‘The Banker’ Votes Nordea Bank of the Year in Western Europe

Nordea was named ‘Bank of the Year’ among the leading European banks for 2012 by
‘The Banker’
magazine, which is owned by UK business daily the ‘Financial Times’. It becomes the first Nordic winner of the award.

“In times of tough economic conditions and constraining regulation, Nordea is a natural choice to award ‘Bank of the Year in Western Europe’,” said Brian Caplen, editor of
The Banker
. “The bank’s relationship banking model is proving highly successful and the bank has stood out as a beacon of stability and prudence in banking.”

Acknowledging the award, Nordea said that it took early action to adapt to a strained macroeconomic environment as well as new banking regulation. The bank not only maintained its ability to serve existing household customers, small and medium-sized companies and multinationals, but has also managed to attract new customers. Work was continuing in all parts of Nordea to further develop the services and the advice provided to customers and ensure compliance with the new financial market regulation.

“We have a good starting point, but we want to improve further in meeting our customers’ expectations and delivering solid financial results,” said Christian Clausen, group chief executive officer (CEO) of Nordea. “By continuously developing our prudent banking model and always putting the customer at the centre of everything we do, we will do our utmost to safeguard our strong position, also in a changed banking landscape.”

The magazine previously gave its ‘Bank of the Year in Western Europe’ award to Santander (2011), BNP Paribas (2010) and HSBC (2009).

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