Today Austrian banking group Raiffeisen Bank International AG announced that it has got its internet bank ZUNO off the ground in Slovakia. and has its targets set also on Poland and the Czech Republic in 2011.
Raiffeisen Bank International, which emerged out of the fusion of Raiffeisen International Bank-Holding AG and the banking element of its parent bank Raiffeisen Zentralbank, set up its internet banking system ZUNO to complement its retail branch network, offering better and cheaper services thanks to a solely internet base.
ZUNO will be launched also in other countries of Central Europe where Raiffeisen already has traditional bank outlets, but this is restricted only to European Union members, based on its Austrian banking license. ZUNO will deal mostly with deposit products, offering current accounts with debit cards, savings accounts, and term deposits.
The Raiffeisen group is active on 17 markets in Central and Eastern Europe and it is the No. 2 on the market after UniCredit SpA from Italy.