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  • Awash Bank greatly expanded its digital solutions last year, achieving high levels of engagement across mobile and internet banking.
  • In a tumultuous year for China’s investment banks, marked by a muted IPO market and stricter regulatory oversight, CICC has emerged as the undisputed leader. While prominent Chinese investment banks, such as Citic, have faced investigation case filings from the regulator, CICC has solidified its position at the forefront of the industry, particularly in the domestic M&A space.
  • Prime minister Donald Tusk’s defeat of the former ruling party PiS in elections last October brought hope for a less strained relationship between Poland and the EU. It also brought hope for more favourable policies towards banks, after the PiS government’s mortgage holidays and bank taxes.
  • In 2023, HSBC further solidified its position as Hong Kong’s best bank. Under the leadership of Luanne Lim, HSBC Hong Kong’s chief executive, the bank’s profit before tax soared to $10.7 billion, representing 80% year-on-year growth and contributing 35.3% to the group’s overall pre-tax profit.
  • HSBC was the standout candidate in this award this year, dominating transaction banking in Asia.
  • Barclays wins the award as the UK’s best investment bank. Even though some investors had to wait for the bank’s investor day in February 2024 to hear it once again reaffirm its commitment to the investment bank, staff in the UK had no doubt of this.
  • Getting M&A right in Africa is not easy – big-ticket transactions are rare, and deal flow tends to come in fits and starts – but Standard Bank has got it down to a fine art.
  • The bank's ability to offer a full set of services almost everywhere around the globe sets it apart from the competition.
  • Banks in Ghana have faced a difficult couple of years thanks to the government of Ghana’s debt default and domestic debt exchange programme announced in November 2022.
  • After being knocked back by Russia’s invasion of Ukraine, Kazakhstan’s economy rebounded last year, notching up over 5% growth on strong levels of consumer and public spending.
  • Market doubts, three years ago, about whether Andrea Orcel’s management of UniCredit would be sufficiently orientated to shareholder value have proven to be far from the mark. Orcel might have shied away from a deal with the Italian government to buy Banca Monte dei Paschi di Siena in 2021, but this has not prevented UniCredit from remaining a large and growing part of the European banking story.
  • The fourth-biggest bank in Portugal, which has been fully owned by Spain’s CaixaBank since the end of 2018, saw an exceptional performance in 2023. After record results for the firm across the board, Banco BPI is clear winner of the award for Portugal’s best bank.