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Awards for Excellence 2009: Macedonia

Best Bank: Stopanska Banka Skopje

Thanks to its development of a wide range of pioneering corporate and retail banking products and services, Stopanska Banka Skopje continued to post impressive financial results in 2008. Among the key highlights total assets increased to MD59.6 billion ($1.34 billion) from MD54.9 billion in 2007, while profits before tax rose to MD1.51 billion, from MD1.2 billion. The bank increased its countrywide branch network from 60 to 66 in 2008.