International Banker Awards 2021 for Western and Eastern Europe

IIn light of the last United Nations Climate Change Conference, COP26, held in Glasgow, Scotland, much of the most notable recent banking activity has been around lenders’ commitments to cope with climatic risks. In the UK, for example, Bank of England (BoE) Governor Andrew Bailey confirmed in early November that he would step up scrutiny of how UK financial institutions identify these risks, stressing that the problems are already having an impact on the UK economy. “As we move into 2022, we will be shifting gears in our approach to surveillance at the national level to ensure that companies identify and address climate-related financial risks,” Bailey said in his Nov. 3.e speech at the conference.

Several UK banks have also joined a global alliance to end dependence on coal-fired electricity around the world. HSBC Group, Lloyds Banking Group and NatWest Group will be among the 10 financial institutions signatory to the Powering Past Coal Alliance (PPCA), established by the United Kingdom and Canada in 2017.

French banks have been criticized by the country’s financial regulators in the run-up to COP26, in particular regarding the vagueness of their climate commitments. According to the Autorité des Marchés Financiers (AMF) and the Prudential Control and Resolution Authority (ACPR), which published a joint report on October 26, financial institutions (FIs) provided clear information on the release dates the coal industry last year, but their policies remain inconsistent and often lack transparency. The report recommended that FIs agree on common definitions to measure fossil fuel exposures and cover the entire value chain.

French lenders are also expected to maintain their loan loss provisions (LLP) in the third quarter through 2022, alongside their Spanish counterparts, as they remain on a wait-and-see basis regarding the impacts of the coronavirus pandemic. Although other European lenders have started releasing some of these funds as the lockdowns end and economic activity resumes, French and Spanish banks have been among the most cautious in the region, accounting for seven of the ten. first places for loan loss provisions. in the first six months of the year across the continent’s 25 largest lenders in terms of total assets, according to S&P Global Market Intelligence.

Leading Polish lenders have warned that efforts to boost green finance will require additional regulatory support and economic incentives, especially if the Polish banking sector is to succeed in reducing its dependence on coal. Last year, the country accounted for 96 percent of total European Union (EU) coal production and 43 percent of total EU coal consumption, according to Eurostat. And figures provided by the Polish pro-climate organization Rozwój Tak-Odkrywki Nie (RT-ON) put the value of loans given to Polish companies involved in dirty investments, mainly coal-related, to around 36 billion zlotys (9, 06 billion dollars) between October 2018 and October 2020.

After the Czech central bank, the Czech National Bank (CNB), raised its two-week benchmark pension rate by 75 basis points at the end of September – the biggest increase in almost a quarter of a century – the Association Czech bank (CBA) has announced that it expects the move to have the greatest impact on business lending, while the impact on mortgages will be less pronounced as they react more at longer-term rates. “Thus, mortgage rates will continue to increase moderately, continuing the trend of recent months. However, there is no need to worry about mortgage rates rising as fast as the CNB is raising rates, ”the association concluded. More rate hikes are widely expected, Bloomberg News quoting CNB Governor Jiří Rusnok as saying future decisions would be decided based on the size and frequency of further rate hikes.

Austria’s largest banks will also benefit significantly from the CNB rate hike, especially given their significant presence in the Czech Republic. Erste Group Bank and Raiffeisen Bank International (RBI) in particular rely on the country as a key foreign market, the former with around 4.5 million Czech customers and the latter 1.4 million. According to data from S&P Global Market Intelligence, Erste made 382 million euros of its group-wide operating profit of 1.96 billion euros from its Czech operations in the second quarter, while the Czech presence of RBI accounted for 124 million euros of its 1.38 billion euros of group-wide operations. Income.

