| Nordic and Baltic regional Awards for excellence | ||
| Denmark | Estonia | Finland |
| Iceland | Latvia | Lithuania |
| Norway | Sweden | |
 |
Best bank: DnB Nord Banka Best M&A house: SEB Enskilda |
DnB Nord Banka maintained its strong record in Latvia in 2007 – growing at almost twice the market average – with assets up by 37% over the year and the bank’s deposits increasing by 11%. The bank’s profitability has been remarkable: profit increased by 95% last year and shareholders have enjoyed a compound five-year growth rate in total equity of 44.16%.
At the same time, the bank has been careful to take Latvia’s overheating economy into account and has tightened its lending policy and limited lending growth to the market average – it grew 39% last year.
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