Regional Awards for Excellence 2013: Central and Eastern Europe
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Awards

Regional Awards for Excellence 2013: Central and Eastern Europe

Best Bank: Sberbank
Best Investment Bank: Citi
Best Debt House: JPMorgan
Best Equity House: Credit Suisse
Best M&A House: Rothschild
Best Risk Adviser: Deutsche Bank
Best Flow House: Deutsche Bank
Best Project Finance House: UniCredit
Best Cash Management House: UniCredit


Awards for Excellence 2013










Best Bank

German Gref, Sberbank. The bank has overcome the limits of Russia with prudent growth across the region
German Gref, Sberbank. The bank has overcome the limits of Russia with prudent growth across the region
This year, despite continued clean-up operations, the outlook for many eurozone banks in central and eastern Europe reached another low. However, the biggest bank in Russia, Sberbank, announced itself – more clearly than ever before – as by far the most powerful force in banking in the region.

On its own, the Russian market, already the region’s biggest, has become even more important to regional banks’ profitability. And Sberbank is more profitable than ever before in its domestic market, where its market share of deposits is still more than 40% and its annual profits more than $10 billion.

Russia was crucial for Raiffeisen, last year’s winner of the regional best bank award, in posting slightly higher regional profit. Despite large market shares elsewhere, Russia made up almost two-thirds of Raiffeisen’s regional profit.

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