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Rietumu Bank achieves ‘Best Again’ according to SPEAR’S Russia Magazine

02-Dec-2016 / Products & Services Yesterday, at the SPEAR’S Russia Wealth Management awards ceremony, the prize for the nomination of ‘Best Private Bank in the CIS and Baltic States’ was awarded to Rietumu Bank.

Within the competition’s framework, its authoritative and professional jury selected the best representatives from private banking industry, wealth management, and related industries.

The honorary award was received by Rietumu Bank’s president Alexander Pankov.



According to Alexander Gafin, a member of the Rietumu Bank Council, ‘Next year, Rietumu Bank will celebrate its quarter-century anniversary. In this regard, we are particularly pleased, not only due to the mere fact of being awarded this prestigious professional award which, by the way, our bank is being awarded for the sixth time, but also due to the sheer stability and continuity the bank’s success in this regard. Six awards in succession is not so much a product of good fortune as it is a guarantee of quality. This is an apparent recognition of the success of the bank’s business philosophy, its strategy and practical work, and also its ability to achieve results. We are very grateful to our clients, partners, and friends for their cooperation and trust. Special thanks for this success must go to the wonderful team of highly skilled professionals at Rietumu Bank”.

Alexander Gafin received personal award in nomination “Private Banking & Wealth Management Industry Legend”.

The shortlist for this prestigious award and its various categories included financial industry leaders such as Alfa Bank, VTB24, Promsvyazbank, Sberbank, Friedrich Wilhelm Raiffeisen, UniCredit Bank, Goldman Sachs Private Wealth Management, Julius Baer, and UBS Switzerland, plus investment and consulting companies, as well as a number of leading experts in the field of finance.

Winners in each category were determined by a jury which was chaired by Arman Dzhilavyan, the publisher of SPEAR’S Russia.

The course of voting by industry professionals and the work of the jury was followed by the independent consultant for the award, the company PricewaterhouseCoopers.

SPEAR’S Russia Wealth Management Awards is the first annual award in Russia to discover the best representatives in the private banking industry, wealth management, and also in related industries. This award is granted as a companion to its more prestigious relative, the British SPEAR’S Wealth Management Awards, which is organised each year in London by the SPEAR’S UK magazine.

According to experts, the SPEAR’S Russia magazine and its award occupy a unique place in the financial services market. This is a rare opportunity to provide an independent and objective assessment of the professional qualities of this community of participants, and celebrate their achievements over the past year.



Eleonora Gailisha
Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail: egailisha@rietumu.lv
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