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  • One of the first things Nigeria’s Guaranty Trust Bank did with the onset of the Covid-19 pandemic was to get in touch with local authorities to see how the bank could help. Recognizing that the fragile public healthcare system would struggle to cope with the predicted number of patients, it offered to set up a care facility for people with Covid-19.
  • This year the region’s best investment bank is JPMorgan. In a highly competitive year, the US bank claims the award because of the unrivalled breadth of its mandates across investment banking products, as well as its dominance in many of the region’s countries.
  • DBS is a bank at the top of its game. For the second year in a row, it not only wins the best bank in Asia award but canters away with it at high speed.
  • BNP Paribas has sustainability and inclusiveness at its heart, as shown in its approach to all of its stakeholders. This year the bank wins the award for the region’s best bank for corporate responsibility.
  • Center-Invest Bank became the first Russian bank to issue a green bond with its R250 million ($3.56 million) offering in November last year. It was a natural step for a bank that has been committed to the environment and responsible banking from its inception.
  • Kenya’s Equity Bank stands out for its digital offering, and is poised to take advantage of the coronavirus-fuelled pivot towards cashless banking.
  • The Covid-19 pandemic has accelerated the move towards cashless economies as governments advise against the use of cash because of its role as a vector for the virus. That has left many financial institutions scrambling to upgrade their systems.
  • Businesses and banks in Belarus have faced a particularly tough challenge during the Covid-19 crisis due to the refusal of the government not only to impose any national restrictions but also to acknowledge the risks of the pandemic and implement any measures to mitigate its economic impact.
  • As of late June 2020, Citi, together with its charitable Citi Foundation, had committed some $100 million to Covid-19 relief efforts. While the targets of its aid are varied, the bank has made a special focus on supporting people and communities of colour, recognizing the disproportionate impact the pandemic has had on these communities.
  • Prime Bank has barely paused during the Covid-19 crisis. The Dhaka-based bank was an early mover on coronavirus in south Asia, raising awareness of the pandemic among employees as early as January 30.
  • DBS takes the award for Asia’s best bank for transaction services this year.
  • Tight labour markets and low interest rates put a floor under credit demand across central and eastern Europe last year and mitigated the effects on banking sectors of slowing economic growth, regulatory curbs on consumer lending and proliferating sectoral levies.