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Awards for Excellence 2009: Bosnia & Herzegovina

Best Bank: Raiffeisen Bank

Raiffeisen Bank maintained its position as the largest single commercial bank by total assets in Bosnia & Herzegovina in 2008, boasting more than KM1 billion ($707.7 million) more assets than the second-largest individual bank. As the country’s leading universal bank, it increased its loan portfolio by more than 30% and its trade finance activities by 7.2% against a background of slowing lending growth generally. In project finance, the bank successfully financed and completed important real estate projects despite an unfavourable global backdrop for property markets. The bank was particularly successful in corporate banking, increasing its customer base by 25% in 2008, with corporate deposits rising a highly creditable 16.2%