Finance News

World's best emerging market banks in Central and Eastern Europe (2011)

The following are the «World's best emerging market banks 2011 in Central & Eastern Europe» according to rankings published by Global Finance magazine:

CountryBankParent Group
Albania AlbaniaInternational Commercial BankICB Financial Group
Belarus BelarusBelarusbank 
Bosnia and HerzegovinaBosnia and HerzegovinaRaiffeisen Bank Bosnia HercegovinaRBI
Bulgaria BulgariaDSK bankOTP Group
Croatia CroatiaPrivredna Banka Zagreb 
Czech Republic Czech RepublicCeskoslovenska obchodni banka (CSOB)KBC Group
Estonia EstoniaSwedbank EstoniaSwedbank
Hungary HungaryOTP BankOTP Group
Kosovo KosovoRaiffeisen Bank KosovoRBI
Latvia LatviaSwedbank LatviaSwedbank
Lithuania LithuaniaSEB BankSEB Group
Macedonia MacedoniaKomercijalna Banka 
Malta MaltaBank of VallettaBOV Group
Moldova MoldovaMoldova Agroindbank 
Poland PolandBRE Bank 
Romania RomaniaBRD-Groupe Societe GeneraleSociete Generale
Russia RussiaSberbank 
Serbia SerbiaKomercijalna banka a.d. Beograd 
Slovakia SlovakiaSlovenska SporitelnaErste Group
Slovenia SloveniaNova Ljubljanska BankaNLB Group
Turkey TurkeyGaranti 
Ukraine UkrainePrivatbankPrivat Group

Global Finance editors - with input from industry analysts, corporate executives and banking consultant - selected the best emerging market bank in the region and in 22 countries. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

The top ranking banks in Bosnia and Herzegovina, Kosovo are subsidiaries of Raiffeisen which is one of the largest financial groups in Austria. In the Baltic countries of Latvia and Estonia the subsidiaries of Sweden-based Swedbank are the winners. Swedbank was founded in 1820 as Sweden's first savings bank. As with Raiffeisen of Austria, Swedbank has been suffering due to its Baltic exposure as many of these economies are in recession.

Source: Global Finance
Date: 05.04.2011 [ID: 286]

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