This is the second time Šiaulių bankas has been appointed an international award for last year’s activities – a few months ago another influential financial magazine The Banker also named Šiaulių bankas as the best bank in Lithuania in 2015.
“Awards from two solid international publications to Šiaulių bankas are really important recognition of our intense work in recent years. For such impressive ratings I thank all the bank‘s and bank group‘s employees, as well as all our customers,” said Vytautas Sinius, Chief Executive Officer at Šiaulių bankas.
An independent panel of experts evaluated the activities of banks by asset growth, profitability, strategic partnerships, customer service, competitive pricing and product and service innovations last year.
“We have been growing and improving together, successfully dealt with the challenges and achieved results we can be proud of. Customers’ expectations are always our guidelines for future activities, so we will use our potential to continue building customers’ prosperity, businesses and the economy of the country,” he said.
Commenting on the results, Global Finance publisher and chief editor Joseph D. Giarraputo highlighted the challenges that the banks faced in 2015 including geopolitical risks, unstable economic conditions, volatile markets and changes in monitoring requirements.
The Financial Times magazine The Banker has also elected Šiaulių bankas as the best Lithuanian bank in 2013.