Nordea has been named 'Best Regional Bank in the Nordics and Baltics' in the Euromoney magazine awards 2008. Euromoney is a British-based international finance magazine, and while the awards carry no official weight, fresh silverware always looks good in the corporate cabinet.
It is the second time in two years that Nordea has claimed the regional crown.
Nordea also picked up a gong as 'Best Bank in Finland' for thesixth time. Euromoney's panel of judges has taken into account volumeof business transacted, innovation and leadership, credit ratings,quality of assets and earnings, efficiency ratios and key performanceindicators.
"We are very proud to be able to accept theseawards, and see this as added confirmation that we are acknowledged asthe leading bank in the Nordic region. The dedicated efforts of ourpeople and our focus on helping our customers to achieve their goalshave been the basis of this success," said Nordea's Carl-Johan Granvik.
Another Baltic winner was Estonian company GILD Bankers which won in the category - admittedly rather esoteric - for Best Mergers and Acquisitions house in Estonia.
Euromoney acknowledgedGILD Bankers for an impressive track record of innovative and market leadingtransactions in the assessed period across a number of industries in Estonia.
In 2007 GILD Bankers completed several landmarktransactions in online media, including the sales of popular webportals auto24 . ee and
www.cvkeskus.ee . In addition GILD advised the car retail group ELKE in thesale of shares to Amber Trust, Baltic booze distributor.
