Erste Private Banking Dominates Euromoney Awards with Six Distinctions Across Central and Eastern Europe
(IN BRIEF) Erste Private Banking has been honored with six best-in-class awards by Euromoney, highlighting its exceptional performance across multiple regions. In Austria, the bank was recognized as the “Best Private Bank,” “Best for High-Net-Worth” clients, and “Best for Discretionary Portfolio Management,” driven by its robust advisory services and leading investment fund business. In Romania, through Banca Comercială Română, it secured the “Best Private Bank” title by managing €2.7 billion in assets for around 3,500 affluent clients. In Croatia, the bank was awarded for excellence in discretionary portfolio management, serving over 1,000 wealthy clients with nearly €900 million in assets. Additionally, Erste Group’s Chief Investment Office was recognized as the best in the CEE region, a testament to its innovative strategies and strong regional expertise, as noted by top executives across the organization.
(PRESS RELEASE) VIENNA, 31-Mar-2025 — /EuropaWire/ — Erste Private Banking has achieved six best-in-class distinctions in the latest Euromoney private banking awards, further cementing its leadership in the industry. In Austria, the bank has been recognized as the “Best Private Bank” and “Best for High-Net-Worth” clients, while its Romanian arm, delivered through Banca Comercială Română (BCR), earned the title of “Best Private Bank.” Additionally, Erste received the “Best for Discretionary Portfolio Management” accolade in both Austria and Croatia—an area managed by Erste Asset Management—and was honored as having the “CEE’s Best Chief Investment Office.”
In Austria, Erste Private Banking distinguishes itself through outstanding advisory services and a strong investment fund business, serving over 6,700 clients with total assets amounting to around €51 billion. Roland Jacubetz, Head of Private Banking & Wealth Management at Erste Bank Oesterreich, remarked on the recognition, emphasizing that the awards validate the trust of their clients and the success of their tailored discretionary portfolio management solutions.
Heinz Bednar, CEO of Erste Asset Management, noted that the Euromoney Awards are an independent endorsement of their investment decisions and the deep expertise of their asset managers. Meanwhile, in Romania, Erste Private Banking, offered by BCR since 2010, has built a formidable presence in Bucharest and other major cities, managing assets of approximately €2.7 billion for around 3,500 ultra-high-net-worth and high-net-worth clients. Ana Maria Beznoska, Head of Private Banking at BCR, expressed pride in receiving the prestigious award, highlighting the consistent commitment to exceeding client expectations through a diverse range of investment solutions and a focus on digital innovation.
In Croatia, where Erste has been active since 2007 with offices in Zagreb, Rijeka, and Split, the bank’s private banking division serves more than 1,000 affluent clients, managing nearly €900 million in assets. Kristina Buconjic, Head of Private Banking at Erste Bank Croatia, stated that the award reflects the division’s long-term commitment to service excellence and the strong collaborative support from Erste Group and Erste Asset Management.
At the regional level, Erste Group has been honored with the title of “CEE’s Best Chief Investment Office.” Rainer Hauser, Head of Group Investment Management, Private Banking & Wealth Management at Erste Group, commented that these awards across Austria, Romania, and Croatia, along with the recognition of their Chief Investment Office, underscore the firm’s regional expertise, dedicated teams, and the trust their clients place in them. He emphasized that this recognition motivates the group to continue evolving, innovating, and delivering tailored, forward-thinking solutions to protect and grow clients’ wealth.
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First published in this link of EuropaWIRE.
