Global Finance named the"World''s Best Trade Finance Banks for 2005".
Raiffeisen Zentralbank Oesterreich AG (RZB) and its Network Banks inCentral and Eastern Europe (CEE) again rank among the"World''s BestTrade Finance Banks". Global Finance, the renowned industry magazinenamed RZB the"Best Trade Finance Bank in Central and Eastern Europe" aswell as the"Best Trade Finance Bank in Austria".
"We are pleased to have won this prize for the second consecutive year",said RZB''s CEO Walter Rothensteiner,"especially, because Trade& ExportFinance is one of RZB''s key products." Karl Sevelda, Board Member incharge of Corporate Customers and Trade& Export Finance, added:"Theaward is one more evidence that we constantly find customized solutionsin trade finance in a demanding environment."
Global Finance editors— with input from industry analysts, corporate executives and technology experts — selected the best trade finance providers in 43 countries or regions. Other laureates are Citigroup (for the Americas), National Bank of Kuwait (Middle East) HSBC (Asia) and ABN AMRO (Western Europe).
"We have selected these top banks through the analysis of numerouscriteria", said Global Finance publisher Joseph D. Giarraputo."Amongfactors considered were the transaction volume, the scope of globalcoverage, customer service, competitive pricing and the application ofinnovative technologies." The awards will be published in the February2005 issue of the magazine.
You can downlaod the award logo by clickinghttp://www.rzbfiles.at/gf_besttradefinancebank.jpg.
Global Finance has more than 285,000 readers in over 170 countries,including chairmen, presidents, CEOs, CFOs, treasurers, and otherfinancial officers responsible for making investments and strategicbusiness decisions for large global companies and financialinstitutions. Global Finance targets most of the 8,000 key portfolioinvestors who control over 80% of all assets under professionalmanagement.
Vienna-based RZB is the central institution of the Raiffeisen BankingGroup, Austria''s most powerful banking group. It is a leading corporateand investment bank in Austria and also considers CEE as its homemarket, where it operates, via Raiffeisen International Bank-Holding AG(Raiffeisen International), a network of 15 subsidiary banks with morethan 820 banking outlets, as well as two representative offices, in 16markets. RZB''s network banks are among the three largest banks in eightCEE markets.