• 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.

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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.

Picture (from left to right): Clive Horwood (Editor Euromoney), Martin Grüll (CFO, RBI), Sir Geoff Hurst (English football legend)

Copyright: Euromoney

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Raiffeisen Bank International AG published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 13:33:07 UTC