OREANDA-NEWS. On July 15, 2008 The international banking and finance magazine Euromoney ranked DnB NORD as best banks in Lithuania and Latvia. This is the second year running that Euromoney has nominated DnB NORD Bankas as the Best Bank in Lithuania, reported the press-centre of DnB NORD Bankas.

In Lithuania DnB NORD Bankas won the top spot for its fast asset, loan portfolio and profitability growth, Euromoney said in a comment to its annual Awards for Excellence 2008 announcement.

“The award granted to DnB NORD Bankas for the second year running shows that sustainability is always rewarded and it is a clear signal that our strategy to focus on long-term relationship with our customers by delivering them superior service quality delivers continuous success. We all are proud about this award, that comes as a result of hard and persistent work of the whole team of professionals and take it as obligation to work even harder for achieving our main goal – to be the country’s most dynamic financial institution,” says the Chairman and of the Management Board and the CEO of DnB NORD Bankas Werner Schilli.

Last year AB DnB NORD Bankas won Euromoney’s recognition for its rapid business expansion and the ability to win the right sort of business in Lithuania’s booming economy. That award came on the heels of the bank’s ranking as Lithuania’s Best Debt House in 2006 for its initiative in promoting equity-linked bonds in the market and its role in making the securities available to retail investors.

AB DnB NORD Bankas is a member of DnB NORD banking group which was established by the Norway’s largest bank DnB NOR and North Germany’s largest bank NORD/LB. In Lithuania DnB NORD Bankas runs three subsidiaries: UAB DnB NORD Lizingas, UAB DnB NORD Investiciju Valdymas and UAB DnB NORD Bustas.