Euromoney names SEB bank - the best bank in Latvia

In its latest assessment of the financial sector, the world's leading financial magazine Euromoney has named SEB banka the best bank in Latvia in the 2018 Euromoney Awards for Excellence.

Ieva Tetere, Head of SEB bank in Latvia:

"We are pleased that, despite the recent turbulence of the upheavals in the non-resident sector, SEB banka succeeded to demonstrate strong fundament development and stable growth of customers serving the domestic market. Due to our business strategy to focus efforts by serving local inhabitants and companies, we can be proud of having impressive organic growth, healthy profitability and technological sophistication.

Despite of the growing regulatory requirements, we pay a lot of attention to implement requirements in our business and cooperation with clients, including the Second Payment Services Directive (PSD2) requirements, which will enable to offer various licensed service providers to our customers.

Notable achievements in innovation during the awards period include the introduction of mobile app for client authentication for internet banking, as well as the launch of a new version of SEB bank’s mobile banking app. SEB successfully introduced a new core IT system, which is being rolled out across the group`s subsidiaries in the region.”

The Awards programme, run by Euromoney’s editors, recognised banks in almost 100 countries, in all regions and in 20 global categories. The Euromoney team received almost 1,500 submissions, interviewing over the course of the awards period close to 1,000 bankers in an intense process that lasted four months.

For almost 50 years, Euromoney has been the leading publication for covering the growth of international finance. Over the past 12 months its coverage has included interviews with close to 100 bank CEOs, ministers of finance and central bank governors around the world. Euromoney's Awards for Excellence are the awards that matter to the banks and bankers who matter. They were established in 1992 and were the first of their kind in the global banking industry.