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Asia’s best investment bank: Citi

To be the best investment bank in the fastest growing continent you can’t just be here or there, you must be everywhere.

July 19, 2024

Indonesia

Bank Mandiri, Indonesia’s largest bank by assets, achieved a record net profit of $3.6 billion in 2023, an impressive 34% year on year rise – the highest in the industry and significantly outpacing the other four tier-one banks. Led by president director Darmawan Junaidi, it retains the award for Indonesia’s best bank.

July 19, 2024

France

French banks have not had the net interest margin bonanza that higher interest rates have offered many southern European banks recently. In fact, some French banks saw profit decreases in their domestic retail divisions last year, while areas like markets and vehicle leasing have been less of a support to group profit compared to the immediate post-pandemic period.

July 19, 2024

Nepal

Global IME Bank’s merger with the Bank of Kathmandu last year proved to be a game changer, catapulting the combined entity to the top of Nepal’s banking sector. This merger is considered an effective step in consolidating the country’s financial resources and in recognition of this, it receives the awards for Nepal’s best bank.

July 19, 2024

Awards for Excellence

Banker of the year: Andrea Orcel demonstrates UniCredit’s worth

Andrea Orcel’s long-awaited debut as a bank chief executive has won over the markets, largely thanks to capital returns. But his plans for UniCredit go far beyond balance-sheet management and costs. He now sees a chance to demonstrate growth.

Dominic O’Neill, July 19, 2024

Awards for Excellence

The world’s best investment bank: JPMorgan goes from strength to strength

It is in difficult times that the best franchises prove their mettle. JPMorgan’s formidable corporate and investment bank – now bolstered through its integration of commercial banking – was the one to beat over the last year. No rival can match its breadth, but the firm’s rejection of complacency means that it never stops improving.

Mark Baker, July 19, 2024

Awards for Excellence

The world’s best bank for markets: Bank of America

The bank has made steady but still impressive improvement in its markets business over the last few years. And it was the firm among the 12 biggest to increase revenues in 2023.

July 19, 2024

Awards for Excellence

The world’s best investment bank in the emerging markets: Citi

The bank's ability to offer a full set of services almost everywhere around the globe sets it apart from the competition.

July 19, 2024

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

Awards for Excellence

Latin America’s best investment bank: BofA Securities

BofA Securities faced tough competition to retain the award for Latin America’s best investment bank. Deal flow in international capital markets transactions was disappointing and local markets absorbed a larger proportion of financing than normal; a trend that played to strong local franchises rather than the US firm. Nevertheless, BofA’s strength – especially in the Andean region, where the bank won best investment bank awards in Chile, Colombia and Peru – saw it fend off the local challenge.

July 19, 2024

Awards for Excellence

The world’s best bank for corporate responsibility: Scotiabank

The bank’s 10-year ScotiaRise programme has gone from strength to strength, reaching out to indigenous communities and aligning with its truth and reconciliation committee’s work.

July 19, 2024

Awards for Excellence

Asia’s best bank for corporate responsibility: Sampath Bank

There is so much to like about Sampath Bank’s approach to corporate responsibility. The Sri Lankan bank spent Rs91.3 million ($300,000) on all corporate social responsibility (CSR) initiatives in 2023. That is small compared to the sums lavished on the space by bigger lenders. Yet the bank, which allocates 1% of net profit to projects that further environmental and social sustainability, manages to squeeze so much out of what it has to give.

July 19, 2024

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