The Banker, the renowned magazine from the Financial Times Group, hasawarded Raiffeisen International Bank-Holding AG (RaiffeisenInternational) the global title„Bank of the Year 2005“ in Emerging Markets. Raiffeisen Zentralbank ?sterreich AG (RZB) was awarded „Bank of the Year” in Austria. Five of Raiffeisen International ‘s Network Banks in Central- and Eastern Europe (CEE) were also awarded „Bank of the Year 2005“in their respective home markets. The awards were presented at a reception ceremony in London yesterday.
The title“Bank of the Year” is awarded by The Banker for different regions, countries and categories. It is considered to be one of the most prestigious business awards. The decision is not only based on quantitative criteria, such as total assets or earning power, but also the development of state-of-the-art technical infrastructures and future-oriented strategies and their implementation.
Raiffeisen International is“Bank of the Year” in Emerging Markets
This is the first time The Banker has awarded one of its prestigiousglobal awards to an Austrian company. Based on the decision by the juryRaiffeisen International is the global“Bank of the Year 2005” in Emerging Markets. “We feel great pride in receiving this award, for it is not only a confirmation of the quality of our CEE Network, but also a signal of the rising importance of the region globally”, said Herbert Stepic, CEO of Raiffeisen International.
First time award for Bulgaria as well as Serbia and Montenegro
Raiffeisenbank (Bulgaria), Sofia for the first time and Raiffeisenbanka.d., Belgrade, for the second time were selected as Bank of the Year.With assets ofˆ 1.1 billion as of June 2005 Raiffeisenbank Bulgaria is the fourth-largest bank in the country. Founded in 1994, the bank serves more than 150,000 customers through 60 business outlets.
Raiffeisenbank a.d., which was founded in the autumn of 2000, was thefirst bank in Serbia to be founded by Western owners after the politicalchanges. With assets ofˆ1.03 billion, it has been the largest bank in the country since November 2004.
Consecutive winners in Albania, Belarus as well as Bosnia andHercegovina
Raiffeisen Bank Sh.a., Tirana, Priorbank JSC, Minsk and Raiffeisen Bankd.d. Bosnia i Hercegovina, Sarajevo received the award“Bank of the Year” for the third consecutive year in their country categories. The Banker based the decision on the strong market presence of the banks, as well as their outstanding profitability.
Raiffeisen Bank Sh.a., Tirana was acquired by Raiffeisen Internationalin 2004. It is by far the largest bank in Albania with total assets ofˆ 1.7 billion as of June 2005.
Priorbank, based on its assets ofˆ 590 million, is the largest private bank in Belarus, ranking third overall. With 42 business outlets and more than 1,800 staff Priorbank serves around 510,000 customers, including public institutions, small and medium sizes enterprises (SME), corporate and retail clients.
Raiffeisen Bank Bosna i Hercegovina d.d. became the largest bank inBosnia Hercegovina in the year 2000. Assets grew by 7.7 per cent in thefirst half of 2005 toˆ 1.1 billion. Continuing product innovations and high service quality distinguish the bank. At the moment the bank employs 1.100 staff and operates 67 business outlets, being the only bank operating country-wide.
RZB is„Bank of the Year” in Austria
In addition, RZB was selected by the jury as Bank of the Year inAustria.“This award underscores our positive development and our success with Austrian corporate customers. It also shows that the award is not only based on size. With our service quality and innovative strength we have convinced the jury”, said Walter Rothensteiner, CEO ofRZB.
Raiffeisen International is the steering unit for the subsidiaries ofRaiffeisen Zentralbank ?sterreich AG (RZB) in Central and Eastern Europe(CEE). Its shares are traded on the Vienna Stock Exchange. RZB owns 70per cent. The balance is free-float, including shareholdings of theInternational Finance Corporation (IFC) and the European Bank forReconstruction and Development (EBRD) of about three per cent each.Raiffeisen International operates the leading banking network in CEEwith network banks and leasing companies in 16 markets. More than 5.7million customers are served through almost 1,000 business outlets.
For further information please contact Michael Palzer (+43.1/71707-1504, firstname.lastname@example.org) or Lars D. Hofer (+43.1/71 707-1930,email@example.com).