Raiffeisen Scoops Up "Best Bank in Central and Eastern Europe" Award

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Raiffeisen Scoops Up

Renowned magazine Global Finance selected for the sixth time Raiffeisen Zentralbank Österreich AG together with Raiffeisen International Bank-Holding AG as “Best Bank in Central and Eastern Europe 2007”. In addition, Raiffeisen's subsidiary banks in Albania, Bosnia and Herzegovina, Serbia and Slovakia received the title “Best Bank” in their local markets.

Global Finance editors – with input from industry analysts, corporate executives and banking consultants – selected the winners by the following decision criteria: growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

The subsidiary banks in Albania, Bosnia and Herzegovina and Serbia received "Best Bank" awards in their local markets for the fifth consecutive time, while Slovakia clinched the award for the seventh time.

Raiffeisen's unit in Albania continues to be the country's number-one bank with a balance-sheet total of more than 1.8 bln euros as of 30 September 2007. Its more than 530,000 customers are serviced through 95 business outlets.

Raiffeisen Bank d.d. Bosna i Hercegovina managed to increase its balance-sheet total by 20% to 1.9 bln euros at the end of the third quarter of 2007. It has a market share of over 20% and services almost 700,000 customers via 89 business outlets.

Raiffeisen banka a.d., which is the first foreign bank after the political changes in Serbia in the autumn of 2000, began operations in 2001 and has been the country's largest bank since November 2004. At the end of the third quarter 2007 the bank had a balance-sheet total of 2.5 bln euros and its almost 500,000 customers are serviced via a local network of 80 business outlets.

Tatra banka a.s., the third-largest bank in Slovakia, increased its balance-sheet total by 15% to 7 bln euros in first three quarters of 2007. The bank operates 150 business outlets and services more than 680,000 customers.

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