OREANDA-NEWS. July 18, 2011. Euromoney, the world’s leading financial markets magazine, announced the best banks of 2011. Swedbank was recognized as the best bank both in Estonia and Lithuania, and awarded The Euromoney Awards for Excellence 2011, reported the press-centre of Swedbank.

”This award encourages us continuing our work and promoting a sound and sustainable financial situation for the many households and businesses”, Antanas Danys, CEO Swedbank Lithuania says.

Priit Perens, CEO of Swedbank in Estonia notes, that it is important to notice the criteria of the selection. “Although the banks do compete for every client, it is based more and more on keeping the good relationship and noticing the needs of our clients”, Perens adds.

According to the organizers, they have never experienced such strong competition between banks for the awards as we have this year. The strong credentials that so many banks demonstrated in so many products and countries shows the banking industry is well placed to withstand the challenges it without doubt faces given expected global economic developments.

Since 1992 Euromoney, the world’s leading financial markets magazine has singled out the outstanding institutions in finance.

Over the years, the Awards for Excellence have evolved with the markets they cover. They now incorporate 25 global awards for banking and capital markets; and awards for the best banks and securities houses in almost 100 countries around the world.