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  • Last year’s launch of the Institute for Sustainable Investing tipped the scales in favour of this bank in a competitive field brimming with impressive work.
  • The bank has beaten off increasing competition by arranging an impressive number and range of deals across emerging markets.
  • Early signs of recovery in the eurozone brought relief to struggling economies across emerging Europe last year but the picture remained very mixed. Countries such as Turkey, Romania and Hungary had a substantial pick-up in growth, but the core central European markets of Poland and Czech Republic were slower to recover from their respective slowdowns. Meanwhile Croatia remained mired in recession, and Russia and Ukraine showed every sign of emulating it even, before the outbreak of the Crimean crisis.
  • Costa Rica’s sale of a 30-year bond in April this year raised some eyebrows, given the country has big fiscal challenges; the timing was before a new government had been formed and articulated its economic strategy to the market. However, strong demand for the issue shows the economy’s good fundamentals, and the new president could be successful in delivering renewed GDP growth.
  • The firm has climbed the league tables since making securitization a priority and revamping its business as a global franchise.
  • A more cohesive, flatter management structure has kept the venerable investment bank ahead of its challengers.
  • The clear definition of a radical strategy distinguishes the Swiss bank from most of its peers. The successful execution of that strategy makes it Euromoney’s Bank of the Year.
  • It might have a smaller team than its peers, but the firm insists it will stay the course in emerging markets – and it continues to punch its weight and more in equities.
  • This year, Euromoney’s best bank in Africa is Nigerian player Guaranty Trust Bank (GTBank). It stands out not only because of its stellar performance in its home country, but precisely because the bank represents a new standard of local expertise in Nigeria and is successfully delivering on its regional ambitions.
  • Euromoney’s best bank in the US for 2014 is Wells Fargo. It serves one in five households in the US, as well as more small businesses than any other bank. It’s an enormous enterprise, with 6,200 branches across the country and $1.07 trillion in deposits, yet it continues to operate with the same feel and eye for detail as a community bank.
  • After five years of balkanization of the European banking system, with many national champions abandoning international ambitions, selling out of positions that commanded little share in foreign markets to repatriate capital that domestic regulators have pressured them to conserve close to home, there are hardly any European banks left worthy of the name.
  • The Argentine government is attempting to re-integrate its economy into the rest of the world. The recent debt repayment agreement with the Paris Club is the latest evidence of tentative reductions in political risk. The run-up to the 2015 presidential election looks set to be one of gradual growth, but the economy in which local banks are operating and the persistence of strict government regulations on lending rates to retail SME segments still present operational challenges.