Bank named best in Central & Eastern Europe, whilst also retaining its crown in Italy and garnering additional praise
for its investment banking activities in the country
UniCredit has won nine awards at this year's Euromoney Awards for Excellence, building on the five achieved in 2022, with recognition across the following categories:
- Best Bank in Austria
- Best Bank in Bosnia and Herzegovina
- Best Bank in Bulgaria
- Best Bank in Central & Eastern Europe
- Best Bank in Croatia
- Best Bank in Italy
- Best Investment Bank in Italy
- Best Bank for Transaction Services in Central & Eastern Europe
- Best Bank for Wealth Management in Central & Eastern Europe
Alongside the various country-level accolades, the results also see UniCredit recognised as the 'Best Bank in Central & Eastern Europe' for the first time since 2020, with Euromoney commenting: "Over the past year, UniCredit's potential for organic growth in Central and Eastern Europe has become clearer. The bank has seen strong growth in customer numbers - especially in countries such as Romania and Serbia, where its market share has furthest to grow - as well as more traction in cross- selling products such as insurance and asset management. These successes owe a lot to UniCredit's development of digital banking - with greater digitalization of mortgages, consumer loans and current accounts in the Czech Republic and Slovakia, for example - and its efforts to trim the number of retail products, fostering greater efficiency and focus."
This builds on the bank's historically strong presence in the region, where it has won 'Best Bank for Transaction Services' in four out the last five years.
The Euromoney Awards for Excellence were established in 1992 and are widely regarded as the definitive awards programme for the global banking industry - identifying 'the best of the best' in all countries offering banking services.
As in previous years, the judging criteria include profitability, growth, relative outperformance compared with peers and the ability to adapt to changing market conditions and client needs.
Commenting on this year's success, Andrea Orcel, CEO of UniCredit, said: "These awards highlight the momentum behind our ongoing transformation, a transformation that is primarily driven by the commitment and dedication of our people. At the same time, they also speak to our proximity to clients and depth in the countries where we are present. Congratulations to my colleagues for their incredible efforts, and thank you to our clients for their continued trust."
Milan, 13th July, 2023
Contacts
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