- Erste Bank Oesterreich retains crown as leading private bank for the third time in a row
- BCR and Erste Bank Hungary voted for the first time best private bank in their countries
- All six subsidiaries where Erste offers private banking services are top 5 private banks in their home-markets
Erste Group Bank AG subsidiaries in Central and Eastern Europe have once again won top places in the Euromoney Private Banking Survey 2011 conducted by the British financial magazine Euromoney: Erste Bank Oesterreich successfully retained its position as Austria’s leading private bank for the third consecutive year; Erste Bank Hungary and Banca Comerciala Romana came in number 1 in their home markets for the first time. Apart from winning these three top places, Erste’s subsidiaries in Croatia, Czech Republic and Slovakia are ranked by Euromoney among the top 5 players in their home markets.
The awards are even more relevant as they are based on a survey conducted within the industry, and therefore it was not a jury, but rather industry experts themselves who assessed and ranked the individual banks.
“Private banking in Central in Eastern Europe isn’t too often in the limelight, and we therefore are grateful for this recognition which attests the high quality of our private banking services. The key to our region-wide success was the recent introduction of Private Banking Group standards covering areas such as quality, product development and education. This enables us to guarantee that our Private Banking clients benefit from the same high level of services throughout the Erste Group CEE region.” said Peter Ipkovich, Head of Wealth Creation and Group Private Banking of Erste Group.
The volume of assets under management in the private banking segment of Erste Group is around EUR 45 billion across all 6 markets at present, following a strong development in terms of client base and assets volume in the last three years.
“We are happy that our qualitative approach helped us to keep the trust of our clients especially in these very challenging times and difficult economic environment,” concluded Peter Ipkovich.
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