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Euromoney's Awards for Excellence 2022 were announced on July 14, 2022.

Global
Africa
Asia
CEE
LatAm
MidEast
N. America
W. Europe

Best Bank

Best Investment Bank

Global Awards

Best Bank

Best Investment Bank

Regional Awards

  • Citi’s strength across the capital markets, allied to an ability to put its balance sheet to good use with key clients, always put it in contention for the award for Africa’s best bank for financing.
  • Equity Bank Kenya has been closely engaged in corporate social responsibility (CSR) initiatives since its launch in 1984. The award for Africa’s best bank for corporate responsibility this year is recognition of its position as a leader in the field.
  • Ecobank Transnational brands itself as a pan-African lender – and such it is. Founded in 1985, it now serves millions of customers across 33 sub-Saharan African markets. And with so many multinational banks having made their excuses and departed, it is now arguably more important and integral to the region’s smaller businesses than ever before.
  • M&A in Africa last year was the classic one-trick pony, in that all the action took place in a single market, South Africa. Despite that, the competition for this award was fierce. It came down to a straight fight between Goldman Sachs and Morgan Stanley, with the former walking away with the prize in yet another impressive year.
  • No other private bank in Africa can compete with Standard Bank, the region’s largest by assets and earnings. The Johannesburg-based lender has a dedicated on-the-ground wealth management presence in 15 countries, including Nigeria, Ghana and Kenya, employing 449 industry professionals.
  • Societe Generale deserves the award for Africa’s best bank for sustainable finance on many levels. The French bank chooses its projects wisely, demonstrating an ability to marry quantity with quality. It works in lockstep with international and local partners, and with regional private and public-sector corporates, agencies and initiatives to achieve its ambitions.
  • Ecobank Transnational’s sheer weight of presence – it delivers banking services to 32 million people in 33 sub-Saharan African countries – could have been a hindrance, a geographical burden. Instead, it transformed into a positive, and the bank has done so in large part by drawing up an impressively coherent digital strategy.
  • Post-Barclays, Absa continues to expand its regional footprint, adding new services each year and doing the nuts and bolts of banking well. Given the central role that trade and the flow of cash play in the region, there are few more important awards than that for Africa’s best bank for transaction services – and Absa is a worthy winner.

Country Awards

Best Bank

Best Investment Bank

Regional Awards

  • It was a knife-edge decision between Citi, stronger in top-end cash management, and HSBC, stronger in trade, this year. Last year, we decided trade was the theme to reward in a Covid-blighted year; this year we looked at progress in payments, where Citi had an excellent year.
  • For a time after its IPO in August, six-year-old branchless KakaoBank was the largest financial institution in South Korea by market capitalization. That didn’t last through the global tech stock collapse – and was always a little absurd – but the $2.2 billion IPO, which is still trading above its issue price, is a reminder of just how far this institution has come.
  • Always a strong player in small and medium-sized enterprise banking, DBS enjoyed a stellar year driven by digital investments, careful credit management and great progress in India.
  • Citi retains the award of best bank for financing – one of very few to be retained in a volatile year – for being good at everything it does across the financing space.
  • The wealth management award is in some measure a decision about a model as much as a bank. For the last few years, we have tended to reward the big Swiss houses, UBS and Credit Suisse, who have scale, history and the advantages of being part of a larger bank. In other years, we might consider the Swiss pure-play model, the ultra-high net-worth-only model, the mass-affluent approach.
  • Something has been building at JPMorgan. For years, a common question in the industry has been: why isn’t the bank, for all its global strength, doing better in Asia? It has always been close to the top in Asian investment banking but rarely troubles Goldman Sachs and Morgan Stanley at the very highest table.
  • This year we acknowledge the transformation under way at Bank BTN, also known as Persero.
  • HSBC approaches sustainable finance on a different canvas to everyone else. All houses can highlight great environmental, social and governance deals by now, but HSBC doesn’t just want to tell you about a green bond or a sustainability financing. It wants to talk about shaping policy with assistance to governments and regulators; about how sustainable finance goes all the way through its banking offering to trade finance and cash management, to sustainability-linked interest rate swaps and recycled PVC credit cards.
  • Malaysia’s RHB Bank is a big believer in the power of education to elevate people out of poverty and underprivilege.

Country Awards

Best Bank

Best Investment Bank

Regional Awards

  • The transaction services franchise at UniCredit combines an international network with much deeper regional coverage than other banks, typically US rivals, which lack the same network in central and eastern Europe.
  • Despite selling some retail banks in central and eastern Europe to OTP, mostly in smaller markets, Societe Generale remains heavily involved in financing in this region under its global banking and advisory unit, led in CEE, Middle East and Africa by Denis Stas de Richelle. In Czech Republic and Romania, SocGen’s international banking operations are plugged into its local universal banks. But even as it has sold banks in other countries, it has sought to hold on to its sovereign and corporate clients there. It also enjoys a cooperation agreement with OTP in corporate and investment banking.
  • Despite its growth into one of biggest banks in Romania, small and medium-sized enterprises remain core to the strategy of Banca Transilvania and SMEs constitute a large proportion of its lending. In 2021, its SME loan portfolio reached L19.2 billion ($4.06 billion), with L3.7 billion of new loans during the year, reaching 18,000 SMEs and micro-enterprises.
  • Greater support for capital-light investment banking business at UniCredit since the arrival of Andrea Orcel as chief executive in early 2021 is fostering a change in mindset in the firm’s advisory franchise. The region’s best bank for advisory also brought support in terms of product and sector expertise thanks to hires in Munich and Milan. That’s adding to the bank’s existing advantages in terms of geographic coverage, which includes around 50 M&A bankers spread across eight central and eastern European markets.
  • Turkish banks are known across Europe for their advances in digital banking. This is often attributed to a relative lack of legacy IT infrastructure, but it’s also due to early investments in digital banking, as well as factors such as a younger retail base in the home market.
  • Central and eastern Europe’s best bank for corporate responsibility this year inevitably goes to an institution that has focused on aid for Ukrainian refugees. For many banks in the region, this was an overwhelming priority during the first days and weeks of the war.
  • Wealth management in central and eastern Europe is undergoing a period of rapid and fundamental reorientation after the invasion of Ukraine and the accompanying international financial isolation of Russia.
  • With Russia’s invasion of Ukraine threatening vital energy supplies to central and eastern Europe, sustainable finance initiatives – especially in renewable energy – are more important than ever. Regional banks are increasingly focusing on sustainable finance and this year the bank that stands out is ING, CEE’s best bank for sustainable finance.

Country Awards

Best Bank

Best Investment Bank

Regional Awards

Country Awards

Best Bank

Best Investment Bank

Regional Awards

Country Awards

The US's Best Bank and Best Super-Regional Bank

Canada's Best Bank

The US's Best Investment Bank and Best Super-Regional Investment Bank

Canada's Best Investment Bank

Regional Awards

Best Bank

Best Investment Bank

Regional Awards

Country Awards

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