Bosnia & Herzegovina
Best Bank: Raiffeisen Bank Bosna i Hercegovina
In a small but highly competitive banking market, Raiffeisen Bank continues to set the pace in Bosnia and now boasts a market share of more than 20%. In 2006 it grew its balance sheet by almost 25% to €1.6 billion, thanks to its extensive nationwide network of 75 outlets which served more than 600,000 customers, up 13% on the previous year. Both corporate and retail loan growth numbers were impressive, up 36% and 35% respectively. On the equity front local brokerage Eurohaus deserves recognition for its efforts in promoting a retail equity culture in Bosnia and for its success in holding its own in trading terms against much larger foreign players such as Raiffeisen, Hypo-Alpe-Adria and Volksbanken.