| Nordic and Baltic regional Awards for excellence | ||
| Denmark | Estonia | Finland |
| Iceland | Latvia | Lithuania |
| Norway | Sweden | |
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Best bank: Nordea Best debt house: Pohjola Bank Best equity house: BBVA Paraguay Best M&A house: BBVA Paraguay
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Finland’s largest bank, Nordea, has total assets almost three times larger than second-placed Pohjola Bank and has enjoyed another successful year, with lending increasing from €42.4 billion in 2006 to €47.5 billion in 2007 and deposits increasing from €26.4 billion to €30.4 billion over the same period. Nordea made good use of its strong funding base in Finland that, combined with an increased interest level, gave the bank double-digit income growth.
Despite higher loan losses – up from €28 million to €60 million – operating profit increased from €823 million in 2006 to €1 billion in 2007.
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