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There are 39,409 results that match your search.39,409 results
  • tanzania-flag-half-960.jpg
    Tanzania
    NMB Bank is Euromoney’s best bank in Tanzania for 2024. Total assets grew by 19%, from $3.95 billion at the end of 2022 to $4.7 billion at the end of 2023. Net profit was also up 26% at $208.6 million. Both increases are the product of loan growth of 28% and a rise in the number of customer accounts – the bank opened 1.2 million new accounts in 2023 alone.
    July 19, 2024
  • south-korea-flag-half-960.jpg
    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
  • argentina-flag-half-960.jpg
    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
  • rwanda-flag-half-960.jpg
    Rwanda
    Bank of Kigali is again Euromoney’s best bank in Rwanda this year.
    July 19, 2024
  • GEOFF-BRADY-Bank-of-America-960.jpg
    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
  • cyprus-flag-half-960.jpg
    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
  • BofA - Raul Anaya_960.jpg
    Awards for Excellence
    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
  • hong-kong-flag-half-960.jpg
    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
  • panama-flag-half-960.jpg
    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
  • democratic-republic-of-the-congo-half-flag-960.jpg
    DR Congo
    The banking sector in DR Congo is undergoing transition. The central bank has proposed new ownership requirements for banks in the country, stipulating that they must have at least four unrelated shareholders. At the same time, large banks outside the country, such as Kenya’s KCB and Equity Bank, are eyeing the market as a potential growth opportunity – hardly surprising when less than a third of the DR Congolese population has a bank account.
    July 19, 2024
  • uzbekistan-flag-half-960.jpg
    Uzbekistan
    Benefiting from robust economic growth in the country, Uzbekistan’s banking sector continued its rapid expansion last year and one bank led the pack, SQB, the country’s second largest lender.
    July 19, 2024
  • nigeria-flag-half-960.jpg
    Nigeria
    Access Bank made profit before tax of N569 billion ($380 million) in 2023, a big improvement on the previous year's N163 billion. This was in part due to the devaluation of the naira in 2023, but was also driven by the bank’s aggressive expansion strategy, which has seen its footprint in Africa expand and the establishment of its first branch in France.
    July 19, 2024
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