The research company Frank Research Group presented the results of the study "Private Banking in Russia 2017", which include a rating of banks active in the Russian Private Banking market.
UniCredit Bank’s Private Banking was ranked one of the top five leading banks in the Russian Private Banking market in 2017. In total, 17 banks, which in total account for 75% of the Russian Private Banking market, participated in the research.
"The Russian Private Banking market is highly competitive and to be ranked among the top five confirms the high quality of our products and services. Among our strengths are the high reliability of UniCredit Bank as a financial institution, our professional team as well as the close cooperation within UniCredit Group. This allows us to offer our clients products that help them achieve their goals even when the situation in the market is unfavorable”, said Kirill Zhukov-Emelyanov, Member of the Management Board of UniCredit Bank.
The awarding ceremony and presentation of the research results took place on June 20, 2017 in Moscow. During the awarding ceremony in the historic mansion on Volkhonka a panel discussion was also held with the participation of the most representative personalities of the Russian Private Banking market, in which Igor Ryabov, Head of Private Banking at UniCredit Bank, took part.
Frank RG Private Banking Rating is the annual rating of banks servicing clients of the private banking segment in Russia, based on a deep analysis of the main characteristics and offers of the market players serving wealthy clients. For the first time Frank Research Group presented the rating in 2016, then it included 19 banks which were divided into two categories - private banking and private banking & wealth management. This year, FRG presents a unified rating in terms of compliance with the criteria of the "classical" private banking model, which is based on wealth management services.