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  • Bank Mandiri’s chairman and chief executive tell Asiamoney how Indonesia and their bank will weather the coronavirus pandemic.
  • Erick Thohir once owned the Italian football team InterMilan. Now Indonesia’s president Joko Widodo has handed him one of the country’s toughest jobs: reforming creaking state-owned enterprises. If he succeeds, he could even get a shot at the presidency.
  • For a country where approximately 90% of the population is unbanked, Myanmar is flush with banks. But the sector is dominated by just a handful of private institutions. Among them, CB Bank is the most impressive, with a strategy that targets retail, SMEs and corporations, and gaining strength from an intriguing digital approach.
  • Internet and mobile have become ubiquitous terms in Myanmar’s financial industry. All of the top names, as well as smaller banks, have rolled out digital services, including payments apps and e-wallets. But CB Bank is Asiamoney’s best digital bank because alongside its increasingly popular smartphone app it is pursuing an internal digital and technological transformation that will improve its operations and boost market share.
  • International banks don’t have an easy time in Myanmar under the eyes of the central bank and regulator, but Singapore’s OCBC has been one of the most innovative and adaptable foreign players since it set up office in 2015.
  • KBZ Bank, led by chief executive Mike DeNoma, is the largest bank in Myanmar by many measures, which means it can reach communities in need, funding schools, healthcare and programmes on a level its peers can’t match.
  • Myanmar’s economy is driven in large part by small and medium-sized enterprises (SMEs). Most banks try to target as much SME business as possible, but Ayeyarwady Bank, in particular, is known for its wide penetration and active lending in this sector.
  • Early Dawn Microfinance was born under the wing of Save the Children International in 2002 as a donor-funded programme, but it was spun off in 2015 as an independent company and has become one of Myanmar’s largest and most reputable microfinance institutions (MFI).
  • Arif Habib Limited is among the leading brokerages and investment banking firms in Pakistan. During Asiamoney’s awards period, the non-banking finance company made its mark in corporate finance and advisory, even though growth concerns and rising debt put pressure on the economy.
  • Asaka Bank is the second-largest bank in the country, boasting assets of Som35 trillion ($3.7 billion) at the beginning of February. It is not often that such a large institution also turns out to be an ambitious lender to small and medium-sized enterprises, but Asaka defies conventional wisdom.
  • Orient Finans Bank is relatively small by Uzbek standards. Its Som4.3 trillion ($450 million) of assets means it cannot compete with the country’s state-owned firms, while only Hamkorbank truly eclipses it among the country’s privately owned lenders. But when it comes to the bank’s corporate and social responsibility (CSR) efforts, it has an outsized impact on the market.
  • Six local and foreign bank chief executives nominated Eastern Bank for this award. No other names were offered up by the half dozen, and for good reason. Eastern Bank has for years been widely viewed as the best local provider of quality corporate banking services.