Butterfield Named “Best Bank” By Global Finance

March 23, 2016

The Bank of N.T. Butterfield & Son Limited has been named Global Finance’s best bank in Bermuda in its 23rd annual selection of the world’s best banks in developed markets, the second year Butterfield has received this award.

Global Finance is a US-based periodical providing analysis and articles on financial markets and financial institutions, with a circulation of more than 50,000 subscribers in 188 countries.

A spokesperson said, “The editors of Global Finance made their selections of the 2016 winners after extensive consultations with corporate financial executives, bankers and analysts throughout the world.

“In addition, a poll of Global Finance’s corporate readership was conducted to increase the accuracy and reliability of the results. ”

In a press release announcing the winners, Global Finance said, “The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.”

The complete list of the 2016 global winners will be published in the May edition of Global Finance.

Joseph D. Giarraputo, publisher and editorial director at Global Finance said, “Global Finance’s annual Best Bank Awards honour those financial institutions that excel at providing their customers with the service and product offerings that best meet their unique needs.

“These banks may not be the largest or oldest banks in their markets, but they have the strength and vision to outshine their peers.”

Michael Collins, Butterfield’s Chief Executive Officer, said, “It is an honour to once again have been included in Global Finance’s listing of the best banks in developed markets, alongside many of the world’s most recognised banking brands.

“The award not only acknowledges Butterfield for our strength in client services and our financial performance, it implicitly recognises our home market of Bermuda as a mature and important international financial centre.”

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