Butterfield Bank has been named the Best Bank in Bermuda for a second straight year by Euromoney, one of the world's leading financial publications.

Butterfield Bank won the award for the first time in 2006 — the inaugural year this honour was available in Bermuda.

Alan Thompson, Butterfield Bank's president and chief executive officer was understandably delighted to receive the accolade.

He said: "Everyone who works at Butterfield Bank can feel proud of this award as we have all worked hard to continuously improve our services, products and performance."

Clive Horwood, editor of Euromoney, told Butterfield Bank: "Please accept my congratulations to you and all of your colleagues on an excellent 12 months for your firm. Competition is extremely tough for these awards and therefore winners richly deserve the accolade."

Euromoney Awards for Excellence are seen as benchmarks in the global banking industry. Winners are chosen by a panel of Euromoney editors, with assistance from their correspondents in each region. The awards highlight superior products and services across all areas of commercial and investment banking, regionally and globally.

While the awards have been in existence for 15 years, they were awarded regionally until 2006, when Euromoney recognised the Best Bank in each of the major countries in the Caribbean. Since 2006, Bermuda has been placed in the Caribbean's regional catchment area.