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  • Sri Lanka’s banks had seemed poised for a recovery in early 2020: almost a year had passed since the bomb attacks which killed more than 250 people, hitting tourism and other businesses. But then the pandemic struck.
  • NDB Investment Bank, led by chief executive Darshan Perera, stood out yet again as Sri Lanka's best corporate and investment bank.
  • Digital initiatives for retail customers usually attract the most attention when outsiders try to spot important innovations, and they may serve only a small proportion of a bank's client base. This year's award for best digital bank in Sri Lanka recognizes how important digital was for all clients during the pandemic and goes to NDB for its focus on technology for SMEs.
  • HSBC has been in Sri Lanka for more than a century, making it a tough name to beat in the best international bank category.
  • Credit Suisse, which has operated in Pakistan since the 1990s, has an enviable relationship with the Ministry of Finance, having arranged the government’s first loan in 2013.
  • For the third year in a row, JS Bank is Asiamoney’s best bank for small and medium-sized enterprises (SMEs) because of its unwavering focus on this part of the market during a particularly tough period.
  • It may take some time for a large, state-owned bank to get its digital initiatives off the ground, but Bank of China Hong Kong proves that when it does, it can be a resounding success.
  • Citi has operated in Hong Kong for more a century, so it has long been the go-to bank for some of the city’s biggest names. The bank's influence and strengths are apparent from its numerous relationships with Hong Kong's top players, as well as from its many retail banking clients who want the reach and capabilities of an international bank.
  • Covid-19 relief and response activities were the central theme in almost all of this year's awards pitches to Asiamoney. Every part of the global market has been touched by the pandemic, with governments, agencies and banks working double-time to keep the economy, markets and businesses functioning. Small and medium-sized enterprises (SMEs) have naturally required more support, with Hang Seng Bank stepping up to the plate in Hong Kong.
  • Hong Kong SAR has faced a couple of rough years: protests brought parts of the city to a grinding halt for several months, then the Covid-19 pandemic hit the economy. So far, 2021 has not been easy as the city continues to fight the spread of the virus and tries to position itself for recovery when its borders and businesses are fully open again.
  • Citi has operated in Hong Kong for more a century, so it has long been the go-to bank for some of the city’s biggest names. The bank's influence and strengths are apparent from its numerous relationships with Hong Kong's top players, as well as from its many retail banking clients who want the reach and capabilities of an international bank.
  • Asiamoney
    How should financial authorities contain the risk of bank defaults? Two Swiss academics have sketched an answer.