Euromoney has awarded Raiffeisen Bank International (RBI) as the best provider of Private Banking services in Central and Eastern Europe (CEE) for the second time in the past three years in its annual Private Banking and Wealth Management Survey. In addition, RBI achieved numerous first prizes in subcategories such as services or technology. RBI's subsidiary banks in the Czech Republic, Slovakia and Croatia also won in numerous individual disciplines.
"RBI is one of the strongest Private Banking providers in Central and Eastern Europe, and the business segment is an important pillar of our retail strategy in the region. We see the awards as a confirmation of our high-quality work. This success shows that we are on the right track to become the most recommended financial services group. We will continue our efforts on innovative investments and digital solutions as well as on one of our top initiatives – Responsible Banking," said Andrii Stepanenko, RBI's Board Member in charge of Retail Banking.
Beyond the operations in the traditionally strong CEE Private Banking Markets Czech Republic, Slovakia, Hungary, Romania, Croatia and Russia, RBI recently launched its Private Banking brand “Friedrich Wilhelm Raiffeisen” also in Serbia to express its commitment to the region even in the pandemic year of 2020.
“ We see ourselves as frontrunners in Responsible Investment, offering a wide range of products in our home market. As one of the strongest investment providers, we have a huge responsibility of guiding our clients towards investments which can shape a better future for themselves and their successors. RBI is the first Austrian banking group to have signed the UN Principles for Responsible Banking,” Stepanenko added.
During 2020, RBI’s local Private Banking operations implemented several developments in the fields of advisory and discretionary management services, remote operations or online reporting. These innovations were well accepted by clients and ultimately acknowledged by Euromoney.
Raiffeisen Private Banking serves more than 17,000 clients in total and has more than € 18 billion in assets under management. In Austria, RBI’s subsidiary Kathrein Privatbank acts as an international hub for the group’s clients in CEE.
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RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A.
Around 46,000 employees service 16.8 million customers through approx. 2,000 business outlets, the by far largest part thereof in CEE. RBI's shares are listed on the Vienna Stock Exchange. The Austrian regional Raiffeisen banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the regional Raiffeisen banks and other affiliated credit institutions.
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