'Best bank in the UK' award goes to Abbey

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'Best bank in the UK' award goes to Abbey

Abbey has scooped Euromoney magazine's accolade for best bank in the UK for the second consecutive year at the publication's annual Awards for Excellence, it has emerged.

Criteria such as growth, efficiency and profitability are examined by the magazine's editors and the bank was recognised as being outstanding in all of these areas.

Euromoney stated that Santander's rebranding of Abbey, Bradford & Bingley and Alliance & Leicester represents "all the momentum" present within the UK's banking industry at the current time.

It also noted Abbey's 500,000 new customers and 11 per cent market share growth within the last year.

"To maintain this progress, complete two major acquisitions and deliver outstanding financial results despite the most difficult of market conditions is even more pleasing," commented chief executive of Santander's UK business Antonio Horta-Osorio.

Abbey, Bradford & Bingley and Alliance & Leicester are set to be fully rebranded under Spanish banking group Santander by the end of 2010.

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