Global Finance: RBI is "Best Bank in Central and Eastern Europe"

27.03.2018

Raiffeisen Bank International AG (RBI) was named "Best Bank in Central and Eastern Europe" by "Global Finance" in the framework of "The World’s Best Banks 2018" awards competition.

 

The renowned financial magazine awarded this prestigious regional title to RBI for the twelfth time in the last 15 years.

 

Furthermore, RBI’s subsidiary banks in Bosnia and Herzegovina, Romania, Slovakia, and Ukraine were selected as "Best Bank" in their respective markets at the same time.

 

"The accolade ‘Best Bank in Central and Eastern Europe’ is both an honor and an assignment to continue our strive for quality and providing first class services and products throughout the region", said Johann Strobl, CEO of RBI. "The award also reflects our good strategic position and performance."

A full report on the selections will appear in the May issue of Global Finance, with winners chosen in nearly 150 countries across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe. The May report will also feature selections for the Best US Regional Banks and the World’s Best Banks by Region.

The overall Best Bank in the World will be announced in the summer and published in the October issue, along with the Best Global Banks in 14 key categories. The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.

All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. In selecting these top banks, Global Finance considered factors that range from the quantitative objective to the informed subjective. In addition, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.

Banks were invited to submit entries supporting their selection. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.