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Raiffeisenbank (Bulgaria) is Best Debt House in Bulgaria
31 July 2006
Raiffeisen International is Best Bank in CEE
The renowned British financial magazine Euromoney has named Vienna-based Raiffeisen International Bank-Holding AG together with its parent company Raiffeisen Zentralbank Österreich AG (RZB) as Best Bank in Central and Eastern Europe (CEE) for the second year running.
In addition, Raiffeisen International also received “Best Bank” country awards for its network banks in Albania, Belarus, Bosnia and Hercegovina, Serbia as well as in Ukraine, while RZB received the award for Best Bank in Austria. Furthermore, the network bank in Bulgaria was awarded Best Debt House in the country. Euromoney said that Raiffeisen International’s “strategy of being a pioneer in markets where many fear to tread has already proved fruitful.” The "Euromoney Awards for Excellence" are decided by the magazine's editors. “Raiffeisen´s success in claiming the award for the second year running is largely attributable to its leadership of the continued thrust eastwards”, Euromoney added.
Raiffeisen International and RZB received the Best Bank in CEE award from Euromoney in 1999 and 2005. Herbert Stepic, CEO of Raiffeisen International and Deputy CEO of RZB, said, "We take this award with pride, as we consider this prestigious award a recognition of our strategy and our pioneering role in the region. We have underlined both with our two latest acquisitions, Bank Aval in Ukraine and Impexbank in Russia. As a result Raiffeisen is the largest Western bank in the CIS."
Best Bank in Albania
Raiffeisen Bank Sh.A. was awarded the title Best Bank in Albania again as in 2005. It was acquired by Raiffeisen International in 2004 and is by far the largest bank in the country with 44 per cent of all deposits.
Best Bank in Belarus
Priorbank JSC was awarded the title Best Bank in Belarus for the second year running. Priorbank joined the Raiffeisen International Group in 2003 and is the country’s third largest bank. It provides modern retail banking services and is the market leader in the local credit card market.
Best Bank in Bosnia and Hercegovina
Raiffeisen Bank d.d. Bosna i Hercegovina was awarded the title Best Bank in Bosnia and Hercegovina.
It has grown very fast in the past year with a 25 per cent increase in retail loans and SME lending up by 30 per cent.
Best Bank in Serbia
Raiffeisenbank a.d. only commenced operations in 2001 and has now been decorated with the Best Bank in Serbia award for the fifth consecutive year. It is the largest bank in the country in terms of assets and the market leader in deposits and loan volumes. Its assets grew by 61 per cent in 2005.
Best Bank in Ukraine
JSPP Bank Aval was awarded the title Best Bank in Ukraine. Bank Aval was acquired by Raiffeisen International in 2005. It is the leading retail bank in the country with a branch network of more than 1,373 outlets and serving more than 3 million customers.
RZB – Best Bank in Austria
Raiffeisen International's major shareholder, RZB, received the award for the Best Bank in Austria from Euromoney for the second time in a row. RZB, the central institution of the Austrian Raiffeisen Banking Group, has displayed dynamic growth in assets, profitability and market share. RZB has doubled its market share of the wholesale market in Austria to 25 per cent over the past five years.
Best Debt house in Bulgaria
Raiffeisenbank (Bulgaria) EAD was awarded the title Best Debt house in Bulgaria. Raiffeisenbank is the undisputed leader in terms of total number of newly issued corporate and mortgage bonds (41 per cent market share) and in terms of the total volume of locally issued and placed corporate and mortgage bonds (57 per cent market share). During 2005, the Bank structured and arranged 16 new debt transactions amounting to € 155 million.
