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:

Country	Bank	Parent Group
Albania	International Commercial Bank	ICB Financial Group
Belarus	Belarusbank
Bosnia and Herzegovina	Raiffeisen Bank Bosnia Hercegovina	RBI
Bulgaria	DSK bank	OTP Group
Croatia	Privredna Banka Zagreb
Czech Republic	Ceskoslovenska obchodni banka (CSOB)	KBC Group
Estonia	Swedbank Estonia	Swedbank
Hungary	OTP Bank	OTP Group
Kosovo	Raiffeisen Bank Kosovo	RBI
Latvia	Swedbank Latvia	Swedbank
Lithuania	SEB Bank	SEB Group
Macedonia	Komercijalna Banka
Malta	Bank of Valletta	BOV Group
Moldova	Moldova Agroindbank
Poland	BRE Bank
Romania	BRD-Groupe Societe Generale	Societe Generale
Russia	Sberbank
Serbia	Komercijalna banka a.d. Beograd
Slovakia	Slovenska Sporitelna	Erste Group
Slovenia	Nova Ljubljanska Banka	NLB Group
Turkey	Garanti
Ukraine	Privatbank	Privat 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]