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Raiffeisen International awarded Best Banking Group in CEE
11 July 2005
Euromoney, the renowned British finance magazine, has chosen Vienna-based Raiffeisen International Bank-Holding AG (Raiffeisen International) together with its major shareholder Raiffeisen Zentralbank Österreich AG (RZB) as Best Bank in Central and Eastern Europe (CEE). In addition, Raiffeisen International received three country awards for Albania, Belarus as well as Serbia and Montenegro and RZB received the award for Austria. The "Euromoney Awards for Excellence" are decided by the magazine's editors, the official award ceremony will take place in London later this month.
Raiffeisen International received the Best Bank in CEE award from Euromoney already in 1999, last year it was chosen by Euromoney the Most innovative Bank in CEE. Herbert Stepic, CEO of Raiffeisen International and Deputy Chairman of RZB, said, “We consider this popular award as recognition of our strategy and our commitment to the region. It also acknowledges Raiffeisen International's very successful Initial Public Offering earlier this year.”
Best Bank in Albania
Raiffeisen Bank Sh.A. was awarded the title Best Bank in Albania. It was acquired by Raiffeisen International in 2004 and since then modernized and restructured. The bank started last year to service in addition to retail clients also SME and corporate customers.
Best Bank in Belarus
Priorbank JSC was awarded the title Best Bank in Belarus. Priorbank joined the Raiffeisen International Group in 2003 and is the country’s third largest bank. It is a market leader in the card business and introduced EBRD and IFC co-financing lines for SME.
Best Bank in Serbia and Montenegro
Raiffeisenbank a.d. has commenced operations only in 2001 and was decorated the country's Best Bank in Serbia and Montenegro already for the fourth consecutive year. Raiffeisenbank is the largest bank of the country in terms of assets and the market leader in deposits and loan volumes.
RZB - Best Bank in Austria
Raiffeisen International’s major shareholder, RZB, received for the first time from Euromoney the award for being the Best Bank in Austria. RZB, the central institution of the Raiffeisen Banking Group, the largest banking group in Austria, has displayed dynamic growth in assets, profitability and market share.
Raiffeisen International is the steering unit for the subsidiaries of Raiffeisen Zentralbank Österreich AG (RZB) in Central and Eastern Europe (CEE). Its shares are traded on the Vienna Stock Exchange. RZB owns 70 per cent, the balance is free-float. Raiffeisen International operates the leading banking network in CEE with 15 Network Banks and 14 leasing companies in 16 markets. More than 5.2 million customers are served via approximately 950 business outlets.
