Raiffeisenbank was awarded the annual prize by the Finance. magazine as «Best-Strategy Foreign-Participation Bank In the Russian Market». The winners gathered for the Fifth Annual Award Ceremony «Finance.2010» in the Golden Palace concert hall on 22 April.
This year saw companies selected in 22 nominations, and the awards traditionally went to the best banks, unit funds, insurance, investment and leasing companies, as well as best performers in telecom and IT. Other winners included high-achieving financial experts selected on the basis of their 2009 results.
«We appreciate the high assessment of our achievements by the Russia’s leading industry magazine,» said Sergei Monin, member of the Raiffeisenbank’s Management Board. «It is always in critical times that loyalty of foreign financial institutions to their Russian business is put to test, as it becomes clear who had planned a long-term business strategy for the market, and who had only been chasing a quick profit. Just as it did in 1998, Raiffeisen Group has once again proved that it takes its presence in Russia seriously and intends to stay here for a long time».
A few years after its inception, the Finance. award ceremony has become a key event for the business community, and the prizes are acknowledged as a solid proof of the winner’s success. This year’s ceremony was attended by over 300 guests.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 8th in consumer lending in Russia based on 2009 results.
Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 56,500 employees service around 15.1 million customers via more than 3,000 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.