UniCredit Bank entered top 3 best banks in the Private Banking & Wealth Management category according to Frank Research Group
Frank Research Group announced the winners of the annual rating “Frank RG Private Banking Rating 2015" in the categories The Best Bank in Private Banking and The Best Bank In Private Banking & Wealth Management. This is the first ranking of the Russian banks working in private banking segment, based on a thorough analysis of the main characteristics and offers of the market players for wealthy clients. In the study, in the category of Private Banking & Wealth Management Frank Research Group’s analysts examined the banks that provide comprehensive advisory and banking services to wealthy clients in the Russian market and have a high penetration rate in the investment products market (over 20%).
UniCredit Bank took the 3rd place in the ranking. Also, the top 5 includes Friedrich Wilhelm Raiffeisen, Citigold Private Banking, А-Club and М2М Private Bank. 19 banks, occupying 70% -75% share of the Private Banking market, participated in the research.
"We are constantly working to provide our customers with services and products of the highest quality,” said Kirill Zhukov-Emelyanov, Member of the Management Board of UniCredit Bank, ”This study once again confirms that we are one of the leading banks in Private Banking market in Russia and it is a joint achievement of our Russian Private Banking Department and UniCredit Private Banking Division that provides us with all-round support ".
"We set ourselves the task to form a structured regular understanding of the private banking market that will help market participants to make effective decisions and could be used as a base for medium and long-term strategies. This is the most extensive study of the Russian Private Banking market in its history ", noted Yury Gribanov, CEO of Frank Research Group.
Award ceremony and presentation of research results took place on 3 March 2016.
About Frank RG Private Banking 2015
«Frank RG Private Banking 2015" is the first ranking in Russia, based on full, accurate and structured knowledge base of the Russian private banking market. Rating calculation is carried out based on the results of research of the private banking and private banking & wealth management segments in close collaboration with the major players in the market.
The 2015 survey included 25 expert interviews with the heads of private banking divisions, 23 interviews with customers, and 38 interviews with the managers of departments, 20 visits of the “mystery shoppers” to the branches and processing of 118 questionnaires of clients. The research also included review and assessment of the main characteristics of the private banking market players, including reliability, offering of the banking and non-banking products and services, investment service parameters, the presence of companies abroad, the level of service organization and offices characteristics. The data were analyzed by 320 parameters. The calculation of the basic parameters was made separately by segment private banking and private banking & wealth management based on analysis of 118 questionnaires and 23 interviews with clients of the banks.
About Frank Research Group
Frank Research Group is a leading research company in the area of the analysis of the competitive environment of the Russian financial market. It has worked on the Russian market since 2008 conducting regular research of retail banking market and its segments, annual market research of private banking and premium banking services as well as banking loyalty programs.