Top-tier Sub-Custodian Banks in Central and Eastern Europe projected for 2025
UniCredit, a leading financial institution, has established a strong presence in Central and Eastern Europe (CEE), offering comprehensive services and deep local-market knowledge. The bank operates under two service models: a direct-servicing model in 10 CEE markets and a hub and spoke model in Austria, providing clients with a single counterparty relationship.
The bank's client-centric approach emphasizes tailored post-trade solutions, process efficiency, strong operational risk management, and market advocacy. UniCredit has been recognised as the best sub-custodian bank in CEE, including Bosnia and Herzegovina, Bulgaria, and Hungary. The bank has consistently grown its assets under custody, revenue from existing customers, and secured new client mandates.
UniCredit's growth can be attributed to its focus on leveraging automation and artificial intelligence to streamline workflows. The bank has made significant enhancements in the straight-through processing of transactions, improving efficiency and reducing operational risks.
In addition to its service offerings, UniCredit has contributed to advancements and efficiencies with the market infrastructure. The bank has played a key role in reducing settlement cycles, improving taxation, managing corporate actions, and enhancing proxy voting processes.
UniCredit is also upgrading its TCS BaNCS custody system in eight markets and launching a data-aggregation platform. This move is aimed at providing clients with more effective digital client platforms for real-time access to portfolio transactions, complete with analytics and custom reporting.
The editorial board of a reputable website selected UniCredit as the country winner in Bosnia and Herzegovina, Bulgaria, and Hungary. The selection process took into account the quality of customer relations, service, technology platforms, and post-settlement operations. The board considered market research, expert sources, and banks' entry information for making the selections.
UniCredit is an advocate for its clients on regulatory and market developments. The bank's local market knowledge, regulations, and practices were also considered in the selection process. The editorial board did not consider advertisements in the selection process.
In conclusion, UniCredit's commitment to delivering top-notch services, innovative solutions, and operational efficiencies has earned it a prominent position in the CEE market. The bank's focus on client-centricity, market advocacy, and continuous improvement sets it apart as a trusted partner for clients in the region.
