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IBOS member Nordea has, for the second consecutive year, won The Banker’s Transaction Banking Award for the Nordic region.

On Monday 2 October 2017, Nordea was awarded The Banker’s “Transaction Banking Award 2017 for the Nordic region”. According to The Banker, the award recognises “the importance of transaction banking and transaction services to the banking industry as a whole”. The winning bank must demonstrate success in diverse initiatives intended to improve productivity, raise service levels and gain strategic advantage.

According to The Banker’s report, Nordea scooping the prize for the Nordics once again is
“unsurprising since it has been working tirelessly to create a new type of transaction banking business over the past three years. It has been a visible pacesetter in digital development and future banking initiatives throughout the region.”

Peter Hupfeld, Co-Head of Transaction Banking at Nordea, commented:
“I’m really happy and proud that we have won this award, especially for the second year in a row. It shows that we are really coming together and performing as one TxB in the eyes of the market and our customers.”

Nordea introduced a new Transaction Banking area in early 2016 in an effort to increase cooperation across Trade Finance, Nordea Finance, Cash Management, Cards and Working Capital Finance.

Erik Zingmark, Co-Head of Transaction Banking at Nordea, commented:

“It is a big honour to be recognised by a globally renowned and respected publication like The Banker magazine. As the award is based on our deliveries and initiatives over the last 12 months, it reflects the progress we have made at Nordea Transaction Banking and assures us that we are moving in the right direction as we create the future of Transaction Banking together with our customers and partners.”

Read the full press release via Nordea here and the article in The Banker here.