Erste Group awarded “Best Private Bank in Central and Eastern Europe” title by The Banker and PWM for a fourth consecutive year. The winners of these esteemed private banking industry awards were announced at a ceremony held in London.

Best Private Bank in Central and Eastern Europe

“We welcome the newest awards from PWM and The Banker as further recognition that the support and advice we offer to our clients is of the very highest standard across our markets,” said Wolfgang Traindl, head of Private Banking at Erste Group. The jury of this year’s PWM / The Banker awards highlighted the fact that Erste Group is the largest wealth manager in Austria and one of the leading wealth managers in the CEE region, where it operates local private banking units in the Czech Republic, Croatia, Hungary, Romania and Slovakia. Across these markets, Erste Private Banking takes care of more than 15,000 private clients with a combined wealth of 17 billion euros. With the 2017 “Best Private Bank in Central and Eastern Europe” award, Erste Private Banking has now won this esteemed distinction from The Banker and PWM for the fourth year in a row.

About the PWM/The Banker Global Private Banking Awards

In making their selections, the Global Private Banking Awards’ judging panel of 15 experts from the private banking and wealth management industry compared more than a hundred private banks using key performance indicators such as portfolio management, asset allocation, due diligence, risk management, growth strategies, customer service, ethical factors, business models, staff retention levels and innovation.

Published by the London-based Financial Times Group, The Banker is a monthly magazine specialising in banking and whose awards and rankings are recognised benchmarks in the international banking industry. PWM Professional Wealth Management, which is also part of the Financial Times Group, provides information and analyses on products, market developments, tax issues and funds for high net-worth individuals.