Asiamoney Best Bank Awards

Hamkorbank wins best bank for small and medium-sized enterprises in Uzbekistan in recognition of its continued commitment to providing high quality service to SME clients in the country. Some 98.87% of the bank’s corporate clients are SMEs, and as of January 1, 2023, Hamkorbank holds 19.12% of the SME market in Uzbekistan.

Khan Bank, the largest commercial bank in Mongolia, has been named best bank for environmental, social and governance in the country this year in recognition of its work to develop green financial products and services and to support sustainability.

Trade and Development Bank (TDBM) takes the diversity and inclusion award in Mongolia this year thanks to its clear strategy to improve gender equality within and outside the bank.

International sanctions against Russia and a slowdown in China’s economy have presented difficult challenges for Kazakhstan’s banking industry this year. Nevertheless, the country’s best domestic bank, Forte Bank, put in a good performance.

Mongolia’s best bank for corporates this year is Golomt Bank, which has enhanced its products and services to support the changing needs of domestic corporates.

High mobile phone penetration in Mongolia has driven domestic banks to ramp up their digital transformation efforts. Khan Bank was the first in Mongolia to introduce internet banking in 2007. Its mobile application was launched in 2013, and in 2022, users of its digital platform totalled 1.7 million (close to 50% of the population), with the ratio of transactions made through digital channels over conventional reaching 99%.

Golomt Bank takes the best domestic bank award for Mongolia this year in recognition of its financial performance and efforts to improve sustainability and diversity.

Golomt Bank distinguished itself during the awards period as a leader in corporate social responsibility demonstrating commitment to Mongolia's social and economic development and cultural heritage.

Industrial Bank of Korea is named the best bank for small and medium-sized enterprises in Korea this year thanks to its provision of specialized services to the sector, from flexible financing to personalised advisory.