Euromoney: SEB is the Best Bank in Latvia

Euromoney, the world's leading financial magazine, has recognised SEB as being the best bank in Latvia in its recent assessment of the financial sector, granting SEB the Euromoney Award of Excellence 2011 - Best Bank in Latvia.

SEB Group has also received several other awards:

• Best Bank in the Nordic & Baltic Region
• Best M&A House in the Nordic & Baltic Region
• Best Cash Management House in the Nordic & Baltic Region

CEO of SEB bank in Latvia, Ainārs Ozols: "We perceive any assessment as being the high reference of our activities by the community, our cooperation partners and our clients. In any economic cycle, SEB bank works in such a way that both we and our clients are able to be satisfied with our mutual collaboration. Good business results are an acknowledgement of this collaboration."

Head of SEB Baltic Division, Martin Johansson: "This is another achievement on the way to our ultimate goal. It is a high assessment of the SEB brand in Latvia which acknowledges that SEB in Latvia is a stable bank that is focused on strengthening its relations with clients."

In 2011 several other distinctions were also conferred upon SEB bank:

• SEB bank was awarded the Gold Category in the Sustainability Index;
• The Free Trade Union Confederation of Latvia recognised SEB bank as the 2010 Collaboration Partner in the Private Enterprise nomination;
• EMEA Finance recognised SEB bank as the best bank in Latvia;
• EMEA Finance recognised SEB Wealth Management as the Best Asset Manager in Latvia;
• The Latvian Employer Confederation recognised SEB bank as one of the three best employers in the Riga Region.

Annually since 1992 Euromoney has been providing its assessment on financial institutions worldwide, and this shows excellent performance results. At present, Euromoney is granting 25 international awards in the field of finance, including the best banks and securities brokers in a hundred countries worldwide.