Treasury Management International selects the world’s best banks for “Excellence in Risk Management 2005”
Raiffeisen Zentralbank Oesterreich AG (RZB) was chosen as“Best Bank Risk Management – Eastern Europe 2005” by a reader poll of the prestigious trade magazine Treasury Management International (TMI).
Walter Rothensteiner, Chairman of the Managing Board of RZB, comments:“We are very proud of winning this award which was voted for by members of the European Association of Corporate Treasurers and other treasurers in 52 countries. It recognizes RZB''s commitment to delivering innovative risk management solutions in the treasury arena.”
“Treasury should not be the brakes on business, but the gear-box, converting flows into the form required", explains Patrick Butler, BoardDirector at RZB, responsible for Investment Banking and Treasury."Creating a range of exciting products, we tap the full diversificationpotential in terms of risk management. We also offer this expertise toour customers, enabling them to participate in the attractive growthmarkets of Central and Eastern Europe.”
As a universal bank with more than 45,000 employees worldwide, and abalance sheet of around EUR 80 billion, approximately half of which isin Central and Eastern Europe (CEE), RZB places great emphasis onmonitoring and controlling exposures, and capping market risk.
“This is a tribute to the competence of RZB’s team and the progress they have made in building the appropriate infrastructure, in particular, within the CEE region”, says Robin Page, CEO of TMI. “The 2005 award clearly demonstrates that RZB are getting it right in the eyes of the treasurer.”
The award will be presented at a ceremony in London in December.
Raiffeisen Zentralbank Oesterreich AG (RZB) is the central institutionof the Austrian Raiffeisen Banking Group, the country''s most powerfulbanking group. It is a leading corporate and investment bank in Austriaand also considers Central and Eastern Europe (CEE) as its home market.Via listed subsidiary Raiffeisen International Bank Holding AG(Raiffeisen International), it operates the leading banking network inCEE with 16 subsidiary banks and numerous finance leasing companies in16 markets. 9.2 million customers are served via 2,400 business outlets.
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