OREANDA-NEWS. July 18, 2011. Euromoney, the world’s leading business and investment magazine, has named SEB the best bank in the Baltic States and the Nordic countries and also the best bank in Latvia. In addition to these titles, which the bank won as part of the Euromoney’s Awards for Excellence 2011, it was also a nominee in a number of other categories: best performer of M&A transactions and best provider of cash management services in the Baltic States and Nordic countries, reported the press-centre of SEB.

Riho Unt, chairman of the management board of SEB Estonia, says that Euromoney’s recognition does the bank enormous credit. “The awards underscore the strong position SEB’s in, in both the Baltic States and the Nordic countries, and in terms of both its financial services and as a brand,” he said. “And being recognised like that makes us pretty much duty-bound to take the reins on the banking market in our area of operations.”

SEB has won Euromoney awards on a number of previous occasions. In 2008 it received a total of nine – three at the Baltic and Nordic level and a further six at the national level. In 2010 SEB Latvia won the title of best private bank at the national level, while two years previously SEB and SEB Enskilda were named the best brokers in Estonia.

First published in 1969, Euromoney has been presenting its own awards since 1992. The main selection criteria in the case of financial companies are the sizes of their assets, capital, profit and deposits, as well as other indicators. Based on analysis of these figures, the magazine nominates the companies it sees as offering their clients the highest quality service. Financial companies are ranked in 20 different categories in more than 100 countries around the world.