Butterfield Bank (Cayman) Limited has been named Bank of the Year 2006 by The Banker magazine.
This marks the third time the bank has been honoured. It was awarded Bank of the Year in 2002 and 2004.
Parent company Bank of N.T. Butterfield & Son Limited of Bermuda also won the award for the fifth consecutive year.
‘Reflecting the ongoing efforts of our dedicated and capable employees, we are honoured to receive this recognition of the Bank’s financial and strategic accomplishments,’ said Conor O’Dea, Managing Director of Butterfield Bank, Cayman.
The Banker’s global editorial team considered not only financial performance, but also strategic initiatives, innovative use of technology and commitment to human resources initiatives in selecting winners. The entries are judged on performance over the past year, as well as the strength of the banks’ position for the future.
In both the Cayman Islands and Bermuda, Butterfield Bank received recognition for its continued strong financial performance, focus on innovation and customer satisfaction across an array of financial services and delivery channels and investment in employees’ training and development. The Bank of the Year awards are granted in over 100 countries each year. Banks invited to apply for the award must meet specific performance standards to be eligible.
‘Butterfield Bank is pleased to once again be the recipient of The Banker’s Bank of the Year awards in Bermuda and the Cayman Islands,’ said Alan Thompson, president & CEO of Butterfield Bank, Bermuda. ‘The success we have enjoyed is a direct result of the efforts of our employees who have worked hard to integrate new businesses, introduce innovative products and services and strengthen relationships with our customers.’