OREANDA-NEWS. November 23, 2012. Raiffeisenbank won the Big Money — 2012 prize in the Foreign Bank of the Year competition. The Big Money prize is awarded annually to the best representative of the banking industry. Prize winners are chosen by the co-organizers and experts from Banker’s Day-2012, a joint project of Itogi magazine, international ratings agency Fitch Ratings and the Russian Union of Entrepreneurs and Industrialists, reported the press-centre of Raiffeisenbank.

"The world around us is constantly changing, client needs continue to evolve, and we have to keep up with the times, and perhaps keep ahead of the times. The jury’s decision proved that the results of our work are visible and useful to society", — Sergey Monin, Chairman of the Board of ZAO Raiffeisenbank said.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on Q3 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.