Raiffeisen Bank International receives CEE award for the sixth time in a row
â€œBest Bankâ€ awards also go to five subsidiaries in Albania, Belarus, Romania, Serbia and Slovakia
Raiffeisen Bank International AG (RBI) has been awarded the title â€œBest Bank in Central and Eastern Europe (CEE)â€ for the sixth time in a row in the competition â€œWorldâ€™s Best Banks in Developed and Emerging Marketsâ€ organised by the renowned financial magazine â€œGlobal Financeâ€. In total, RBI has won this prestigious distinction eight times in nine years.
At the same time, the RBI subsidiaries Raiffeisen Bank Sh.a. in Albania, Priorbank JSC in Belarus, Raiffeisen Bank S.A. in Romania, Raiffeisen banka a.d. in Serbia and Tatra banka, a.s. in Slovakia were appreciated as â€œBest Bankâ€ in their respective markets.
â€œOur main concern is to provide our customers the best service in all our markets. The fact that we have won the title â€˜Best Bank in CEEâ€™ for the sixth time in a row shows that we have always rendered our services, even in times of global financial crisis,â€ said a pleased Herbert Stepic, CEO of RBI.
â€œWe remain in an unusually challenging environment for banks and their customers,â€ said the publisher of Global Finance, Joseph D. Giarraputo. â€œMore than ever, customers are demanding superior competence from their banking partners. The selected banks are the ones best providing that competence.â€
The magazine Global Finance will issue a full report on its Best Bank selections in its May issue.
RBI is one of the leading commercial and investment banks for the top 1,000 commercial customers in Austria and also one of the leading universal banks in CEE, where it has a dense network of subsidiaries, leasing companies and a series of specialised financial services companies in 17 markets. The parent of RBI, Raiffeisen Zentralbank Ã–sterreich AG (RZB), is the lead institute of the Raiffeisen Banking Group Austria (RBG), the third-largest banking group in the country.
RBIâ€™s network bank in Albania has been announced â€œBest Bankâ€ in the country for the sixth time. The bank had a balance sheet total of â‚¬2.3 billion at the end of 2011. In terms of customer loans it is the biggest bank in the country. Overall, the bankâ€™s 105 business outlets attend around 692,000 customers.
Priorbank in Belarus has received the title â€œBest Bankâ€ for the fourth time. Locally, the bank is in fifth place in terms of customer loans. It has a balance sheet total of â‚¬1.2 billion and has 101 business outlets servicing around 791,000 customers.
In Romania, Raiffeisen is represented with 551 business outlets and services about 1.9 million customers. The bank, which had a balance sheet total of â‚¬6.4 billion at the end of 2011, is the third-largest bank in the country in terms of customer loans. Raiffeisen Bank in Romania has already been selected â€œBest Bankâ€ by Global Finance for the third time.
Raiffeisen banka in Serbia has already been selected best bank in the country by Global Finance for the eighth time. The bank had a balance sheet total of around â‚¬2.2 billion at the end of 2011 and is the fifth-largest bank in the country. It has more than 85 business outlets attending around 508,000 customers.
In Slovakia, Tatra banka has been awarded the title â€œBest Bankâ€ for the tenth time in total. Tatra bank has over 156 business outlets, around 788,000 customers and is the third-largest bank in the country by customer loans. Its balance sheet total was around â‚¬9.7 billion at the end of 2011.
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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.
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Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.
RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus.
In total, around 59,000 employees service about 13.8 million customers through around 2,900 business outlets, the great majority of which are located in CEE.
RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Ã–sterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the head office of the entire RZB Group, including RBI.
For further information please contact:
Michael Palzer (+43-1-71 707-2828, [email protected]) or
Ingrid Krenn-Ditz (+43-1-71 707-6055, [email protected]).