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

Honduras

While Honduras has shifted its political allegiance to China – it ended diplomatic relations with Taiwan in an attempt to win investment from the Asian superpower – its real problems lie closer to home. The economy is stuck in a remittances trap, with annual payments from its diaspora back to the country worth almost 30% of GDP, which is the highest ratio in the region.

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

Awards for Excellence

The world’s best bank for SMEs: UOB

A regional SME champion shows how to operate on the world stage.

July 19, 2024

Ecuador

The Ecuadorian economy slowed significantly in 2023 and was largely driven by public-sector spending. The impact of new president Daniel Noboa, who won the November 2023 election, has yet to be seen, but liquidity remains a persistent issue for the dollarized economy. Seeking scale seems to be the best defence against the country’s regular dollar shortages and in this environment the large banks thrive.

July 19, 2024

Awards for Excellence: Best investment bank in China – CICC

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.

July 19, 2024

Awards for Excellence

Africa’s best bank for advisory: Standard Bank

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.

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

China

In a year marked by historic lending growth in China, state-owned banks have taken the lead, defying the traditional dominance of smaller banks in driving loan expansion. Among these state-owned giants, Bank of China (BoC) has emerged as a standout performer, securing its position as China’s best bank this year.

July 19, 2024

Awards for Excellence

Africa’s best bank for SMEs: Bank of Africa

Morocco-based Bank of Africa boasts a long and storied history as a leading lender to regional small and medium-sized enterprises. Last year, it secured a €50 million credit line from the European Bank for Reconstruction and Development to increase financing for SMEs across the continent.

July 19, 2024

Awards for Excellence

Canada’s best bank: Scotiabank

When Scotiabank’s long-serving chief executive Brian Porter stepped down at the end of January 2023, after 10 years at the helm and more than 40 years at the bank, he left an institution that was in better shape than he found it, but one that still had much to do.

July 19, 2024

Afghanistan

Afghanistan International Bank (AIB) has once again proven its resilience and adaptability in the midst of severe economic challenges, demonstrating its crucial role as a financial lifeline connecting the country with the world.

July 19, 2024

Search results for