OREANDA-NEWS. May 12, 2010. International Capital and Financial market magazine Euromoney honoured Ukio bankas with two prestigious awards. Ukio bankas was named the best local bank in Lithuania’s private banking and wealth management survey 2010, reported the press-centre of Ukio Bankas.

Besides, having assessed Lithuanian private banking market, experts of the prestigious magazine named Ukio bankas the best private banking services provider in Lithuania.

London based magazine Euromoney analyses banking operations and financial services across the globe and each year awards the best banks and other financial institutions.

Euromoney has been arranging private banking and wealth management surveys for 18 years and the magazine’s awards are regarded as prestigious acknowledgement in financial services sector. The survey is conducted by areas of service in 110 countries.

Awards for private banking services are based on the evaluation client growth in the sector, private banking income of the last year, qualification of private bankers. Euromoney specialists select the winner after quantitative and qualitative review of the financial institution. Those who provide the highest quality services, offer innovative solutions and are distinguished by expert proposals become winners.

“Since 2004 the team of our journalists and editors have delved into the world of private banking looking for best companies and professionals who develop private banking services. We review 70 countries around the globe and select winners in two categories – global and regional. Our survey is a unique signpost showing what is best in private banking and wealth management,” writes Euromoney editor Clive Horwood.

“The honourable award given to Ukio bankas by Euromoney experts shows that we are professional and reliable private banking service providers. These awards are subject to the evaluation given by world-class professionals and their opinion is very important. We are the first Lithuania’s commercial bank operating for more than 20 years, therefore we are well aware of our clients’ needs and are able to provide special proposals and financial instruments according to their individual needs and earn their confidence,” said chairman of Ukio bankas Board Gintaras Ugianskis.

Ukio bankas started providing private banking services in 2007. Ukio bankas stood out in Lithuanian private banking services market as a promoter of new non-traditional investment options. The Bank offered the opportunity to invest in precious metals and stones, pieces of art, vintage beverages etc. Ukio bankas opened doors to other banks of the world for its clients: in 2008 Ukio bankas was the first bank in Lithuania that had offered services of Swiss Credit Suisse bank.