Country Awards for Excellence 2018: Central & Eastern Europe

© 2018 Euromoney

Regional awards

View full 2018 results

  Albania

  Armenia

  Azerbaijan

  Belarus

  Bosnia and Herzegovina

  Bulgaria

  Croatia

  Czech Republic

  Estonia

  Georgia

  Hungary

  Kazakhstan

  Kosovo

  Kyrgyzstan

  Latvia

  Lithuania

  FYR Macedonia

  Moldova

  Montenegro

  Poland

  Romania

  Russia

  Serbia

  Slovakia

  Slovenia

  Turkey

  Ukraine

Albania Best bank: Raiffeisen Bank

Bad debts and severe deleveraging have taken a toll on Raiffeisen Bank’s bottom line in recent years and resulted in the Austrian subsidiary ceding the top spot in Albania to local rival Banka Kombetare Tregtare. A strong performance in 2017, however, confirmed that the former market leader is firmly set on the road to recovery.

After dipping into the red in 2016 due a sharp increase in provisioning costs, Raiffeisen Bank posted a net profit of €34 million last year, equating to a return on equity of 17.4%.