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In a challenging time for global markets, one firm has shown that a capital-lite, targeted model can not just work but actually gain market share.

Results index The flexible local deployment of a global electronic platform is the reason why BBVA is at the forefront of digitizing retail banking in Latin America, taking the award for best digital bank in the region. The gains to the bank are clear: lower costs, higher efficiencies and the ability to compete throughout national markets without extending physical infrastructure.

Results index BNP Paribas wins this year’s award for best bank in Europe for wealth management. In France, Benelux, Italy, Spain, the UK, Turkey, Switzerland and, increasingly, Germany, the bank has been gaining market share to become the trusted adviser for wealthy individuals in the region. Its net new asset flows were €1.9 billion in 2015.

Results index Transaction services in Europe is a stable market in which regulatory change is usually the main source of concern. So the sudden departure of one the biggest European cash management providers came as shock and left a void that many worried would be difficult to fill. For BNP Paribas, however, it has been a great opportunity.

Results index The past three years have not been kind to Russia’s consumer lenders. The end of the country’s long consumer boom and its rapid slide into recession have sent bad debts soaring across the sector and pushed leading players such as Russian Standard Bank and Home Credit Bank into heavy losses.

Results index

Results index Investment banking volumes in CEE took another hit in the awards period as Russian sanctions, rising political risk in Poland and Turkey and high levels of local liquidity kept both issuers and investors on the sidelines. International bond sales fell by almost a third year on year to just $42.7 billion, according to Dealogic, while primary equity activity all but disappeared. With the exception of a trio of semi-private Russian deals, just three IPOs worth more than $50 million emerged from the whole region in the 12 months to March, while total ECM issuance came in at just $3 billion. M&A appeared to be a slightly brighter spot, with volumes rising by 16.1% to $98.9 billion. That increase, however, was accounted for by a couple of large Russian take-privates and a transfer of assets between two Kazakh state-owned entities.

Results index There has been a pronounced trend for pan-regional banking franchises in central America and the Caribbean in recent years. Local and regional banks are using the exit of universal banks such as Citi and HSBC to consolidate. This competition for regional platforms is good news for the individual economies, many of which have in the past had a myopic focus on the US for developing business and trade. Deepening financial ties within the region offers pan-regional growth as another strategy.

Results index Bumper M&A transactions have been a rarity in CEE over the past two years. Mid-market activity, however, has been brisk; instabilities in regional markets and still-high levels of state control continue to offer opportunities for advisory work on risk management, restructurings and privatizations.

Putting digital priorities at the heart of what a traditional bank does is easier said than done. At Singapore’s DBS, actions are speaking louder than the words of its rivals

Find details of all the winners of the Euromoney Awards for Excellence 2016 here.

The financial sector has been slow to embrace a diversity and inclusion agenda, but a small handful of banks are taking charge. Bank of America Merrill Lynch is a role model globally, and the results of that are tangible