Euromoney, the renowned British finance magazine, has chosenVienna-based Raiffeisen International Bank-Holding AG (RaiffeisenInternational) together with its major shareholder RaiffeisenZentralbank Oesterreich AG (RZB) as Best Bank in Central and EasternEurope (CEE). In addition, Raiffeisen International received threecountry awards for Albania, Belarus as well as Serbia and Montenegro andRZB received the award for Austria. The"Euromoney Awards forExcellence" are decided by the magazine''s editors, the official awardceremony will take place in London later this month.
Raiffeisen International received the Best Bank in CEE award fromEuromoney in 1999, last year it was chosen by Euromoney the Mostinnovative Bank in CEE. Herbert Stepic, CEO of Raiffeisen Internationaland Deputy General Manager of RZB, said,"We consider this popular awardto be recognition of our strategy and our commitment to the region. Italso acknowledges Raiffeisen International''s very successful InitialPublic Offering earlier this year."
Best Bank in Albania
Raiffeisen Bank Sh.A. was awarded the title Best Bank in Albania. It wasacquired by Raiffeisen International in 2004 and since then modernizedand restructured. Last year the Bank began serving retail clients inaddition to existing SME and corporate customers.
Best Bank in Belarus
Priorbank JSC was awarded the title Best Bank in Belarus. Priorbankjoined the Raiffeisen International Group in 2003 and is the country’s third largest bank. It is a market leader in the card business and introduced, in co-operation with EBRD and IFC, co-financing lines for SMEs.
Best Bank in Serbia and Montenegro
Raiffeisenbank a.d. has commenced operations only in 2001 and hasalready been decorated with the Best Bank in Serbia and Montenegro awardfor the fourth consecutive year. Raiffeisenbank is the largest bank ofthe country in terms of assets and the market leader in deposits andloan volumes.
RZB– Best Bank in Austria
Raiffeisen International''s major shareholder, RZB, received for thefirst time the award for the Best Bank in Austria from Euromoney. RZB,the central institution of the Austrian Raiffeisen Banking Group, hasdisplayed dynamic growth in assets, profitability and market share.
Raiffeisen International is the steering unit for RZB''s subsidiaries inCEE. Its shares are traded on the Vienna Stock Exchange. RZB owns 70 percent, the balance is free-float. Raiffeisen International operates theleading banking network in CEE with 15 Network Banks and 14 leasingcompanies in 16 markets. More than 5.2 million customers are served viaapproximately 950 business outlets. In eight markets, the respectiveNetwork Bank ranks among the three largest local banks.
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