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Rwanda

Bank of Kigali is again Euromoney’s best bank in Rwanda this year.

July 19, 2024

North America’s best bank for SMEs: Bank of America

Life for small and medium-sized enterprises is rarely comfortable. Even when your business is faring well, the capricious nature of policymakers and markets can upend carefully laid plans.

July 19, 2024

Cyprus

The recent move by Greek lender Eurobank to establish a majority stake in Hellenic Bank, Cyprus’ second largest bank, is a potentially transformational deal for the island’s banking sector. During the awards review period, however, it was still unclear when or if Eurobank would be able to merge its existing Cypriot business with Hellenic, but if it does, it could become the largest bank in the country.

July 19, 2024

Awards for Excellence: Best digital bank in Hong Kong – Standard Chartered

Standard Chartered wins the award this year for making several key enhancements to its digital banking platform, supporting strong growth in customer sales and engagement.

July 19, 2024

Argentina

Welcome to the optimistic part of the cycle for Argentina: international investment banks re-rate the outlook for the small cohort of large, listed banks and those banks start to look to consolidate. The last cycle saw equity issuance, but the banks had barely topped up the funds in their M&A war chests before the optimism faded away alongside their newly positive book values.

July 19, 2024

Romania

Romania was the place of perhaps the most important bank M&A deal to be announced in 2023: the merger of the local units of Italian group UniCredit and Greece’s Alpha Bank. The deal promised to allow UniCredit, as the owner of 90% of the merged entity, to supplant Societe Generale-owned BRD as the country’s third-biggest bank.

July 19, 2024

Mongolia

Khan Bank, Mongolia’s largest bank with a 30% market share, receives the award as the country’s best bank in recognition of its solid growth and the successful completion of its initial public offering.

July 19, 2024

Korea

In 2023, Korean banks faced a perfect storm, grappling with regulatory pressure to lower interest margins while facing intense profitability hurdles. In addition, the country’s largest banks found themselves embroiled in a scandal around the mis-selling of equity-linked securities that had resulted in substantial losses for consumers.

July 19, 2024

Awards for Excellence

North America’s best bank for financing: Morgan Stanley

Some capital markets franchises make their name for sheer volume, topping the deal rankings by simply being everywhere. Others take a different tack, picking spots where they know they excel and then doing so. For yet again being on some of the most challenging and intellectually demanding deals in the review period, Morgan Stanley is North America’s best bank for financing.

July 19, 2024

Latvia

Despite the Latvian economy dipping into recession last year, the banking sector delivered impressive bottom-line growth, with total profits almost doubling year on year to €622 million.

July 19, 2024

Peru

Peruvian banks had a difficult time in 2023, with zero GDP growth and a material contraction in domestic demand. However, inflation did begin to subside during the second half of the year, which led the central bank to reduce the reference interest rate for Peruvian soles by 100 basis points, ending the year at 6.25%. This reduction had a mixed impact for banks, lowering the average net interest margin but improving the country’s economic outlook.

July 19, 2024

Awards for Excellence

Western Europe’s best digital bank: Bank of America

Often this award goes to the bank that has done a particularly good job of providing useful digital features through a smartphone app to retail customers. This year we recognize a wholesale bank, most renowned for the technology behind its CashPro offering for payments, receivables, liquidity and FX management. Bank of America is western Europe’s best digital bank.

July 19, 2024

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