Raiffeisen Bank International AG (RBI) has been named the best bank in the CEE region for the fifth year in a row by top financial magazine Global Finance. 

The bank was declared the regional winner in the magazine’s "World's Best Emerging Markets Banks 2011 in Central and Eastern Europe" category. 

"Global Finance's 'Best Bank in CEE' award recognizes both the measures we undertook to adapt to the changed market environment, primarily by implementing an intragroup merger, as well as the unique strength of our presence in CEE," said Herbert Stepic, CEO of Raiffeisen Bank International.

It is the seventh time in eight years that RBI has won the award.