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09.07.09

Euromoney recognises Raiffeisen as «Best Bank in CEE»



  • Regional award for CEE goes to Raiffeisen for the fifth year in a row
  • RZB honoured as Best Bank in Austria
  • Raiffeisen banks in six CEE countries win local Best Bank awards

The esteemed British financial magazine Euromoney held its annual Award for Excellence reception yesterday evening in London. At the event, Raiffeisen Zentralbank Osterreich AG (RZB) together with its CEE subsidiary Raiffeisen International Bank-Holding AG received the Best Bank in Central and Eastern Europe (CEE) award, marking the fifth year in a row that Raiffeisen has won the publications prestigious regional award. At the same time, RZB was honoured as Best Bank in Austria and six out of Raiffeisen Internationals 15 network banks in CEE received the Best Bank award in their respective countries, namely Albania, Belarus, Bosnia and Herzegovina, Kosovo, Serbia and Ukraine.

These awards are a sign of the trust placed in the course our Group has taken and represent important recognition of our achievements. In times like these, that trust and recognition are even more valuable than in previous years, said Walter Rothensteiner, CEO of RZB and Chairman of Raiffeisen International's Supervisory Board. We always try to live up to our customers needs and expectations, especially in difficult times. These awards show that it is not only our almost 15 million customers who value our efforts, added Herbert Stepic, CEO of Raiffeisen International and Deputy Chairman of RZBs Managing Board.

Euromoney's Best Global Bank title was awarded to HSBC, while Spain's Santander was recognised as the Best Bank in Western Europe.

Austria

Raiffeisen Zentralbank Osterreich AG was once again honoured as Best Bank in Austria. RZB is the central institution of the Austrian Raiffeisen Banking Group, the largest banking group in the country, and its balance sheet total of 157 bn at the end of 2008 makes RZB Austria's third-largest bank on an individual basis.

Albania

Euromoney selected Raiffeisen Bank Sh.a. as the Best Bank in Albania for the fifth time in a row. The bank, which has been owned by Raiffeisen International since 2004, had a balance sheet total of 2 bn at the end of 2008, making it the largest bank in Albania.

Belarus

Priorbank, OAO won the Best Bank in Belarus award for the second year in a row. A part of the Raiffeisen International group since 2002, Priorbank had a balance sheet total of 1.6 bn at the end of 2008, ranking it third in Belaruss banking market and making it the countrys largest privately-owned bank.

Bosnia and Herzegovina

For the third time in a row, Euromoney honoured Raiffeisen Bank d.d. Bosna i Hercegovina with the title Best Bank in Bosnia and Herzegovina. The banks balance sheet total of 2.4 bn at the end of 2008 made it the largest bank in the country.

Kosovo

Raiffeisen Bank Kosovo  J. S.C won the Best Bank in Kosovo award for a second year running. The bank, which was acquired by Raiffeisen International in 2002, had a balance sheet total of 598 mn at year-end 2008 and is Kosovo's second-largest bank.

Serbia

Since its founding in 2001, Raiffeisen banka a.d. has always won Euromoneys Best Bank in Serbia award  this year, for the eighth time. With a balance sheet total of 2.9 bn at the end of 2008, Raiffeisen banka is the third-largest bank in Serbia.

Ukraine

VAT Raiffeisen Bank Aval was recognised as Best Bank in Ukraine. With a balance sheet total of 6.3 bn at year-end 2008, Raiffeisen Bank Aval has the second-largest market share in the Ukrainian banking market.


Raiffeisen Zentralbank Osterreich AG (RZB) is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group. It is a leading corporate and investment bank in Austria and also considers Central and Eastern Europe (CEE) as its home market. RZB is the only Austrian bank with a global network of business units reaching all important finance centres around the globe. It is also present in Asia, with branches and representative offices in nine locations.

Via listed subsidiary Raiffeisen International Bank-Holding AG, RZB operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The groups nearly 62,000 employees service 14.9 million customers via more than 3,200 business outlets.

Euromoney is one of the world's leading monthly publications for the global banking, finance and capital markets. Its Awards for Excellence, now in their 18th year, recognise the best-performing financial institutions in every significant financial market and product sector, as well as the leading banks in well over 100 countries. www.euromoney.com

 

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