E Top 5 Eastern European Banks To Keep An Eye On

Banks in Eastern Europe have gained a foothold in recent years. Some of them offer unique innovations, as well as, various choices regarding money management. Even though there are a lot of banks which indeed provide a high-quality service, as well as, a customer-oriented environment in this article, we will talk about the top 5 Eastern European banks, coming from Moldova, Russia, and Georgia

Alfa-bank

Alfa-Bank is the largest private bank in the Russian Federation, one of the five largest banks in Russia in terms of assets according to Forbes. It is also the fifth bank in Russia in terms of assets (the first among private banks). It has about 800 branches and offices in more than 100 cities in Russia. The main office is located in Moscow.

In 2019, Alfa-Bank’s mobile banking application rose to third place in the Best Daily Bank rating and took first place in the Best Digital Office rating.

Phygital (from physical and digital) is Alfa-Bank’s concept combining digital and physical experience. The bank management has repeatedly stated that it does not plan to abandon branches and switch completely to digital format. At the same time, the offices plan to significantly modify, using biometrics, geolocation, and other digital technologies. 

TBC Bank

TBC is the leading bank in Georgia; its main office is located in Tbilisi. It is widely known for offering wide opportunities and financial services to people. At the same time, TBC has one of the best mobile banking systems in the world.

For the first time in history, Global Finance, a global financial publication has named TBC Mobile Banking the best mobile banking bank in the world.

The award was given to the bank in 2019 for its continuous development of the best digital capabilities and the latest technologies. At the same time, the bank is one of the few entities, offering trading with stocks and gives citizens in the country insight on how to trade on the stock exchange for Georgians as well as access to other financial instruments. 

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