UniCredit awarded Best Sub-custodian Bank in Central Eastern Europe, Austria and four other countries

  • UniCredit was awarded Best Sub-Custodian Bank in 2020 in Central and Eastern Europe and Best Sub-Custodian Bank in Austria, Bulgaria, Hungary, Serbia and Slovenia

UniCredit has been recognised as the Best Sub-custodian Bank in Central and Eastern Europe for 2020 by Global Finance for the eleventh year in a row. Alongside this regional award, the bank also took home gold in several individual country awards, scooping the title of Best Sub-custodian Bank in Austria, Bulgaria, Hungary, Serbia and Slovenia.

The awards for each region and country are determined by Global Finance’s editorial board, factoring in market research, input from expert sources and users of sub-custodian services, as well as bank submissions, in order to select the institutions that reliably provide the best services in local markets.

The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices.

Günter Schubert, UniCredit Bank Austria Management Board member responsible for Corporate & Investment Banking, added: “We take great pride in our sub-custodian services and are delighted to have received awards not only as the best sub-custodian bank in Central and Eastern Europe but also in a number of local markets, including Austria. Our continued focus on providing high-quality, tailor-made and digital solutions has been central to our work over the past years and it is a pleasure to see the recognition of our continued efforts and our strong positioning in the region. This also underlines our dedication, throughout the recent pandemic, where we ensured a continued high-quality service. I am very proud of the dedicated teams across all of our countries who make it possible to keep our leading role and deliver excellence.”

UniCredit Bank Austria Media Relations
Franziska Schenker, Tel.: +43 (0) 5 05 05-51417;
E-Mail: franziska.schenker@unicreditgroup.at