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Awards for excellence - Central & Eastern Europe

BEST BANK
RZB/Raiffeisen International

BEST SMALLER REGIONAL BANK
OTP

BEST BOND HOUSE
Citigroup

BEST LOAN HOUSE
Bank Austria/HVB

BEST EQUITY HOUSE
CSFB

BEST M&A HOUSE
JPMorgan Chase

BEST PROJECT FINANCE HOUSE
Bank Austria/HVB
Citigroup

BEST AT CUSTODY
Citigroup

It has been another excellent 12 months for the central and eastern European markets, which with the CIS countries can lay claim to being the most dynamic and exciting in the world at present. Central European countries have joined the EU and have terrified the French and Dutch populaces with their economic competitiveness.

A popular revolution in Ukraine overthrew a corrupt regime and put in place one that might prove more honest. And we've seen some of the biggest deals in Europe – record IPOs, massive emerging market bonds, and one of the biggest bank mergers and acquisitions to have taken place in Europe so far.

This deal was Italian bank UniCredit's €20 billion acquisition of Germany's HypoVereinsbank (HVB). HVB, in addition to being a middle-size bank in Russia, also owns a majority stake in Bank Austria, which has won Euromoney's best CEE bank award for the past three years.

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