Highly regarded US magazine Global Finance selected RaiffeisenZentralbank Osterreich AG (RZB) as Best Bank in Austria."This awardconfirms RZB''s excellent market position", said RZB''s CEO WalterRothensteiner."RZB achieved several such awards in the past years,among other publications by Euromoney and The Banker. RZB''s strategicapproach and success in domestic corporate banking is once morevalidated by the first decoration for Austria by Global Finance."
All selections were made by the editors of Global Finance afterextensive consultation with bankers, corporate financial executives andanalysts throughout the world, choosing a Best Bank for every developedmarket."This award confirms RZB''s strong position as corporate andinvestment bank in Austria," said Karl Sevelda, RZB Managing BoardMember for Austrian and international corporate customers."25 per centof Austrian large companies have their primary banking relation withRZB, and the share grows steadily. Clear customer-focus, excellentservice and product quality combined with innovative strength give usthe decisive edge in the market."
"Global Finance awarded the price not to the largest, the oldest or themost diversified bank in any given country, but rather to the best– the banks with which corporations around the world would most likely want to do business," said Global Finance''s publisher Joseph D. Giarraputo.Among the winners were: Citi (USA), Societe Generale (France), ABN AMRO(Netherlands) and Mizuho Financial Group (Japan).
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Raiffeisen Zentralbank Osterreich AG (RZB) is the central institution ofthe Austrian Raiffeisen Banking Group, the country''s largest bankinggroup. It is a leading corporate and investment bank in Austria and alsoconsiders Central and Eastern Europe (CEE) as its home market. Vialisted subsidiary Raiffeisen International Bank-Holding AG, it operatesone of the leading banking networks in CEE with subsidiary banks andfinance leasing companies in 16 markets. More than 11.7 millioncustomers are attended to through more than 2,775 business outlets.Representative offices in Lithuania and Moldova complement the group''spresence in the region.
RZB is the only Austrian bank with a global network of business unitsreaching all important finance centres around the globe. It is alsopresent in Asia via its branches and representative offices.
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