Erste wins Euromoney awards for private banking offerings in Austria, Slovakia and Croatia

Erste Private Banking has been awarded a total of five best-in-class distinctions from Euromoney. The well-regarded financial industry publication recognized Erste Private Banking in Austria as being both the Best Domestic Private Bank and Best for High Net Worth customers. In addition, Erste Private Banking received Euromoney awards for Best International Private Bank in Slovakia, as well as in the Best for Discretionary Portfolio Management category in both Austria and Croatia. Erste Asset Management is responsible for managing the individual portfolio solutions (Discretionary Portfolio Management) within Erste Group.

“Highly individualized wealth management is the very cornerstone of Erste Private Banking‘s business,” said Maximilian Clary und Aldringen, Head of Private Banking and Wealth Management. “These five awards from Euromoney make us extremely proud. We strive to continuously improve this offering by providing our clients with innovative and exclusive new products, solutions, and services. These include our discretionary portfolio management solution, for which we won awards, as well as our pioneering private equity solution, an exclusive Private Banking credit card for our clients, and our new private banking offices at the center of Vienna. These initiatives demonstrate our commitment to offering our clients a personalized experience and strengthen our position as market leader in the private banking segment.”

Austria: “Best Domestic Private Bank”, “Best for Discretionary Portfolio Management”, “Best for HNW“

Erste Group’s private banking offering in Austria stands out on the basis of its advice and services for high net worth (HNW) individuals. In addition, Erste Private Banking is also the market leader in the country with regard to its investment fund business. In Austria, Erste Private Banking services over 6,000 customers and manages more than 50 billion euros in total assets. Euromoney’s newest awards recognize Erste Private Banking in Austria as “Best Domestic Private Bank”, “Best for Discretionary Portfolio Management“, and “Best for HNW“.

Heinz Bednar, CEO of Erste Asset Management, which is responsible for all asset management activities including the management of investment funds and discretionary portfolio solutions within Erste Group: "Being recognized as the best asset manager confirms that we, together with our clients, are on the right track. We are proud that the high quality standards we set for our portfolio management have been confirmed through our winning this award."

Slovakia: “Best International Private Bank”

Erste Private Banking in Slovakia has been providing high-quality banking services since 2011. It has a strong regional presence throughout the country, with offices in Bratislava, Trnava, Nitra, Trenčín, Banská Bystrica, Žilina, Košice and Prešov. One of the leaders on the Slovak banking market, Erste Private Banking manages assets totaling more than 1.3 billion euros for its over 1,800 well-to-do clients.

Tomáš Petrus, Head of Erste Private Banking in Slovakia: “I am pleased to see that our continuous effort and hard work to provide the best services to our private banking clients is being recognized not just by our clients, but also by such esteemed third parties as Euromoney. Such recognition confirms the decision that Erste Private Banking Slovakia took in recent years to deliver even more ambitious quantitative goals stemming from stronger cooperation with Slovenska sporitelna’s retail banking and from bringing private banking even closer to capital markets and corporate banking.“

Croatia: “Best for Discretionary Portfolio Management”

Erste Private Banking has been operating in Croatia since 2007 and has offices in Zagreb, Rijeka, and Split. In total, Erste Private Banking in Croatia serves over 1,000 wealthy clients with nearly 880 million euros in Asset under Management.

Kristina Buconjic, head of Erste Bank Croatia’s private banking division: “This prestigious award represents exceptional recognition for the long-term commitment and quality of service that Erste Bank Croatia's private banking continuously provides to its clients, in accordance with the highest standards. Without the excellence and loyalty of the entire team of top experts from the bank, Erste Asset Management and affiliated companies, as well as the significant support of the entire Erste Group, it would be impossible for us to generate outstanding results and consistently win awards across many years.”