Erste Group awarded “Best Private Bank in Central and Eastern Europe” title by The Banker and PWM for the sixth year in a row

Erste Private Banking also received “Best Private Bank in Austria” and “Best Private Bank in Croatia” distinctions

Erste Group Bank AG (“Erste Group”) has won the ”Best Private Bank in Central and Eastern Europe” title in the 2019 edition of the Global Private Banking Awards organized jointly by The Banker and PWM. Erste Private Banking also received the ”Best Private Bank in Austria 2019” and the “Best Private Bank in Croatia 2019” awards from these two professional journals, both of which are part of the Financial Times group.

“It is a great honour to have been voted as the winner of these prestigious awards by so many of the industry’s experts for the sixth consecutive time. The award is a testimony to our commitment to excellence and to delivering the highest level of service to our clients,” said András Kállay, Head of the Private Banking CEE Competence Center at Erste Group. “At Erste Private Banking, we focus on providing excellent wealth management in which customers are offered services tailored to their particular circumstances, as well as on making our products and services transparent and easily accessible. Our strong growth in assets under management, which increased by 6.3 percent and reached 22.6 billion euros in 2018, is the confirmation of the trust our clients place in us.”

Best Private Bank in Central and Eastern Europe

In selecting Erste Private Banking as the winner of its CEE award, the jury of the 2019 PWM / The Banker awards highlighted the fact that Erste Group is one of the leading wealth managers in the region, where in addition to Austrian market it operates local private banking units in the Czech Republic, Slovakia, Hungary, Romania and Croatia. Across all of these markets, Erste Private Banking services more than 19,000 private clients with a combined wealth of EUR 22.6 billion, offering them an extensive range of wealth management and advisory services, as well as cross-border and cross-jurisdictional services throughout the region. Erste Private Banking has now won the “Best Private Bank in Central and Eastern Europe” award from The Banker and PWM for the sixth consecutive year.

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 private clients and entrepreneurial families.