Asiamoney Best Bank Awards
LATEST ARTICLES
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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.
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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.
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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.
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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.
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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.
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Citi is Kazakhstan’s best bank for corporate social responsibility after running initiatives to support the local community and to promote sustainability.
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Halyk Finance wins best investment bank in Kazakhstan. Rated BB+ by Fitch, it has the highest credit rating among domestic banks with no foreign participation.
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Hana Bank wins best domestic bank in Korea this year after a solid financial performance and innovation in its digital offering.
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After performing strongly across all products, recording high income growth and enhancing its offering, KB Securities is Korea’s best investment bank this year.
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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%.
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Khan Bank is Mongolia's best bank for small and medium-sized enterprises after having grown its business and commitment to the segment.
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Citi is named best international bank in Korea after an improved year-on-year financial performance.
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The implementation of a clear and successful digital strategy sees kakaobank take best bank for digital solutions in Korea.
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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.
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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.
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Citi is the best international bank in Kazakhstan, with a 25% market share of processed payments through correspondent accounts. It provides Kazakh clients with a variety of cross-border products, such as debt capital markets and services to those considering international expansion.
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For underwriting a range of sustainable debt financings and an equity deal over the awards period, Morgan Stanley wins Japan’s best bank for environmental, social and governance this year.
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Resona Group wins best bank for small and medium-sized enterprises this year. It rivals the country’s larger banks in terms of the scale of its loan portfolio to the segment and its commitment to these businesses through various products and services.
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MUFG Bank is Japan’s best bank for corporates after a period of impressive financial achievement. It has made investments to help foster the development of the country’s startup culture and to help improve sustainability among its corporate community.
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After a period that saw the bank achieve solid market share in all core parts of its investment banking business in Japan, Morgan Stanley is named best investment bank in the country this year.
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Despite challenges both domestically and abroad, MUFG Bank has been named Japan’s best domestic bank following a relatively strong financial performance that supports the business's growth.
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Citi is the best international bank in Japan this year after a period of good financial performance and the introduction of changes to improve efficiency and returns.
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Hamkorbank, one of the first banks opened in the country following independence in 1991, wins best domestic bank in Uzbekistan for its performance over the awards period this year.
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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.
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Asia Alliance Bank is the best bank for digital solutions in Uzbekistan following continued improvement in its digital platform. In the past year, it has worked with a software developer to design and launch a new app.
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Sumitomo Mitsui Banking Corporation has backed initiatives to support the elderly and the young and to improve education among those who struggle to access it in the country. It is named best bank for corporate social responsibility in Japan this year.
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The first domestic bank in Korea to produce a sustainability report, Shinhan Bank is named best bank for environmental, social and governance in the country after pursuing a robust sustainable agenda through financing activities and a series of sustainable partnerships.
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Shinhan Bank is Korea’s best bank for corporate social responsibility. It has an extensive range of initiatives targeting individuals of all ages and abilities, and it supports business startups across the country.
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Tenge Bank, a subsidiary of Halyk Bank, the largest financial group in Central Asia, wins the award for best international bank in Uzbekistan.
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Citi is named best bank for diversity and inclusion in Japan after introducing a range of programmes and benefits for employees with a broad impact.
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Following a notable period of growth for Japan’s largest bank by customers, Rakuten Bank wins the best bank for digital solutions award this year.
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China Merchants Bank
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SBI Royal Securities
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Kiatnakin Phatra Securities
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Vietcap Securities
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Siam Commercial Bank
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Maybank Investment Bank
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Indo Premier Sekuritas
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Which banks in each market have excelled across a range of core banking activities over the past 12 months?
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Ping An OneConnect Bank
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Airtel Payments Bank
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Commercial Bank of Ceylon
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Japan’s biggest banks generally recorded solid performance in the financial year ending March 31, 2022, thanks to their retail and global corporate banking business lines. Of the lot, Mitsubishi UFJ Financial Group impressed the most, making it Asiamoney’s best domestic bank in Japan in 2022.
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Citi’s global franchise needs little introduction. The same is the case in Japan, where the US bank has been present for 120 years and has built a reputation for offering world-class financial products and services.
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In its 50 years in Japan, Morgan Stanley has showcased how effectively it can navigate challenges and remain impactful as it proves its mettle and expertise to clients.
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Japan’s biggest banks generally recorded solid performance in the financial year ending March 31, 2022, thanks to their retail and global corporate banking business lines. Of the lot, Mitsubishi UFJ Financial Group impressed the most, making it Asiamoney’s best domestic bank in Japan in 2022.
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Nomura has taken its corporate social responsibility initiatives in Japan and overseas very seriously for a long time. It has been involved in pioneering financial literacy since the 1990s – and it is still a key area of focus.
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Citi’s global franchise needs little introduction. The same is the case in Japan, where the US bank has been present for 120 years and has built a reputation for offering world-class financial products and services.
