Another International Award: Global Finance has recognized Šiaulių Bankas as the Best Bank in Lithuania


This is the twenty-third year that the magazine Global Finance has selected top banking performers in emerging markets in Central and Eastern Europe and has recognized Šiaulių Bankas as the best bank in Lithuania. This is the second award granted to Šiaulių Bankas for the last year performance - a several month ago influential magazine The Banker has  recognized Šiaulių Bankas as the best national bank 2015.

"Awards granted to Šiaulių Bankas by two solid international magazines are significant recognition of our intensive work completed over the recent years. For such an outstanding acknowledgement I am grateful to all employees of the bank and the group as well as to all our clients - we have been improving and growing together, we have successfully tackled the challenges and achieved the result we are proud of.  Customers' expectations are always the best  guidelines for our future activities, therefore  we are going to continue taking advantage of our strengths enhancing the customer well-being in line with business and economy in the country ", - says Vytautas Sinius, Chief Executive Officer of Šiaulių Bankas.

This year the list of the top banks in Central and Eastern Europe drawn by Global Finance consisted of 21 bank. Independent experts have evaluated the banks operating in various countries according to growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products and services.

Commenting on the survey Joseph D. Giarraputo, publisher and editorial director of Global Finance has emphasized the headwinds faced by the banks in 2015 including geopolitical risk, volatile economic and market conditions and still-changing regulatory regime. According to him the best banks were those that excelled at addressing the needs of their clients and had the deepest commitment to the markets in which they operate, despite the uncertain conditions they face.

The Global Finance award is the second nomination granted to Šiaulių Bankas for the performance in 2015. Late last year Šiaulių Bankas was recognized as the best bank in Lithuania 2015 too. This award was granted by The Banker, a magazine focused on analysis of banking activities and forecasts of financial markets that is being issued by one of the world's leading financial publications The Financial Times, which also recognized Šiaulių bankas as the best Lithuania bank in 2013.

Global Finance founded in 1987 and headquartered in New York addresses the audience is interest in finance issues. The magazine has a circulation of 50 thousand and readers in 188 countries.  Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers.

Last week Global Finance magazine named the World’s Best Emerging Markets Banks in Central & Eastern Europe in its press release.