Global Finance, the esteemed financial sector magazine, awarded the title «Best Bank in Central and Eastern Europe 2009» to Raiffeisen Zentralbank Osterreich AG (RZB) together with its subsidiary Raiffeisen International Bank-Holding AG. This marks the fourth time in a row — and the sixth time in seven years — that Raiffeisen has won this prestigious award for its banking activities in the region. At the same time, Global Finance also honored the Raiffeisen network banks in Bosnia and Herzegovina (Raiffeisen Bank d.d. Bosna i Hercegovina), Kosovo (Raiffeisenbank Kosovo J.S.C.), Serbia (Raiffeisen banka a.d.) and Slovakia (Tatra banka a.s.) as the «Best Banks» in their local markets. RZB had already been awarded Global Finance’s «Best Bank in Austria» distinction in February 2010.
«Global Finance’s «Best Bank in CEE» award underlines once more our leadership role in the region’s banking sector. That fact that we received this award against the backdrop of the global economic crisis makes it all worth all the more,» stated Walter Rothensteiner, RZB’s CEO and Chairman of Raiffeisen International’s Supervisory Board.
«The confidence that our customers place in us has been and remains the measure of success that matters most for us. We are proud that Global Finance has once again recognized our group’s great success in addressing and meeting the needs and wishes of its more than 15 million customers,» stated Herbert Stepic, CEO of Raiffeisen International and Deputy Chairman of RZB.
Raiffeisen International’s network banks in both Bosnia and Herzegovina and in Serbia received Global Finance’s «Best Bank» awards for the seventh consecutive time, while Tatra banka in Slovakia garnered this distinction for the ninth time in the bank’s history.
In Bosnia and Herzegovina, Raiffeisen International’s balance sheet total of € 2.3 billion at the end of 2009 ranked it first in the local banking sector, with a market share of around 20 per cent. The bank is represented throughout Bosnia and Herzegovina with 101 business outlets and services nearly 716,000 customers.
In Kosovo, Raiffeisen International operates 51 branch outlets and reported a balance sheet total of € 672 million at the end of 2009, making it Kosovo’s second-largest bank. During 2009, its customer base increased by one fifth to nearly 277,000. The bank also successfully defended its leading position in the segment of small and medium-sized enterprises.
In Serbia, Raiffeisen International was the first foreign bank to enter the country following the political changes in late 2000 and began its operations in mid-2001. At the end of 2009, it ranked as the country’s second-largest bank, with a balance sheet total of € 2.8 billion. The bank services around 586,000 customers via its network of 101 business outlets.
In Slovakia, the balance sheet total of Raiffeisen International’s subsidiaries stood at € 9.3 billion at the end of 2009, making it the third-largest bank in Slovakia. The bank’s branch network consists of 152 outlets, through which it services 742,000 customers. Tatra banka is listed on the Bratislava Stock Exchange.
Raiffeisen Zentralbank Osterreich AG (RZB) is the central institution of the Austrian Raiffeisen Banking Group, the country’s 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 via its branches and representative offices.
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 group’s more than 56,500 employees service 15.1 million customers via 3,000 business outlets
Global Finance is a monthly magazine founded in 1987 with the aim of helping corporate leaders, bankers and investors chart the course of global business and finance. The magazine, which is headquartered in New York, has a circulation of more than 50,000 and readers in 163 countries.