Glitnir ‘best bank’ in Iceland

Global Finance, the international financial news magazine, has named Glitnir the ‘Best Bank’ in Iceland in its 2007 ‘World’s Best Developed Market Banks’ awards.

The awards were made to ‘banks that attended carefully to their customers’ needs and accomplished enviable results while laying the foundations for future success’.

“We recognise Glitnir for their outstanding accomplishments,” said Joseph D. Giarraputo, publisher of Global Finance. “Conditions in each market may have differed, but the winning banks were all noteworthy in their dedication to satisfying their customer’s needs”.

Global Finance has over 50,000 subscribers and more than 250,000 readers in over 158 countries. Some of the other banks awarded top places in their markets were; Citi in the US, Danske Bank in Denmark, Barclays in the UK and Deutsche Bank in Germany.

Some of the areas assessed are; growth in assets, profitability, geographic reach, new business development and innovation in products. In addition, leading equity and credit rating analysts, banking consultants and other industry players lend their opinion to the annual survey.

Glitnir’s CEO Larus Welding said, “As a well-established Icelandic and Nordic based bank with a fast-growing international network, our aim is to deliver a reliable, yet dynamic and innovative banking service to our clients. To do this, we draw worldwide on the expertise within our group to provide our customers with top flight banking products and services. Thus the hard work and successes of our colleagues around the world have also contributed to our winning this award for our Icelandic operations.”