Euromoney explained the decision among others by stating that RZB had doubled its market share in the wholesale business in Austria over recent years. Walter Rothensteiner, CEO of RZB, said: “This award underlines once more RZB’s good strategic approach. We are growing even in the saturated Austrian banking market. We have increased RZB’s market share, based on the cumulated total assets of all banks in Austria, from 10.4 to 13 per cent in the last business year. Receiving the “Best Bank” award for our two home markets in Austria and CEE is even more delightful.” RZB is the central institution of the Austrian Raiffeisen Banking group, the largest banking group in the Austria.
Receiving the Best Bank in CEE award Herbert Stepic, CEO of Raiffeisen International, said: „We consider this prestigious award as recognition of our strategy and our pioneering role in CEE. Both is underlined with our two latest acquisitions, Bank Aval in Ukraine and Impexbank in Russia. As a result Raiffeisen is the largest Western bank in the CIS.” In addition, Raiffeisen International also received “Best Bank” country awards for its network banks in Albania, Belarus, Bosnia and Hercegovina, Serbia as well as in Ukraine. Furthermore, the network bank in Bulgaria was awarded Best Debt House in the country.
Euromoney said that Raiffeisen International’s “strategy of being a pioneer in markets where many fear to tread has already proved fruitful.” The „Euromoney Awards for Excellence” are decided by the magazine’s editors. “Raiffeisen´s success in claiming the award for the second year running is largely attributable to its leadership of the continued thrust eastwards”, Euromoney added. Raiffeisen International and RZB received the Best Bank in CEE award from Euromoney in 1999 and 2005.
Best Bank in Austria
Raiffeisen International’s major shareholder, RZB, received the award for the Best Bank in Austria from Euromoney for the second consecutive time. RZB, the central institution of the Austrian Raiffeisen Banking Group, has displayed dynamic growth in assets and profitability. For Karl Sevelda, RZB Managing Board Member for Austrian and international corporate customers, this award affirms RZB’s quality approach: “Our success, which is mainly attributed to customer satisfaction, builds on a stringent approach to quality. The quality of our products is highly valued by our clients. High customer satisfaction figures and growing market shares prove this. This award underlines the fact, that our strategy is right.”
Best Bank in Albania
Raiffeisen Bank Sh.A. was awarded the title Best Bank in Albania again as in 2005. It was acquired by Raiffeisen International in 2004 and is by far the largest bank in the country with 44 per cent of all deposits.
Best Bank in Belarus
Priorbank JSC was awarded the title Best Bank in Belarus for the second year running. Priorbank joined the Raiffeisen International Group in 2003 and is the country’s third largest bank. It provides modern retail banking services and is the market leader in the local credit card market.
Best Bank in Bosnia and Hercegovina
Raiffeisen Bank d.d. Bosna i Hercegovina was awarded the title Best Bank in Bosnia and Hercegovina. It has been growing very fast in the past year with a 25 per cent increase in retail loans and SME lending up by 30 per cent.
Best Bank in Serbia
Raiffeisenbank a.d. only commenced operations only in 2001 and has now been decorated with the Best Bank in Serbia award for the fifth consecutive year. It is the largest bank in the country in terms of assets and the market leader in deposits and loan volumes. Its assets grew by 61 per cent in 2005.
Best Bank in Ukraine
JSPP Bank Aval was awarded the title Best Bank in Ukraine. Bank Aval was acquired by Raiffeisen International in 2005. It is the leading retail bank in the country with a branch network of more than 1,373 outlets and serving more than 3 million customers.
Best Debt house in Bulgaria
Raiffeisenbank (Bulgaria) EAD was awarded the title Best Debt house in Bulgaria. Raiffeisenbank is the undisputed leader in terms of total number of newly issued corporate and mortgage bonds (41 per cent market share) and in terms of the total volume of locally issued and placed corporate and mortgage bonds (57 per cent market share). During 2005, the Bank structured and arranged 16 new debt transactions amounting to € 155 million.
