Global Finance awards RZB and Raiffeisen International with theprestigious award for entire region. Country awards were given to theNetwork Banks in Albania, Bosnia and Herzegovina and Serbia.
Renowned Global Finance magazine awarded the title"Best Bank in Centraland Eastern Europe 2007" to Raiffeisen Zentralbank Osterreich AG (RZB)together with Raiffeisen International Bank-Holding AG for the fifthtime already. At the same time the Network Banks in Albania (RaiffeisenBank Sh.a), Bosnia and Herzegovina (Raiffeisen Bank d.d. Bosna iHercegovina) and Serbia (Raiffeisen banka a.d.) received awards as"BestBank" in their local markets for the fourth time in succession.
Global Finance editors– with input from industry analysts, corporate executives and banking consultants – selected the winners by the following decision criteria: growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. The list of"The World''s Best Emerging Markets Banks" will bepublished in the magazine''s May 2007 issue.
"We finally achieved the‚finance magazine hat-trick’ with this award,"said RZB''s CEO and Raiffeisen International''s Supervisory Board ChairmanWalter Rothensteiner, referring to the fact that Raiffeisen was alreadyawarded with such commendations by Euromoney in July and The Banker inDecember."The award is yet another independent acknowledgement of ourquality and expertise."
"Raiffeisen International''s sales network comprises more than 2,850business outlets in 16 CEE-markets. No other international bank in theregion offers such a far-reaching and closely-knit network," saidHerbert Stepic, CEO of Raiffeisen International and Deputy Chairman ofRZB.
"To make this selection, we have identified the banks that provideservice to corporations seeking to take advantage of substantialopportunities for growth in a sometimes challenging environment", saidJoseph D. Giarraputo, editor and publisher of Global Finance. Themagazine, which celebrates its 20th year of publishing in 2007, has morethan 250,000 readers in over 160 countries. It especially aims atportfolio investors and financial analysts.
The Network Banks in Albania, Bosnia and Herzegovina and Serbia receivedawards as"Best Bank" in their local markets already for the fourthconsecutive time.
Raiffeisen Bank Sh.a. continues to be Albania''s number-one bank with abalance sheet total of 1.8 billion Euros. Its 485,000 customers areserviced in 94 business outlets.
Raiffeisen Bank d.d. Bosna i Hercegovina increased its balance sheettotal by 25 per cent to 1.6 billion Euros. It has a market share of morethan 21 per cent.
Raiffeisen banka a.d., the first foreign bank after the politicalchanges in the autumn 2000, began operations in 2001 and has beenSerbia''s largest bank since November 2004. The bank increased itsbalance sheet total by 56 per cent to 2.2 billion Euros in 2006. Itsmore than 425,000 customers are serviced via a local network of 68business outlets.
Raiffeisen International operates one of the leading bankingnetworks in CEE with subsidiary banks and leasing companies in 16markets. More than 12 million customers are served through more than2,850 business outlets. Representative offices in Lithuania and Moldovacomplement the Group''s presence in the region. Raiffeisen Internationalis a fully consolidated subsidiary of Raiffeisen Zentralbank OsterreichAG (RZB), which owns 70 per cent of the common stock. The remaining 30per cent is free float, the shares are traded on the Vienna StockExchange. RZB is a leading corporate and investment bank in Austria andthe central institution of the Austrian Raiffeisen Banking Group, thecountry''s largest banking group.
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