Serbia

Awards of Excellence
Central and Eastern Europe regional awards

Raiffeisen Banka continues to post impressive numbers in Serbia, where it is the current market leader. Despite increased competition the bank boosted its balance sheet by 56% to €2.2 billion in 2006, having increased its network in the country by a third to 68 outlets. It serviced 425,000 customers, up 37% on the previous year. Retail deposits were up by more than one-third at €548 million, while thanks to its position as the bank of choice for both local and international businesses, corporate deposits soared 63% to €415 million. On the equity front, Prospera Securities is typical of the new generation of investment banking boutiques that have sprung up all over the Balkans in recent years. Run by a young, dynamic management team that boasts extensive international business experience allied with in-depth local knowledge, Prospera has brought a new standard of professionalism to the Serbian capital markets, producing a comprehensive range of in-house equity research reports that feature official price targets, a previously unheard of event in the country.