ZAO Raiffeisenbank Russia was awarded the title «Best Foreign Bank 2011» by the renowned banking portal www.banki.ru during their annual «Bank of the Year» awards ceremony.
Winners were selected by the portal’s users in a two-stage vote. In a first stage, the users voted for the best banks of the last year in various categories, which resulted in the selection of the top three banks in each category. In the second stage, a panel of eight experts named the winner in each category. The panel was composed of seven portal users (chosen from the 50 most active users) and a www.banki.ru representative.
«This award is a further evidence of our high-class customer service and also of the quality of our products and services», said Sergey Monin, Chairman of the Board of ZAO Raiffeisenbank
With a network of 192 business outlets, Raiffeisen is represented in 45 regions of the Russian Federation. ZAO Raiffeisenbank was founded in 1996. «The award «Best Foreign Bank 2011» received by Raiffeisenbank Russia is a confirmation of our entrenchment in Central and Eastern Europe, which we think will remain the most important European growth region. The recognition is an incentive to continue our ongoing efforts to offer our customers the tailor-made financial services they require,» said Herbert Stepic, CEO of Raiffeisen Bank International AG.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 10th among the Russian banks in terms of assets, based on 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 8th with regard to consumer lending.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Around 60,000 employees service about 13.7 million customers through around 2,900 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.