Nordea Finance – innovator of the year 2010 in Europe

In the first week of November, the leading journal for the leasing industry “Leasing Life” presented awards to the best financial companies of the year. Nordea Finance was knighted as the “Innovator of the Year 2010 in Europe”. The judges particularly commended the excellent development plan of Nordea Finance, surmounting the economic recession and internet-based car-leasing solutions.

Jukka Salonen, Head of Nordea Finance, “This is a tremendous recognition – it confirms that our job is appreciated and we are on the right track. We will keep on working, keep on developing, pursuing our values and strategy. The reason why Nordea Finance got nominated for this award, was the fact that we perceived and responded to the global economic recession in a way different from our rivals. We chose to grow, grab the chances, while others chose to sit on the fence or tried to optimize their expenses.”

Ivars Šmits, Chairman of the Board of Nordea Finance Latvia, “The title of the innovator of the year is a title, which any company could be proud of. It also is appreciated by our customers –we have become the leading leasing company in Latvia at the moment, accounting for 45% of all transactions on the new car leasing market. We are not of the sort to rest on laurels and stop on the already achieved. We are still on the watch-out for new opportunities and we are not afraid to accept a challenge.”

About Nordea Finance:

Nordea Finance is a Nordea group company in Northern Europe and Baltic region. Nordea Finance has specialized asset financing, offering finance lease, operating lease, full service car lease NF Fleet and factoring, as well as sales financing for car vendors and equipment vendors. We provide a unified service package in the entire region of our operation. Nordea Finance Latvia is among the most rapidly growing leasing and factoring companies in Latvia with 13 years of experience in business. The market share of Nordea Finance portfolio in Latvia is 10% at the moment.