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Euromoney names Swedbank leading bank in Lithuania and Estonia

12-07-2011 09:42

Euromoney, a world-leading financial markets magazine, earlier this week announced its award for the best banks of 2011. Swedbank was recognized as the leading bank both in Estonia and Lithuania, and was awarded The Euromoney Awards for Excellence 2011.

”This award encourages us to continuing our work and promoting a sound and sustainable financial situation for the many households and businesses”, Antanas Danys, CEO of Swedbank in Lithuania says.

Priit Perens, CEO of Swedbank in Estonia notes that it is important to notice the criteria of the selection. “Although the banks do compete for every client, it is based more and more on keeping a good relationship and noticing the needs of our clients”, Perens says.

According to the organizers, the competition between the banks for the awards had never been as high as this year. The strong credentials that so many banks demonstrated in so many products and countries shows the banking industry is well placed to withstand the challenges it without doubt faces given expected global economic developments, Euromoney said.

Since 1992 Euromoney has singled out the outstanding institutions in finance.

Over the years, the Awards for Excellence have evolved with the markets they cover. They now incorporate 25 global awards for banking and capital markets; and awards for the best banks and securities houses in almost 100 countries around the world.

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