Bermuda

Awards of Excellence
Latin American regional awards

Best Bank: Butterfield Bank

Butterfield Bank posted another strong performance during the first quarter of 2007, following record 2006 results. Net income for the three months to March 31 2007 was $35.7 million, an increase of 7.8% on the same period the previous year. Pre-tax net income was $37.3 million, a rise of 11%. Diluted earnings per share were $1.22, an increase of 7 cents. During the past few months, Butterfield Bank has introduced new products and services, including 100% mortgage financing for qualifying home buyers in Bermuda; a special account, called Young Savers, for customers aged 10 to 18; and MasterCard Black (an “above platinum” credit card for select customers, offered by invitation only).