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Awards for Excellence 2023: Best bank in Armenia – Ardshinbank

Geopolitical tensions in the region have provided a welcome boost to Armenian banks’ profitability. Ardshinbank stood out during the awards period for making the most of this opportunity under the leadership of chairman of the management board Artak Ananyan. Profit before tax more than quadrupled in 2022, from Dram16 billion ($42 million) to Dram77 billion.

July 13, 2023

Awards for Excellence

CEE’s best bank for sustainable finance 2023: ING

Last year, ING was the first bank in central and eastern Europe to stop providing dedicated finance to new upstream oil and gas fields, despite the fact that Russia’s invasion of Ukraine threatened energy supply on the continent. The Dutch lender remains the bank of choice for green or sustainability labelled deals in the region.

July 13, 2023

Awards for Excellence

CEE’s best digital bank 2023: OTP Bank

Even rivals recognize that OTP Bank has advanced strongly in digital banking recently, ensuring that its technology wins and retains customers in Hungary and across central and eastern Europe.

July 13, 2023

Awards for Excellence

CEE’s best investment bank 2023: Citi

With the war in Ukraine adding to global volatility in capital markets, investment banking deal flow was weak in central and eastern Europe during 2022 and early 2023, especially for lower-rated names.

July 13, 2023

Awards for Excellence

CEE’s best bank for advisory 2023: JPMorgan

Government clients and the reduced presence of international banks are typical features of finance in central and eastern Europe, and M&A is no exception. But the region is not beyond the reach of JPMorgan, central and eastern Europe’s best bank for advisory.

July 13, 2023

Awards for Excellence

CEE’s best bank for wealth management 2023: UniCredit

Wealth management across central and eastern Europe is still in a state of flux, nearly 18 months after Russia’s invasion of Ukraine. In that period, some lenders have pulled back from specific markets in the region; others have sought ways to cut costs by reducing their roster of senior private bankers.

July 13, 2023

Awards for Excellence

CEE’s best bank for transaction services 2023: UniCredit

UniCredit has long been regarded as a leader in corporate banking in central and eastern Europe. Transaction services continues to be a vital part of this regional franchise under Riccardo Madinelli, head of transactions and payments for central and eastern Europe.

July 13, 2023

Awards for Excellence

Asia’s best bank 2023: HSBC

Football clubs undergoing a period of transition often talk of needing a transfer window or two to get where they need to be. More often than not, this doesn’t work. Better-run teams continue to make clear-minded decisions that keep them ahead of the pack. Catching up is always hard to do.

July 13, 2023

Awards for Excellence

Asia’s best bank for transaction services 2023: Citi

Citi takes everything it does seriously, but there is a special place in its collective consciousness for transaction services. This often-sprawling area of financial services, which chief executive Jane Fraser calls the crown jewel of the bank, is the beating heart of all Citi stands for.

July 13, 2023

Awards for Excellence

Country/Territory Awards for Excellence 2023: Asia

Best Bank: Afghanistan International Bank

July 13, 2023

Awards for Excellence

Asia’s best digital bank 2023: Kakaobank

There is perhaps no other digital bank anywhere in the world like kakaobank. Many pure-play digital banks seem to have an in-built ceiling: at a specific point, organizational flaws appear, they cease adding new customers and start to appear more dysfunctional than disruptor.

July 13, 2023

Awards for Excellence

Asia’s best bank for financing 2023: Morgan Stanley

Morgan Stanley is a powerhouse in financing. In Asia Pacific ex-China, the US bank helped to complete 42 equity capital markets deals – more than any other bank over the 12 months to the end of March 2023 – worth a total of $5.4 billion, according to Dealogic. And in debt capital markets, it completed 419 deals worth $46.2 billion.

July 13, 2023

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