda, Member of the Board

Banking considerations for foreign investors in Albania

Slide 2 June 2008

Raiffeisen Banks557 Raiffeisen Banks, 1,695 Affiliated Branches

Regional Raiffeisen Banks8 Regional Raiffeisen Banks, Zveza Bank

The Raiffeisen Banking Group: Three-tier structure

Interests in Austrian

Financial Institutions

Insurers, Investment Fund Companies, Finance Leasing Companies, Building Society,

Raiffeisen Centrobank,Kathrein&Co., Nationalbank,

Kontrollbank, VISA, Europay, etc.

The Network in Central

and Eastern Europe

Raiffeisen International (Shareholders: 68.5% RZB,

31.5% Free Float)

Network Banks,

Leasing Companies,

Other Subsidiaries

Other Foreign Branches, Offices and

Equity Participations

Branches,

Representative Offices,

Banks

Specialist Companiesand Back-Office Companies

Payment Transfer and

Securities Settlers,

IT Companies, Real-Estate

and Trading Companies,

Private Equity Company, etc.

Slide 3 June 2008

RZB Group one of the world's 100 biggest banks delivering strong figures

RZB GROUP

31/12/2007 31/12/2006

Assets (€ bn) 137.4 115.6

RoE before tax (%) 22.2 21.5

Profit before tax (€mn) 1,485 1,286

Customers (mn) 13.6 >12

Staff 61,351 55,434

Outlets 3,036 2,866

> 14 million customers

> 61,000 employees

> 3,000 outlets

36 markets

1 group

Slide 4 June 2008

Asset growth of RZB AG and RZB Group

13.1

23

13.2

33

13.4

49

14.5

50

15.3

20

17.7

78

19.8

67

22.1

09

24.4

37

28.8

86

36.4

68

44.5

84

46.4

05

56.0

53

67.8

64

93.8

64 115.

629 13

7.40

2

0

20.000

40.000

60.000

80.000

100.000

120.000

140.000

Development of total assets of RZB AG and RZB Group in € mn

RZB AG RZB Group

Slide 5 June 2008

Local ranking by total assets

# 1 Albania, Raiffeisen Bank# 1 Serbia, Raiffeisen banka# 2 Bosnia and Herzegovina, Raiffeisen Bank Bosna

i Hercegovina# 2 Kosovo, Raiffeisen Bank Kosovo# 2 Ukraine, Raiffeisen Bank Aval# 3 Belarus, Priorbank # 3 Bulgaria, Raiffeisenbank (Bulgaria)# 3 Romania, Raiffeisen Bank# 3 Slovakia, Tatra banka# 4 Croatia, Raiffeisenbank Austria# 5 Czech Republic, Raiffeisenbank & eBanka# 6 Hungary, Raiffeisen Bank# 7 Russia, Raiffeisenbank Austria & Impexbank

(largest international banking group)# 10 Slovenia, Raiffeisen Banka# 12 Poland, Raiffeisen Bank Polska

THE SUCCESS STORY

Picture: HO RB Albania

Slide 6 June 2008

RB Albania

2004 2007 Difference in %

Total assets: EUR 1,647 mln EUR 1,947 mln + 18.8%

Total loans: EUR 7.5 mln EUR 486 mln + 6,380.0%

Total liabilities: EUR 1,605 mln EUR 1,860 mln + 15.9%

Number of employees 1,026 1,373 + 33.8%

Number of branches 84 96 + 14.3%

Number of customers 300,644 552,193 + 83.7%

Debit cards 6,666 183,565 + 2,653.8%

ATM 31 154 + 396.8%

POS N/A 353 n.a.

Slide 7 June 2008

International Desk Concept

Account opening services Working Capital Finance Financing long-term investments Financing acquisitions and/or start-ups Cash management services Trade Finance (L/C, L/G etc.) Export Finance with export promotion programs Project & structured finance/Real Estate Investment products Leasing / Factoring Personal banking services for customers' employees FX Business

15 MARKETS, ONE SERVICE LEVEL

Slide 8 June 2008

Other value adding services English speaking staff

Mrs. Adriana Jorgji/ Head of Int. Desk Albania

Tel.: +355 4 2222 669 – 2545

adriana.jorgji@raiffeisen.al

Contacts to local authorities

Referral of CPAs and law firms

Support in founding a business

Search of suitable production sites and objects

Subsidy programmes

Networking and lobbying15 MARKETS, ONE SERVICE LEVEL

Slide 9 June 2008

Albania – A lot of room/need to catch up!

GDP per capita (at PPP) in % of EU-27 avgSource: wiiw, Raiffeisen RESEARCH

0%10%20%30%40%50%60%70%80%90%

100%110%

PL

HU

CZ SK SI

RO

BG

HR

RS

BA AL

RU

UA BY

CE SEE CIS2000 2007

Portugal

GreeceSpain

Slide 10 June 2008

High GDP growth rates

Albania real GDP growth (% yoy)

0

1

2

3

4

5

6

7

8

2000 2001 2002 2003 2004 2005 2006 2007 2008e 2009f 2010f 2011f 2012f

Source: Raiffeisen RESEARCH

Slide 11 June 2008

To be considered for investors …

Standard of legal system/ Independency of justice

Bureaucratic procedures (registration of land ownership, approval of construction permissions, etc.)

Lack of infrastructure (Poor roads, electricity/ power cuts, ..)

Low Standard of Social System

Slide 12 June 2008

Positive factors to be considered

Upcoming privatization process High GDP growth rates Efforts to reduce administrative obstacles Fast registration of business (8 days) 10% corporate tax Signed Double Taxation Agreement with

Austria (in force by 2009/01/01)

Slide 13 June 2008

Thank you for your attention!