LONDON, August 12, 2016 /PRNewswire/ --
Vladimir Eftimoski of Macedonia's Stopanska Banka a.d. Bitola is the delighted recipient of two high-level awards from Business Worldwide Magazine (BWM).
Eftimoski fought off strong competition to win the titles of both Banking Industry CEO of the Year Macedonia and Most Innovative CEO of the Year Macedonia.
This was achieved through the mid-level bank altering its focus from long-term government securities into the partial sale of property in relation to investment funds. They have also invested heavily in - and increased - the number of employees in the bank, improved its ATM infrastructure and recently issued a corporate bond of five million Euros - the first of its type ever in Macedonia.
Eftimoski explained his philosophy for the bank was to remain positive, despite the economic and political turmoil the country has experienced in recent years.
"Trends in the Macedonian banking sector have shown continuous stability and increased levels of liquidity," he said. "Thankfully it remains generally immune to the political crisis in the country.
"And, in fact, we see our greatest advantage as our speed and flexibility to use this period of economic and political crisis to reorganise and consolidate. Our immediate intention is to attract a foreign strategic partner interesting in an evolving Macedonian market."
Referring to his two BWM awards Eftimoski said he was especially pleased with the recognition which they would bring to Stopanska Banka a.d. Bitola - one of two banks in Macedonia which is developing the innovative project M-payment scheme.
A spokesman for BWM said the panel had agreed unanimously to present Eftimoski with both awards.
"Vladimir's continuing positivity in the face of what was clearly a dire economic situation really impressed us, together with his determination to change a negative situation into a positive and to embrace those changes wholeheartedly," he said.
The proof that the bank's initiatives are working are evidenced in the fact that its retail loans grew by 9.36 % in the first five months of 2016 compared to the end of 2015, and 33.48% compared with the same period in 2015.
When it comes to the bank's future its relationship with clients is the primary focus, said Eftimoski, all the way through to a higher level of social responsibility.
For more information on Stopanska Banka a.d. Bitola see http://www.stbbt.com.mk
An article on the company can also be found on BWM website
For more details on Business Worldwide Magazine Awards 2016, go to http://www.bwmonline.com/awards/
About Business Worldwide Magazine
Business Worldwide Magazine is the leading source of business and dealmaker intelligence throughout the world. Our quarterly magazine and online news portal enables an established audience of corporate dealmakers to track the latest news, stories and developments affecting the international markets, corporate finance, business strategy and changes in legislation. This readership includes of CEO/CFO - Banks, Corporate Lawyers and Venture Capital/Private Equity Companies to name a few.
SOURCE Business Worldwide Magazine