| VUB bank ranked first in the list of ten safest banks in Central and Eastern Europe. The list has been made by the Global Finance magazine selecting the winners through an evaluation of long-term credit ratings (from Moody’s, Standard & Poor’s and Fitch) and total assets. “The recognition of independent foreign experts only confirmed that the top market position can be achieved by top quality services and responsible approach in risk management,” stated Ignacio Jaquotot, CEO and Chairman of the Management Board of VUB bank. VUB is the only Slovak bank listed among the selected banks of this region.
“More than ever, customers around the world are viewing long-term creditworthiness as the key feature of the banks with which they do business,” says Joseph D. Giarraputo, publisher of Global Finance. “These banks have solid capital positions and superior risk management capabilities.”
Global Finance also published a list of the top 50 safest banks worldwide after having evaluated 500 biggest banks. Consequently, Italian banking group Intesa Sanpaolo was among the awarded banks taking up the 37th position as one of few parent companies of the banks operating in Slovakia.
Global Finance: World’s Safest Banks 2011 in Central & Eastern Europe
1) Všeobecná úverová banka (VÚB) (Slovak Republic)
2) Česká Spořitelna (Czech Republic)
3) Komerční Banka (Czech Republic)
4) Bank Pekao (Poland)
5) Bank Zachodni WBK (Poland)
6) BRE Bank (Poland)
7) Banca Commerciala Româna (Romania)
8) Vnesheconombank (Russian Federation)
9) Sberbank of Russia (Russian Federation)
10) JSC VTB Bank (Russian Federation)
Besides the latest title of the safest bank, VUB holds several other important awards presented recently:
„Bank of the Year“ by Trend magazine, „Best bank in Slovak Republic“ by economic magazine emeafinace, „The best bank“ from the British magazine Euromoney, and the most successful bank in a competition The Gold Coin 2010.
Global Finance, a prestigious economic magazine, was established in 1987 with its headquarters in New York. Nowadays, it has approximately 50 thousand subscribers and almost 300 thousand readers in 163 countries. The group of steady readers includes chairmen of supervisory boards of large companies, CEOs, CFOs, investment and strategy managers of global companies and financial institutions. In cooperation with experts, managers, financial and industrial analysts it regularly names the lists of the most successful companies around the world. |