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  • 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.
  • Thai fintech startup Finnomena has launched a digital wealth management platform aimed at the mass market. It’s the sort of innovation that is sorely needed in Thailand. But will it work?
  • Emirates NBD Capital is a deal machine in Dubai and beyond. Among the standout transactions over the awards period were a Dh2 billion ($545 million) capital-raising for Dubai Asset Management, completed in July 2019, and the $500 million refinancing of a debut sukuk into a term loan by Dubai Aviation Corporation, better known as the budget airline flydubai.
  • Ujjivan Small Finance Bank, winner of Asiamoney’s award for the best firm for microfinance in India, was set up in 2005 as a micro-lending institution, so its credentials in the microfinance segment are unrivalled.
  • Transaction banking has long appeared a male-dominated industry. But things have started to change.
  • 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.
  • 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.