OREANDA-NEWS. July 21, 2008. International representative financial edition "Euromoney" has announced DnB NORD Banka as the best bank in Latvia in 2008, reported the press-centre of DnB NORD Banka.

DnB NORD Banka has won this prestigious nomination due to stable and meeting the economic situation in Latvia growth of assets, deposit bas e and loan portfolio in 2007, Euromoney announcement says. When commenting the award of the "Latvian best 2008 bank" title to DnB NORD Banka, "Euromoney" experts emphasise also the bank's considerable investments in IT  and product development, which provide to DnB NORD Banka even better prospects.

DnB NORD Banka's President Andris Ozolins tells: "The prestigious award of "Euromoney" business magazine is assigned based on qualitative and quantitative analysis of every country's banking sector, with account of such factors as the respective bank's market share and its market position, innovations introduced, staff professionalism, the company's balance sheet, changes of capital and reserves, introduction of new products and securities emissions, as well as transactions made within 12 months.

We are really proud that this international business edition has highly valued DnB NORD Banka's successful development strategy and the professional and inspired work of the bank's employees!

DnB NORD Banka shall continue developing steadily, paying a special attention to further improvement of financial products and services for SMEs, as well as to the development of investment products, both retail and corporate. To provide to the bank's customers ever better service, this year considerable investments are made in the IT system modernisation, so I am sure that DnB NORD Banka is decisively approaching the strategic goal and is becoming one of the leading banks in Latvia".

International business magazine "Euromoney" is being issued since 1969 and during this period it has acquired the status of a prestigious finance analysis edition providing to a wide international readers' audience analytical articles, deepened investigations and surveys of financial topicalities in the world.