| Global Awards for Excellence | ||
| Western Europe Regional Awards of Excellence | ||
| Austria | Belgium | Cyprus |
| France | Germany | Greece |
| Ireland | Italy | Netherlands |
| Portugal | Spain | Switzerland |
| UK | ||
 |
Best Bank: Banco Santander Totta |
In a tumultuous year for Portuguese banking, two of the five largest groups required recapitalization. Banco Espírito Santo raised €1.2 billion – this followed a May 2006 capital-raising of €1.38 billion. However, shareholders’ equity today is only about €4.6 billion, raising questions about the group’s capital consumption. During the awards period, BES still had the lowest tier I capital of the big five.
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