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  • Over the last year Latin American politics has bubbled over to dominate the region’s economies. Venezuela has been brought close to the edge of collapse by a dysfunctional populist regime that clings to power through the continuing loyalty of its military. The failure of Venezuela’s neighbours to produce a regional response to president Nicolas Maduro’s increasingly repressive regime reflects widespread problems of their own.
  • Every bank in Africa is going digital, or at least saying that it is. Ecobank’s claims were certainly not empty statements as the pan-African bank demonstrated, for example, by launching a new mobile application in 2016. Ecobank is this year’s worthy winner of best digital bank in Africa.
  • The winner of the best digital bank award is Bancolombia. Its investment in its digital strategy paid off last year and its customers – across all banking segments – embraced the functionality, praised its intuitive performance and, above all, migrated to the internet, ATM and mobile apps.
  • Solving the challenge of the world’s unbanked is going to take investment, innovation, and an ability to bring together key players in payments, fintech and microfinance. No bank is quite as committed to that combination as Citi.
  • It is hard to find a more thoughtful bank in central and eastern Europe than Poland’s Bank Millennium, which is why this year it wins the award for best bank for corporate social responsibility (CSR). The bank provides full transparency around its objectives and actions to bring socially responsible banking to clients, employees, investors and society. For clients, two of the chief aims have been to focus on disabilities and financial exclusion.
  • 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.
  • Financing, and particularly debt, is one area where European investment banks can still have a grip on their home markets. Many are already reaping the benefits of having shifted to a more capital-efficient deployment of their balance sheets.
  • 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.
  • 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.
  • Citi is perhaps the only global markets business remaining that shows that scale and breadth – both geographically and by product – can deliver good returns.
  • The bank’s expertise in debt capital markets and transaction banking have helped it excel in emerging markets this year.