Eurobank EFG was declared the “Best Developed Market Bank” in 2009 by the internationally renowned magazine Global Finance.
As noted by the magazine, the distinction, which concerns financial institutions in developed countries, is awarded to banks that responded effectively to the needs of their customers in difficult periods for the markets and achieved important objectives, while laying the foundations for future successes.
Various objective criteria were examined and the views of analysts, evaluation firms, banking consultants and other executives of the banking industry were taken into account during the evaluation. The objective criteria included the growth in assets, profitability, geographic expansion, the creation of strategic partnerships, new business and innovation in product design.
According to Global Finance, the combination of these factors leads to the emergence of leading banks which may not be the biggest, the oldest or the most diversified in each country, but those with which international organizations prefer to deal with.