EM Search | Euromoney

Uganda

Stanbic Bank Uganda (SBU) turned in a strong performance over the review period. Net profit was USh421 billion ($110 million), up 18% from USh357 billion in 2022. Net loans increased to USh4 trillion, while deposits ended the year at USh6 trillion, both up 3% on 2022.

July 19, 2024

Botswana

First National Bank of Botswana delivered significant improvements in financial performance last year and made good progress in digital transformation, customer retention and social responsibility.

July 19, 2024

Vietnam

Techcombank further solidified its leadership in Vietnam’s banking sector in 2023. This has been driven by its five-year transformation journey focusing on investments in digital, data and talent under chief executive Jens Lottner, who took the helm in 2020.

July 19, 2024

Nicaragua

Nicaragua’s economy suffered a rapid deceleration from the 10% growth rate it experienced in the immediate post-pandemic reopening. Political and economic volatility impacted the financial system and there was distinct evidence of a risk-off attitude to loan growth from most of the country’s main banks.

July 19, 2024

New Zealand

New Zealand’s high interest rate cycle has significantly impacted borrowing demand and funding costs, marking the end of an era of record profits for banks. Despite these challenges, ASB Bank, owned by the Commonwealth Bank of Australia, has demonstrated resilience during the awards period and is New Zealand’s best bank.

July 19, 2024

Awards for Excellence

The world’s best bank for diversity and inclusion: Nedbank

The bank’s chief executive has led from the front to create an institution that is more diverse and better reflects the society in which it works.

July 19, 2024

Awards for Excellence

Western Europe’s best bank: UBS

Nerves were jangling hard in Europe last year, when the panic that had seen many tens of billions of dollars’ worth of deposits flee large US regional banks in a matter of hours suddenly began emerging in Europe.

July 19, 2024

Maldives

Under the leadership of chief executive Karl Stumke, Bank of Maldives, the country’s best bank, has delivered on its strategic priorities in 2023, resulting in a strong financial performance and substantial customer acquisition.

July 19, 2024

Awards for Excellence

CEE’s best bank for wealth management: UniCredit

Under group chief executive Andrea Orcel, UniCredit has reaffirmed its commitment to central and eastern Europe – highlighted by its announcement of the €300 million purchase of Alpha Bank Romania, part of a deal that also involved it taking a stake in the Athens-based group.

July 19, 2024

Awards for Excellence

Latin America’s best investment bank: BofA Securities

BofA Securities faced tough competition to retain the award for Latin America’s best investment bank. Deal flow in international capital markets transactions was disappointing and local markets absorbed a larger proportion of financing than normal; a trend that played to strong local franchises rather than the US firm. Nevertheless, BofA’s strength – especially in the Andean region, where the bank won best investment bank awards in Chile, Colombia and Peru – saw it fend off the local challenge.

July 19, 2024

Hungary

Despite the overbearing presence in Hungary of national champion OTP – and the emergence in 2023 of a much larger government-owned lender in the form of MBH Bank – international firms continue to compete in the domestic market. The biggest of these international players is K&H Bank, owned by Brussels-based group KBC.

July 19, 2024

Finland

Presenting annual earnings in early February 2024, Frank Vang-Jensen had good reason to be delighted with the 2023 performance of the bank he leads as chief executive. After another year in which Nordea strengthened its profile in all four of its main markets, including performing strongly in its home country, the bank again wins the award for Finland’s best bank.

July 19, 2024

Search results for