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  • In less than 10 years, Ally Financial has transformed itself from an auto finance company into the fastest growing digital financial services provider in the US. Over the year, it made further strides on that journey and wins Euromoney’s award for best digital bank in North America.
  • The Euromoney Awards for Excellence, now in its 26th consecutive year, were the first of their kind in the global financial For almost 50 years, Euromoney has been the leading publication for covering the growth of international finance. Over the past 12 months its coverage has included interviews with close to 100 bank CEOs, ministers of finance and central bank governors around the world.
  • Lending to small and medium-sized enterprises is an important part of banking in Africa, and an area of business that requires ever more support from the continent’s banks. Guaranty Trust Bank (GTBank) dominated the sector over the last year and so wins the title of best bank for SMEs.
  • The French bank is firmly in expansion mode in corporate banking, on a much more global level than you might expect, and fully grasping how to serve their clients digitally.
  • Citi is perhaps the only global markets business remaining that shows that scale and breadth – both geographically and by product – can deliver good returns.
  • Integrating CSR in every business and pioneering new structures in affordable housing and green finance, Bank of America shows that good corporate citizenship is also good business.
  • There are few banks that can advise wealthy clients across the multitude of different countries and cultures in CEE, but UniCredit has made itself the bank of choice for clients in nearly every single one, earning it the award for best bank for wealth management. Its focus for the last 12 months has been one of organic growth and innovation. The bank has focused on structured products.
  • Has any banker ever achieved more in their first 12 months as CEO than the Frenchman who took on an ailing Italian bank and is quickly turning it into a European force with a future?
  • The Argentine banking system is beginning to return to a semblance of normality, with signs such as positive interest rates. But the road back to international standards is a long one. After many years of economic dysfunction and highly prescriptive banking regulations (including mandatory lending to segments and floors and caps on interest rates), it will take a long time for an orthodox banking sector to appear.
  • Given the tough market conditions in South Africa, a focus for Rand Merchant Bank was outbound M&A and private equity. The success of this strategy helped make it the best bank for advisory in Africa.
  • The €610 million sale of United Bulgaria Bank (UBB) says much about the work National Bank of Greece has done to re-orientate its business model over the last year. These are praiseworthy, if somewhat belated, actions by the Greek bank. But the UBB deal says even more about the benefits of earlier actions by the acquiring bank to refocus on core countries and businesses.
  • This year’s winner of best bank in Africa is a marked departure from last year’s. After Equity Bank’s win in 2016, thanks to its dominance in the small and medium-sized enterprise and digital banking sectors, this year we reward Attijariwafa Bank, a financial institution that has long been the best in Morocco and is now asserting its credentials in the rest of Africa.