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CEE’s best digital bank: Akbank

All banks invest heavily in their digital products and services, but the return on that investment can vary widely.

July 19, 2024

Asia’s best investment bank: Citi

To be the best investment bank in the fastest growing continent you can’t just be here or there, you must be everywhere.

July 19, 2024

Germany

Commerzbank has seen a remarkable bounce back in its profitability and share price over the past four years, something that was particularly apparent in 2023. The year began with its re-inclusion in the DAX in February, five years after it was ejected from the index of German blue-chip stocks. This was thanks to a dramatic recovery in its share price from the depths it hit during the early Covid-19 period.

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

Western Europe’s best bank for transaction services: HSBC

HSBC wins the award for western Europe’s best bank for transaction services thanks to the delivery of an impressive range of services to corporate treasurers that the bank has developed over years of heavy investment.

July 19, 2024

Awards for Excellence

The world’s best bank for securities services: BNP Paribas

The French bank has made steady progress in this business over the last decade and last year was a strong period of new mandates and client expansion.

July 19, 2024

Awards for Excellence

The world’s best bank for trade finance: Bank of America

The bank says it is succeeding with Open Account Automation, the first module of a long-term initiative to digitize trade finance through new platform CashPro Supply Chain Solutions.

July 19, 2024

Panama

Panama had a solid 2023, with economic growth of 5%, but that belies the significant challenges that the country’s new president, José Raúl Mulino, will face. The closure of the country’s copper mine will add to the fiscal pressures that the increasing deficits from the country’s social pension system are creating. A drought has also affected the Panama Canal, a major revenue source for the government, and the economic outlook will likely get tougher from here.

July 19, 2024

Nepal

Global IME Bank’s merger with the Bank of Kathmandu last year proved to be a game changer, catapulting the combined entity to the top of Nepal’s banking sector. This merger is considered an effective step in consolidating the country’s financial resources and in recognition of this, it receives the awards for Nepal’s best bank.

July 19, 2024

Zambia

Zambia National Commercial Bank (Zanaco) is again Euromoney’s best bank in Zambia. Profit before tax increased 44% year on year to KK1.74 billion ($65 million), including a 109% boost in the third quarter driven by income earned on government securities, trading and an uptick in net fees and commission.

July 19, 2024

Japan

MUFG, Japan’s largest bank, had an excellent financial year in the 12 months to March 2024, setting new records for the group.

July 19, 2024

Awards for Excellence

Africa’s best digital bank: Nedbank

Nedbank wins the best digital bank in Africa award for the second year in a row, courtesy of its push to reform and re-engineer its IT system, with the aim of cutting costs, attracting new business and favouring an approach that focuses on evolution rather than revolution.

July 19, 2024

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