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FINANCIAL LEADERS' HALL OF FAME 2019

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As we come to the end of a year dominated by legislative unpredictability and political instability, Romania's banking and financial sector looks back proudly on its success stories. In this context, Business Arena continues to salute and recognize the efforts and achievements of successful companies, banks, entrepreneurs and investors.
Dubbed the engine that drives the economy, banks and the financial sector were the first to come into focus, as Business Arena held its annual Financial Leaders’ Hall of Fame awards gala, in the presence of more than 100 banking and financial leaders, professionals and diplomats. 
Operating in a highly competitive environment, banks and financial institutions have made outstanding progress in introducing new and innovative products and cutting-edge technologies in order to adapt their business model to the requirements of the new millennium. 
However, the business environment hasn't always offered the best conditions for development. Moreover, the economy is expected to slow down in the short run, according to a report released at the beginning of the fourth quarter by Banca Transilvania experts, who noted that the main risks to Romania's economic growth were related to the global and European macro-financial climate, with impact for the capital flows directed to the emerging markets, the economic policy mix and the public tensions in the country as well as the regional geopolitical climate. Several policy mix uncertainties such as the discontinuity of reforms, the fragile stance of the public finance and the increase of state intervention in the economy were balanced by the excess liquidity. In addition, inflationary pressures will remain high in the short run, given the labor market tensions and the depreciation of the leu, they added.


THIS YEARS' WINNERS:

BEST FINANCIAL ADVISER
KIWI FINANCE

For achieving a high level of recognition and outstanding success in one of the most competitive financial services sectors.

MOST INNOVATIVE BANKING PRODUCT
IDEA::BANK

For its outstanding role in promoting innovative products and services, reflected in its new partnership with eMAG to provide financing to companies using eMAG's marketplace platform.

BEST USE OF TECHNOLOGY IN BANKING
RAIFFEISEN BANK ROMANIA

For digital transformation, strategic thinking and innovation
in providing cutting-edge products and services, reflected in the launch of RaiPay and Apple Pay support for its customers.

MOST DYNAMIC M&A EXPANSION PROGRAM
FIRST BANK

For its successful acquisition of a majority stake in Bank Leumi Romania, with outstanding strategic thinking and dedication to consolidating its local presence.

RETAIL BANK OF THE YEAR
BANCA COMERCIALĂ ROMÂNĂ

For successful operations in one of the most competitive financial market segments, with outstanding products and services for its large customer base.

RETAIL PRODUCT OF THE YEAR
OTP BANK ROMANIA

For achieving a high level of recognition and admiration for its successful mortgage products and services, providing an excellent balance in terms of costs and benefits.

SPECIAL ACHIEVEMENT AWARD
ALPHA BANK ROMANIA

Recognizing superior planning and strategy reflected in this year's successful 200-million-euro covered bond issue, representing the first covered bond issue in Romania and a milestone for the local capital markets.

MOST ADMIRED FARMER SUPPORT PROGRAM
LIBRA INTERNET BANK

Recognizing superior planning and strategy reflected in successful development of innovative products and services dedicated to local farmers.

BEST BANKING STRATEGY
GARANTI BANK

For achieving a high level of recognition in the market for its outstanding strategy reflected in successful development of operations.

CORPORATE BANK OF THE YEAR
CEC BANK

For achieving a high level of recognition and responding better than any other bank to corporate customers’ needs and expectations.

BANK OF THE YEAR
BANCA TRANSILVANIA

Recognizing superior planning and outstanding strategy reflected in successful development of operations.

BANKER OF THE YEAR
RADU GRAŢIAN GHEŢEA

For achieving a high level of recognition and admiration from the general business community for outstanding results and qualities of creative leadership, reflected in his crucial contribution to CEC Bank's transformation into a successful commercial bank.





Coming back to last night’s awards gala, the special event was moderated by Andy Alexandru Antemia and it was organized in partnerships with Raiffeisen Bank, First Bank, EximBank, CEC Bank, Apulum Porcelain Factory, Meli Melo, World Class Romania, Via Viticola, Casa Anke, Kanal D, Trends By Adina Buzatu, Happy Forever,  Ramada Bucharest Parc Hotel.



See Business Arena’s upcoming print edition for more details,
photos and winners’ reactions.







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