UniCredit recently was named the Best Bank in Central and Eastern Europe, and Italy by EMEA Finance magazine.
The magazine recognizes financing and banking excellence in institutions across Europe, taking a number of items into consideration including market shares, growth and corporate strategy.
The bank also received an award for being the top project financing institution within Central and Eastern Europe.
"We are very proud of these achievements, which recognize that UniCredit always strives to offer the best possible service," UniBank General Manager Roberto Nicastro said. "Our group continuously invests in research to develop innovative solutions for our clients, whether they are individual or corporate customers. The group's solid results, fueled by increased profitability in Italy and resilience in [Central and Eastern Europe], confirm that we are on the right path."
Tim Burke, editor of the magazine, noted that the bank's prosperity is apparent with the success of its subsidiary banks, which also were award recipients.