Raiffeisenbank’s Private Banking division Friedrich Wilhelm Raiffeisen won an award at the SPEAR’S Russia Wealth Management Awards 2012 in the category: «The best foreign bank that provides Private Banking services and manages large sums of money for Russian clients in the Russian Federation».
The SPEAR’S Russia Wealth Management Awards are given annually to the best representatives of the Private Banking industry. Award winners are determined through a multi-stage voting process. A poll of industry professionals in the Private Banking industry is used to generate a short list of candidates in each category, from which a panel of judges then determines the winner of the award. The accounting firm PricewaterhouseCoopers is an independent consultant which supervises the voting process.
«It is an honour to win this award, having being up against giants of the global Private Banking industry such as Credit Suisse and Deutsche Bank. It is particularly pleasing as we were highly rated by our colleagues and partners. Thank you to our team, which has worked hard to make this victory possible, and, of course, a huge thank you to our clients, due to whom and for whom we are moving forward,» said Svetlana Grigoryan, head of private wealth management at Raiffeisenbank.
More details about the award can be found on the SPEAR’S Russia Wealth Management Awards website at awards2012.pbwm.ru.
For more information on Friedrich Wilhelm Raiffeisen (Raiffeisenbank Private Banking), call the Private Line +7 (495) 662 76 77, +7 (800) 700 76 77, or the private client department, or go to fw.raiffeisen.ru.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on Q3 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.
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 61,300 employees service about 14.6 million customers through around 3,100 business outlets, the great majority of which are located in CEE (these figures include Polbank). Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich 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 group head office of the entire RZB Group, including RBI.