Impexbank was founded in 1993 and its business focus lies primarily on the retail banking field. The bank operates 190 branches as well as 350 offices throughout Russia. As of December 2005, Impexbank had total assets of EUR 1.6 billion and a profit before tax of EUR 26.1 million. The number of employees amounted to 5,116 at the end of 2005.

Having fulfilled all the necessary formalities, Raiffeisen International is now the leading foreign banking group in Russia. The purchase price amounted to USD 550 million (subject to a revaluation of the real estate assets), which will be due in two tranches.

Based on an in-depth market assessment, Raiffeisen Investment advised Raiffeisen International on the selection of the target and supported Raiffeisen International during the whole buy-side process especially including the due diligence phase as well as purchase price negotiations.