Financial and Banking 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:
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 
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