OREANDA-NEWS. On July 11 2008 The international economic magazine Euromoney has again awarded Hansabank the title of "Best Bank in Estonia", having done so on several occasions in the past, reported the press-centre of Hansabank.

Hansabank was awarded the title due to the lead position it has maintained in different segments of both the retail and business banking markets of Estonia and its continued rapid growth in 2007. In making its decision Euromoney also emphasised that in terms of a range of indicators Hansabank is well prepared for the changing economic situation in Estonia and the Baltic States and is paying closer attention to risk management.

Euromoney has been presenting the world’s best financial institutions with the "Euromoney Awards for Excellence" for 16 years. This year’s awards process began in April, with the final field totalling more than 600 of the world’s leading financial service providers. In awarding its titles Euromoney takes both quantitative and qualitative indicators into account, including various financial indicators and innovation achievements in the previous 12 months.