Butterfield Bank has been named Bank of the Year in Bermuda for the seventh consecutive year.

The award for 2019 was bestowed upon Butterfield by UK-based international banking industry periodical The Banker, a publication of The Financial Times, which annually selects banks in more than 100 countries to receive its Bank of the Year awards.

In making their selections, Butterfield said, The Banker’s global editorial team considers not only a bank’s financial performance, but also strategic initiatives, innovative use of technology and service delivery channels, and efforts to extend banking services to all parts of the community.

Michael Neff, Butterfield’s managing director in Bermuda, said: “Having earned the Bank of the Year distinction for seven straight years in Bermuda is a point of pride for all of us at Butterfield.

“The last few years have been a period of strategic growth and change for Butterfield Group, during which we’ve expanded our ownership base and extended our geographic reach. But our focus on serving the needs of our clients in Bermuda has been unwavering, and our international growth has enabled us to enhance the financial solutions we’re able to offer here.”

Mr Neff added: “This award reflects our commitment to Bermuda, and the efforts of our dedicated team of banking, trust and investment professionals who strive to exceed clients’ expectations every day, at every point of service. I would like to take this opportunity to thank them, and also thank our clients for their ongoing loyalty to the bank.”

Earlier this year, Butterfield was named Best Private Bank in Bermuda by PWM/ The Banker, the company said.

Butterfield also received the Bank of the Year 2019 award for the Cayman Islands, the fifth time it has received the award during the last seven years, the company said.

A full listing of winners will be published in the December edition of The Banker.