Tatra Banka

Tatra Banka, part of the Raiffeisen Group, has won the award for the second consecutive year owing to continued impressive profitability, growth in the local market and the success of its internet banking.

According to International Accounting Standards (IAS), which the bank implemented for the sake of transparency, Tatra increased net profit 13% last year and had an ROE of 29.4%. Its cost-to-income ratio was 56% and its assets grew by 17%.

The growth in assets was due in part to the bank’s expansion of its retail and corporate businesses. While other banks in Slovakia were forced to close branches, Tatra Banka enlarged its retail network to 96.

In its corporate business, the bank captured market shares of 26.7% for corporate deposits and 20% for corporate loans, as the number of clients rose 27%.

Tatra Banka was the first institution in Slovakia to offer internet banking services, which it refined last year with the launch of “i:deposit” (an interest-bearing account maintained on the internet) and “i:expert” (an internet banking service that aims to provide better ways of using the bank’s services).

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