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Finland

Best bank
Nordea Best debt house
Citigroup

Best equities house
Alfred Berg and ABN Amro Rothschild

Best M&A house
Enskilda Securities

Nordea remains the top bank in Finland. It has a leading market share across products and is the largest bank in terms of assets. Together, Nordea, Sampo Bank and Okobank account for 90% of total lending and deposits in Finland but Nordea has the largest share in both areas.

As well as being the dominant corporate and retail bank, Nordea has good operating efficiency. The bank has sold its subsidiaries ? Nordea Bank Sweden, Nordea Bank Danmark and Nordea Bank Norge ? to Nordea AB, which affects any comparison with 2002.

Citigroup has the second-highest market share for bond issuance in Finland and wins best debt house for its deals for Fortum and for the Republic of Finland, and its strength in the loan market.

Citigroup advised Fortum on a combination of the company?s inaugural issue and an exchange offer on its holding of bonds in Birka Energy ? a company Fortum had acquired. In total this was a e2 billion deal. Citigroup was the sole lead adviser on the exchange offer and joint bookrunner with Morgan Stanley on the bond issue.

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