The Banker, the renowned magazine of the Financial Times Group, awarded Raiffeisen Zentralbank Osterreich AG (RZB) the title «Bank of the Year» in Austria for the second consecutive time. The Network Banks in Bosnia and Herzegovina, Kosovo, Serbia, Slovakia and Ukraine received the awards for their home markets. The awards were presented at a reception in London yesterday night.
«The awards prove once again that RZB holds a good strategic position. Not only has the RZB Group been consistently recording sustained earning power during the past couple of years, it also continues to grow clearly stronger than the market. It therefore further improved its market position both in Austria and Central and Eastern Europe», stated Walter Rothensteiner, RZB’s Chairman of the Managing Board and Raiffeisen International’s Chairman of the Supervisory Board.
The title «Bank of the Year», which is among the most prestigious in the financial industry, is awarded for different regions, countries and categories. The selection process takes into account qualitative criteria such as asset growth and profitability as well as the development and implementation of state-of-the-art technical infrastructure and future-oriented strategies.
Due to its outstanding performance, RZB received the award as «Bank of the Year» in Austria for the second time in a row. Clear customer-focus, excellent product quality combined with a customer oriented and innovative strategy provided the basis for the jury’s decision.
The magazine’s awards for Bosnia and Herzegovina, Kosovo, Serbia, Slovakia and Ukraine acknowledge the banks’ performance in providing top-quality products and services to both retail and corporate customers.
«We appreciate these awards as recognition of our successful growth during the past year», added Herbert Stepic, Raiffeisen International’s CEO. «They are a tremendous motivation for all of us to continue working towards our goal, namely to become the leading banking group in Central and Eastern Europe.»
Raiffeisen Bank d.d. Bosna i Hercegovina, grew to 89 business outlets by the third quarter 2007. With total assets of 1,919 million euros (as of 30 September 2007), it is the country’s second-largest bank.
Raiffeisen Bank Kosovo S. A. is Kosovo’s second-largest bank. Its balance-sheet total amounted to 452 million euros at 30 September 2007, an increase of 21 per cent compared to the end of the previous year.
Raiffeisen banka a.d., Serbia, kept is leading position in the country with a balance-sheet total of 2,471 million euros (as of 30 September 2007, plus 12 per cent) and received the award «Best Bank» for the fourth consecutive time. It has become the bank for leading local and multinational companies as well as for more than 500,000 private individuals, small enterprises and micro customers.
Tatra banka a.s., Slovakia, won the prestigious award already for the fourth time due to its profitability, local growth and innovation power. It is the country’s third-largest bank, having increased its total assets by almost 15 per cent to 6,956 million euros at the end of the third quarter 2007.
VAT Raiffeisen Bank Aval, Ukraine, received the award celebrating its 15th anniversary. The bank’s balance-sheet total has increased by 38 per cent to 5,912 million euros at the end of the third quarter 2007.
A printable photo can be downloaded from http://www.rzbfiles.at/thebankerawards.jpg.
From left to right: Stephen Timewell (editor-in-chief of The Banker), Patrick Butler (Board Member RZB), Michael Buerk (BBC).
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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. 18 markets are covered by subsidiary banks, finance leasing companies, two representative offices and a number of financial services providers. Over 13 million customers are attended to through more than 3,000 business outlets.