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Small and medium-sized enterprises in Japan still face a tough business environment: even though the effects of the pandemic have eased somewhat, supply-side limitations, such as a rise in raw material costs and fuel hikes, have added to the pressure.
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Digitalization in Japanese banking took a big leap during the pandemic. As customers had no choice but to go virtual for their banking needs, digital solutions were crucial. With its strategic goal of helping to solve social issues digitally, Rakuten Bank stands out from the pack.
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China Merchants Bank was a clear outlier among its domestic banking peers in the mainland in the past year as its 3.0 business model took shape and produced solid results.
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As the world’s largest bank by assets, Industrial and Commercial Bank of China has proven time and again that it is more than capable of navigating any headwinds and challenges that come its way.
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Ping An Bank’s transformation over the last five years has given it an undisputed, and long, lead over its peers in digital solutions.
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Bank of China has long been at the forefront of the mainland’s environmental, social and governance ambitions, and its pivotal role in driving the national agenda has gained steam in recent years.
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Small and medium-sized enterprises are the mainstay of the Chinese economy, given they account for about 97% of all firms in the country and play a vital role in providing employment opportunities.
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Every bank in China has put corporate social responsibility firmly in its sights, especially over the past few years of pandemic-induced hardships. But the Asiamoney 2022 award for best bank for CSR in the country goes to China Construction Bank for going above and beyond the standard CSR focus.
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HSBC has operated in mainland China since 1865 and is a force to be reckoned with: it is the largest foreign bank in the country, operating in 50 cities, with 150 outlets and over 7,000 employees.
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As a US bank operating in China, Citi has had to balance difficult political relations between the two countries to run its business, navigating trade tensions, a sparring of words between the presidents of these two superpowers, disputes over US audits of Chinese firms, and the near-halt of lucrative China-into-US IPOs.
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Creating a version of Silicon Valley in Mongolia has always been the driving force behind LendMN, founded by Anar Chinbaatar, Boldbaatar Ochirsuren, Otgonbayar Uuye and Otgonbayar Purevsuren.
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There are few Asiamoney awards categories for Kazakhstan that Halyk Bank doesn’t have a reasonable claim to this year. Its investment and corporate banking franchises are hard to beat, while its role in supporting small and medium-sized enterprises and its prowess in disrupting its own business model deserve a shoutout.
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Citi has operated in Kazakhstan for more than 25 years; even so, the challenges posed by the pandemic, geopolitical events and the most aggressive US Federal Reserve tightening cycle in decades still came as quite a shock.
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Bank CenterCredit, one of Kazakhstan’s oldest commercial banks, has evolved to form the backbone of the corporate system that stabilizes the economy. Its extensive branch network and its universe of correspondent relationships with more than 40 foreign banks have proved indispensable in these last few years.
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Home Credit Bank Kazakhstan has made tech disruption its brand over the years.
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Shinhan Bank arguably pioneered the finance culture that built the modern banking industry in South Korea. The firm has its roots in Hanseong Bank, which dates back to 1897. But even now, Shinhan is setting the pace for the country’s financial sector.
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Shinhan Bank arguably pioneered the finance culture that built the modern banking industry in South Korea. The firm has its roots in Hanseong Bank, which dates back to 1897. But even now, Shinhan is setting the pace for the country’s financial sector.
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In May 2022, when South Korea’s startup accelerator D.Camp opened its first office in the port city of Busan, Kam-Chan Ahn topped the list of VIP invitees. After all, as chief executive of regional powerhouse Busan Bank, Ahn’s leadership team has carved out quite a name for itself among innovators in Korea’s second-biggest city.
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The unmatched global network that Citi brings to South Korea is offering local clients ready access to international markets. The bank also excels at providing multinational corporations operating in Korea with access to the local market, making it an obvious choice for best international bank in the country.
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Like South Korea’s economy, KB Financial Group has a knack for coming through a crisis looking relatively unscathed.
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KB Kookmin Bank has boosted its support for small and medium-sized enterprises at incredible speed in recent years, with a tilt towards South Korea’s blossoming technology sector.
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In the past year, Trade and Development Bank of Mongolia consolidated its leading position as the universal banking service provider of choice for corporations.
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In the past year, Trade and Development Bank of Mongolia consolidated its leading position as the universal banking service provider of choice for corporations.
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No one does corporate social responsibility in the country on the scale of Trade and Development Bank of Mongolia, which pairs its CSR operations with its increasing commitment to sustainability in the local market.
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When Norihiko Kato took the helm of Golomt Bank in 2019, he had little idea of the global chaos to come. The Covid-19 pandemic greatly complicated plans to expand the bank’s business in the retail, corporate and small and medium-sized enterprise sectors. But Golomt succeeded anyway.
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Excelling at diversity is about much more than naming a couple of women to top jobs.
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It is said that the true test of leadership is a crisis – and KakaoBank’s top executives were certainly put to the test on several occasions during the awards period.