OREANDA-NEWS. May 04, 2010. Raiffeisenbank was awarded the annual prize by the Finance. magazine as "Best-Strategy Foreign-Participation Bank In the Russian Market". The winners gathered for the Fifth Annual Award Ceremony "Finance.2010" in the Golden Palace concert hall, reported the press-centre of Raiffeisenbank.

This year saw companies selected in 22 nominations, and the awards traditionally went to the best banks, unit funds, insurance, investment and leasing companies, as well as best performers in telecom and IT. Other winners included high-achieving financial experts selected on the basis of their 2009 results.

"We appreciate the high assessment of our achievements by the Russia's leading industry magazine," said Sergei Monin, member of the Raiffeisenbank's Management Board. "It is always in critical times that loyalty of foreign financial institutions to their Russian business is put to test, as it becomes clear who had planned a long-term business strategy for the market, and who had only been chasing a quick profit. Just as it did in 1998, Raiffeisen Group has once again proved that it takes its presence in Russia seriously and intends to stay here for a long time".

A few years after its inception, the Finance. award ceremony has become a key event for the business community, and the prizes are acknowledged as a solid proof of the winner's success. This year's ceremony was attended by over 300 guests.