Kaupthing Best Bank in the Nordic Region and Iceland

Euromoney recently announced the winners of its Awards for Excellence - the most prestigious awards in the global banking industry.

(PRWEB) July 14, 2007 -- Euromoney cited Kaupthing's staggering asset growth and impressive financial ratios as part of its rationale in awarding Kaupthing this prestigious honour. Ármann Thorvaldsson, CEO of Kaupthing Singer and Friedlander, collected the award on behalf of the bank.

Kaupthing's position in Northern Europe has been strengthening and this award is a great incentive to move further into this market. This is an award that all of the employees of this bank have earned; it's our team work that drives us forward.

In response to the award announcement, Hreidar Már Sigurdsson, CEO of Kaupthing Bank, stated that, "It gives me particular pleasure to accept this international award, which is recognition of our good work." Sigurdsson further noted that "Kaupthing's position in Northern Europe has been strengthening and this award is a great incentive to move further into this market. This is an award that all of the employees of this bank have earned; it's our team work that drives us forward."

The Euromoney Awards for Excellence are the most prestigious awards go to the firms and the people that run them, that have shown consistent excellence in what they do - in terms of service to clients, returns to shareholders and pushing the boundaries of what is possible in finance. They are also a recognition of institutions and individuals that demonstrate leadership, innovation, and momentum in the markets in which they excel.

About Kaupthing Bank

Kaupthing Bank is a northern European bank offering integrated financial services to companies, institutional investors and individuals. These services include corporate banking, investment banking, capital markets services, asset management and comprehensive wealth management for private banking clients. The Bank operates in ten countries, including all the Nordic countries, Luxembourg, Switzerland, the UK and the US. In addition the Bank operates a retail franchise in Iceland, where it is headquartered.

Kaupthing Bank is currently among the seven largest banks in the Nordic region in terms of market capitalization. Through sound organic growth and strategic acquisitions like the UK bank Singer & Friedlander in 2005 and FIH Erhvervsbank in Denmark in 2004, Kaupthing Bank has fortified its position to provide outstanding services to its client base in the UK, the Nordic countries and elsewhere in northern Europe. The Bank has 2,719 employees and total assets of EUR 42.9 billion (as of 31 December 2006).

For further information about Kaupthing visit the bank's website, www.kaupthing.com

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