Sberbank Europe AG, a subsidiary of Russia’s largest bank, recently confirmed that it will sell some of its banks in Central and Eastern Europe with total assets of 7.33 billion euros ($ 8.51 billion) . Sales are being finalized so that Sberbank can focus on key markets and explore new business models. The banks to be sold are located in Bosnia and Herzegovina, Croatia, Hungary, Serbia and Slovenia, totaling 162 branches and around 600,000 customers by the end of 2020. And they will be transferred to AIK Banka ad Beograd, Gorenjska Banka dd, Kranj and Agri Europe Cyprus Ltd., sales of which are expected to close next year.

>>> WESTERN EUROPE AWARD WINNERS

BANKING CEO OF THE YEAR
Western Europe
Mr. Frank Vang-Jensen

Nordea Bank Abp (Finland)

**********

BEST CUSTOMER SERVICE
SERVICE PROVIDER OF THE YEAR

Western Europe
Commerzbank AG (Germany)

**********

Best Banking Group Austria
Erste Group Bank AG

Best Netherlands Banking Group
ING Groep SA

Best Investment Bank of the Year Greece
AXIA Ventures Group

Best Investment Bank of the Year Italy
Mediobanca

Best Investment Bank of the Year Portugal
Banco Invest

Best investment bank of the year in Switzerland
Swiss credit

Best Investment Bank of the Year Turkey
ICBC Turkey

Best UK Investment Bank of the Year
Barclays

Best Commercial Bank of the Year France
BNP Paribas

Best Commercial Bank of the Year Ireland
Bank of Ireland

Best Commercial Bank of the Year Malta
BNF Bank

Best Commercial Bank of the Year Sweden
Handelsbanken

Best Commercial Bank of the Year Turkey
ICBC Turkey

Best Private Bank of the Year Austria
Erste Private Bank

Best Private Bank of the Year France
BNP Paribas Private Bank

Best Private Bank of the Year Portugal
Banco Finantia

Best private bank of the year in Switzerland
Piguet Galland & Cie SA

Best Private Bank of the Year in UK
Coutts & Cie.

Best Innovation in Retail Banking in Denmark
Danske Bank A / S

Best innovation in retail banking in France
Agricultural credit

Best Retail Banking Innovation in Malta
BNF Bank

Best innovation in retail banking in Spain
Banco Santander

Best Innovation in Retail Banking in Turkey
Turkish bank group

>>> WINNERS OF THE EASTERN EUROPE AWARDS

BANKING CEO OF THE YEAR
Eastern Europe
Mr. sea Tetik

Banca Transilvania (Romania)

**********

BEST CUSTOMER SERVICE
SERVICE PROVIDER OF THE YEAR

Eastern Europe
Alfa Bank (Russia)

**********

Best Hungary Banking Group
OTP Group

Best Investment Bank of the Year Croatia
Zagrebačka banka

Best Commercial Bank of the Year Albania
Banka Kombétare Tregtare (BKT)

Best Commercial Bank of the Year Bulgaria
UniCredit Bulbank

Best Commercial Bank of the Year Croatia
OTP Bank

Best Commercial Bank of the Year Czech Republic
eská spořitelna

Best Commercial Bank of the Year Estonia
LHV Pank

Best Commercial Bank of the Year Georgia
Bank of Georgia

Best Commercial Bank of the Year Poland
PKO Bank Polski

Best Commercial Bank of the Year in Serbia
AIK Banka

Best Private Bank of the Year Croatia
Zagrebačka banka

Best Private Bank of the Year Czech Republic
SOB

Best Private Bank of the Year Georgia
Bank to be confirmed

Best Private Bank of the Year Hungary
OTP Private Bank

Best Innovation in Retail Banking Bulgaria
UniCredit Bulbank

Best innovation in retail banking in Croatia
Erste Bank

Best Innovation in Retail Banking Czech Republic
Komerční banka

Best innovation in retail banking in Estonia
Coop Pank

Best Innovation in Retail Banking Georgia
Bank of Georgia

Best innovation in retail banking in Poland
Pekao Bank

Best innovation in retail banking in Romania
Banca Transylvania

Best innovation in retail banking in Russia
Alfa Bank

Best innovation in retail banking in Ukraine
Private banking

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