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March 3, 2021

Raiffeisen Bank receives Euromoney award

Raiffeisen Bank received from Euromoney the award for the best bank in Romania for financial services provided to the segment of customers with administered assets between USD 500,000 and USD 1 M, in a ceremony held at the end of last week in London, reads a press release. The top, published each year by the prestigious British magazine Euromoney, was achieved using the results of 2012 (administered assets, increase of the assets and liabilities portfolio, net income etc.) and also based on the votes of bankers specialised in this segment.
“I am delighted by this award, because it is based on results and on the appreciation of specialists with expertise in this field. We chose to differentiate the services targeted at wealthy customers by laying emphasis on financial counselling, and the success of this approach is demonstrated by the fact that investment products prevail in the portfolios of our customers. We have the highest usage rate of investment products on the market, with deposits accounting only for a quarter of options. The segment of customers with financial assets under USD 1 M is very important, as it is also the most numerous from the category of private banking customers in Romania, and also the most interested by financial counselling and a broad investment universe,” said Mihail Ion, head of Raiffeisen Bank’s Investment Committee.
Through the service Friedrich Wilhelm Raiffeisen, the wealthy customers of Raiffeisen Bank enjoy a privileged relationship with the bank and have access to the entire financial market expertise accumulated by the Raiffeisen Group, both at local and global scale. On September 30, 2012 the assets administered via the Friedrich Wilhelm Raiffeisen service amounted to EUR 640 M, owned by 670 customers.

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