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01.04.05

RZB Group and its Network Banks selected as «Best Treasury and Cash Management Bank» in Central and Eastern Europe.

Raiffeisen Zentralbank Oesterreich AG (RZB) and its Network Banks wereselected as"Best Treasury and Cash Management Bank" in Central andEastern Europe (CEE) by Global Finance magazine. Global Financepublished the rankings in its current issue. With input from leadingindustry analysts, corporate executives and technology experts GlobalFinance based the rankings on factors like market leadership, customerservice, competitive pricing, and innovative technologies. For the firsttime CEE was represented as a single region. RZB won six out of sevencategories for the region including:

  • Best Overall Bank for Cash Management
  • Best Bank for Liquidity/ Working Capital Management
  • Best Provider of Money Market Funds
  • Best Bank for Risk Management
  • Best Bank for Cross-Border Pooling and Netting
  • Best Bank for Payments and Collections

In todays competitive global economic environment, treasurers need the best tools and advice available to make capital work harder than ever explains Global Finance publisher Joseph D. Giarraputo. The winners consistently improve transaction processes to speed collections and reduce risks, he says after the decision of the jury.

Global Finance magazine has more than 250,000 readers in about 160countries, including chairmen, presidents, CEOs, CFOs, treasurers andother financial officers responsible for making investments andstrategic business decisions for large global companies and financialinstitutions. Global Finance targets most of the 8,000 key portfolioinvestors who control over 80 per cent of all assets under professionalmanagement.

Raiffeisenbank Austria, ZAO is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International isa fully consolidated subsidiary of RZB and a member of the RZB Group,minority interest is held by International Finance Corporation (IFC) andthe European Bank for Reconstruction and Development (EBRD). RaiffeisenInternational is the holding company for Raiffeisen Group most importantsubsidiaries in Central and Eastern Europe (CEE). RZB-Austria is thecentral institution of the Austrian Raiffeisen Banking Group, thecountry''s most powerful banking group.

Raiffeisenbank Austria, ZAO is one of the largest Russian banks (isranked 11th in terms of net assets and profit, based on 2004 year-endresults, CEA Interfax). Moody''s Interfax Rating Agency has assigned thelong-term national scale credit rating to Raiffeisenbank Austria, ZAO atAaa (rus) and the short-term rating at RUS-1. Moody''s Investors Servicealso assigned the following ratings to the Bank: D Financial StrengthRating (FSR), Ba1 long-term and NP short-term foreign currency depositratings.

 

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