CONGRATULATIONS TO RAIFFEISENBANK

Belgrade, November 17, 2005 - His Royal Highness Crown Prince Alexander II extended his congratulations to Mr. Budimir Bosko Kostic, the Chief Executive Officer of the Raiffeisenbank in Serbia and Montenegro, on the forth anniversary of the bank’s presence in our country.

“The growing number of your clients and recommendations which follow the work of your bank and your employees clearly speak about your success and popularity,” Crown Prince Alexander II said in his letter, wishing the bank even more successful future.