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UK

For HSBC, 2023 was an important year at its UK ring-fenced bank. This delivered its strongest set of results since it was created in 2018, with revenue coming in 36% higher than in 2022. That was in part thanks to higher rates and fat net interest margins, but also to key strategic decisions, such as to make growing market share in mortgages a priority.

July 19, 2024

Italy

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.

July 19, 2024

Awards for Excellence

Latin America’s best bank for corporate responsibility: Banreservas

Banreservas’ president Samuel Pereyra would argue that as a state-owned bank, all of its activities are led by a sense of corporate responsibility. Its loan portfolios are directed towards providing credit to industries targeted as crucial for the Dominican economy’s growth and its recent international expansion has been developed to facilitate financing flows between the country and its large international diaspora.

July 19, 2024

Vietnam

Techcombank further solidified its leadership in Vietnam’s banking sector in 2023. This has been driven by its five-year transformation journey focusing on investments in digital, data and talent under chief executive Jens Lottner, who took the helm in 2020.

July 19, 2024

Awards for Excellence: Best bank for corporates in India – Kotak Mahindra Bank

For its range and quality of corporate banking services, investment in digital, and financial performance, Kotak Mahindra Bank wins the award of India's best bank for corporates this year.

July 19, 2024

Luxembourg

For a small economy, Luxembourg boasts many banks: 120 were authorized in 2023. Many of these primarily serve international clients, in particular providing securities services to institutional investors from across Europe and beyond.

July 19, 2024

Awards for Excellence

Asia’s best bank for transaction services: HSBC

HSBC was the standout candidate in this award this year, dominating transaction banking in Asia.

July 19, 2024

Bulgaria

Belgium-based KBC’s Bulgarian unit formally merged with former Raiffeisen International Bank subsidiary United Bulgarian Bank (UBB) in 2023, creating the country’s biggest bank. KBC had completed the legal acquisition of RBI’s operations in Bulgaria in 2022. Most of the synergies of the merger were, therefore, far from being realised in 2023 as the operational integration was only just beginning.

July 19, 2024

Awards for Excellence

Asia’s best bank for financing: Citi

‘Being there’ is one of Citi’s many skills. It is always there for clients: underwriting stock offerings, printing bonds and taking the lead on bridge loans to support complex acquisitions.

July 19, 2024

Awards for Excellence

Africa’s best bank for financing: Standard Bank

In a year (very) short on equity capital markets activity, it was in the debt and the loan market that Standard Bank shone brightest in 2023.

July 19, 2024

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

Awards for Excellence

Western Europe’s best bank for wealth management: BNP Paribas Wealth Management

BNP Paribas Wealth Management operates across 17 countries, serving a client base of entrepreneurs, family offices and high net-worth individuals.

July 19, 2024

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