Global Custodian Magazine has named Vojvodjanska Banka the best bank Serbia for keeping and administering securities.

This is the fifth straight year the bank has won this award, according to a bank press release.

"The fifth recognition in a row by one of the most influential world magazines is a great honor for us, but also confirmation that we have maintained our leader position in providing custody services," Xenofon Damaskos, a member of the bank's executive board, said in the release. "We have received the highest scores and achieved best results in these countries. We shall continue the policy of most efficient keeping and administering securities. We will build and maintain strong relationships with clients and persevere in developing the most advanced systems for providing services, in order to once again be the best next year and in the top of this important list."

Global Custodian Magazine is an international publication that covers securities around the world.