Commercial International Bank (CIB) has maintained its position as the bank to beat in Egypt during the review period.

FAB was the clear winner of Euromoney’s best bank award in the UAE this year following a strong financial performance, improvements in environmental, social and governance and sustainable finance, and advancements in technology.

Qatar National Bank (QNB)’s scale and banking power in the country seem unassailable across all banking businesses. It dominates activity, reporting more assets ($338 billion), loans ($234 billion), deposits ($235 billion) and net profit at the end of last year than that generated in each segment by all four of the other largest banks combined.

Al Rajhi Bank’s Bank of the Future strategy marked its final year in 2023, the end of a series of growth targets set when chief executive Waleed Al-Mogbel took the helm.

Al Salam Bank enjoyed strong financial performance last year, while expanding its geographic footprint and innovating in the digital space. It is Euromoney’s best bank in Bahrain 2024.

Kuwait Finance House (KFH) is Euromoney’s best bank in the country this year, following a record-setting financial performance and the consolidation of Ahli United Bank Kuwait.

The banks in each market that have excelled across a range of core banking activities over the past 12 months.

The banks in each market that have excelled across a range of core banking activities over the past 12 months.

The banks in each market that have excelled across a range of core banking activities over the past 12 months.

The banks in each market that have excelled across a range of core banking activities over the past 12 months.

The banks in each market that have excelled across a range of core banking activities over the past 12 months.

The region's best banks, country by country

Best Bank: OTP Bank Albania

Best Bank: Afghanistan International Bank

Best Bank: Banco Angolano De InvestimentosBest Investment Bank: Standard Chartered Angola

The region's best banks, country by country

Good banks do not collapse in times of turmoil. But the best banks do more than that – they are so buttressed against stress that when it strikes, they not only emerge unscathed but can act decisively in support of the whole sector. JPMorgan was that bank in March 2023, able to play that role because of its consistently superior performance.

Only the biggest and soundest of the US regional banks were able to come through the wreckage of March 2023 unbowed. None did so better than Citizens, a bank that was already consolidating two fine strategic moves at the start of the awards period and was able to consider another at its end. It wins the award for the country’s best super-regional bank.

Sometimes a franchise is suited to a moment. And in an awards period that began with the catastrophe unfolding in Ukraine, ended with a meltdown in US regional banking, and was accompanied throughout by eye-watering rate hikes, clients had no shortage of demands of their investment banks.

Moribund primary equity capital markets and a rising interest rate environment meant that investment banks were tested more than ever in the past 12 months as they sought to give clients the options they needed in spite of poor conditions.

Canada’s banking market remains as competitive as ever, but one bank stands out for the strong performance of its underlying businesses as well as for completing the standout strategic move of the period. Bank of Montreal (BMO) is Canada’s Best Bank.

The most striking thing about this year’s winner of the US best super-regional investment bank award is that PNC Financial Services Group prides itself on not really having an investment bank.

Best Bank: National Bank of BahrainBest Investment Bank: Sico Bank

Best Bank: Banco Angolano de InvestimentosBest Investment Bank: Standard Bank Angola

The banks in each market that have excelled across a range of core banking activities over the past 12 months.

The region's best banks, country by country

Euromoney's Country Awards for Excellence 2022: Central and Eastern Europe

The region's best banks, country by country

Best Bank: Afghanistan International Bank

The region's best banks, country by country