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Results index The theme in Latin American investment banking has been rationalization over the past 12 months. In particular, this has created difficulties for those spreading the good word about HSBC in Latin America in recent years. It might surprise those outside the region, therefore, that HSBC wins the award for best bank for financing in Latin America.

Results index

Equity Bank wins the award for Africa’s best bank award and is also named best bank for SMEs; Rand Merchant Bank claims best investment bank crown; new regional winners highlight growing breadth and depth in African finance.

Angola

Results index In dramatic contrast to its increasingly regressive politics, Turkey’s banking sector remains among the most advanced and sophisticated in the developing markets. Over the past 15 years, a combination of high profitability and outstanding growth opportunities in a relatively open market has fuelled intense competition between the country’s lenders.

The Dutch bank’s return to private hands in late 2015 was the culmination of a huge restructuring operation that has created one of the most profitable and best capitalized institutions in Europe.

World's best bank: Other European banks may be quitting the US, but it remains an important contributor to BNP Paribas’ revenue stream.

Akbank wins best bank in central and eastern Europe; Citi retains best investment bank in the region; UniCredit is best financing house for 2016.

Results index SME banking is big business in Turkey, where smaller firms account for more than 80% of employment and 56% of exports. All of the country’s larger lenders have devoted substantial resources to the segment, particularly since the imposition of curbs on retail lending in 2013. However, the market leader in terms of investment and innovation remains sector specialist TEB, which wins this year’s CEE award for best bank for SMEs.

Few truly global wealth managers remain, but even if they did it would be hard to compete with UBS, the only bank to put wealth management at its core.

Results index It is encouraging to find many European banks getting involved in the lynchpin of the European economy, small and medium-sized enterprises. In its German business, for example, Commerzbank has reoriented its global network towards internationally orientated Mittelstand clients (even if many of these are much bigger than the EU’s definition of an SME). Intesa Sanpaolo has improved methods of ensuring its SME loan growth in Italy is sustainable by identifying top-performing larger companies and then seeking to grow market share among those firms’ SME suppliers.

Creating a platform that provides a coherent global service while keeping distinct regional variations has rewarded Citi with a year of further success in transaction banking.