Euromoney Awards for Excellence: RBI honored for best bank transformation world-wide
Renowned financial magazine Euromoney awarded RBI for its successful transformation program. Subsidiaries in Albania, Belarus, Bosnia and Herzegovina, Kosovo, Serbia, Slovakia and Ukraine were selected as "Best Bank" in their countries
In a festive ceremony, the “Euromoney Awards for Excellence 2018” were presented last night in London. Raiffeisen Bank International (RBI) and its subsidiaries were awarded nine distinctions altogether. RBI won the award for the “World's Best Bank Transformation” and consequently also for the “Best Bank Transformation” in Central and Eastern Europe.
Furthermore, the excellent market position as well as product and service quality of RBI’s banking network in Central and Eastern Europa was honored with seven accolades. The subsidiary banks in Albania, Belarus, Bosnia and Herzegovina, Kosovo, Serbia, Slovakia and Ukraine were named “Best Bank” in their respective countries.
“Many banks have been forced to restructure over the past decade but few have managed a turnaround as fast and effective as that implemented by RBI. An ambitious transformation plan has enabled the Austrian group to restore its capital base and profitability without impairing its core business model. It has also paved the way for renewed investment in growth and innovation. RBI today is a much stronger, more sustainable institution than it was three years ago, and a worthy winner of the Global Bank Transformation Award”, explained Euromoney its jury’s decision to select RBI.
Euromoney magazine was created in 1969 to cover the re-emergence of the international cross-border capital markets. The euromarket, after which the magazine is named, is the predecessor to today's mainstream global capital markets. Euromoney reported on, and championed, this market and its growth, in the process becoming the prime magazine of the wholesale financial world, its institutions and its users.
RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 14 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A.
In total, around 50,000 employees service 16.6 million customers through more than 2,400 business outlets, the majority thereof in CEE. RBI's shares are listed on the Vienna Stock Exchange. The Austrian Regional Raiffeisen Banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the Regional Raiffeisen Banks and other affiliated credit institutions and renders important services in this function.
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