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LATEST ARTICLES
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SICO has solidified its reputation as a market leader in Bahrain, notching milestones on several fronts.
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Rand Merchant Bank (RMB) excelled in financial advisory, capital markets and strategic investments in the past year, making it a clear winner of this award.
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Kuwait Financial Centre (Markaz) wins Kuwait’s most innovative securities house award for being a pioneering force in the country’s capital markets.
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During Euromoney’s review period, EFG Hermes was a force to be reckoned with across the Gulf Cooperation Council region, running numerous high-profile transactions.
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SNB Capital offers a solid proposition across asset classes and products among investment banks in Saudi Arabia, making it the natural choice for this Euromoney award.
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Chapel Hill Denham is named Nigeria’s best securities house this year, thanks to its stellar performance across securities trading and investment banking.
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FAB takes the Euromoney award for best securities house in the UAE for its prowess across asset classes, and its commitment to environmental, social and governance deals.
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BK Capital’s involvement in some of the most critical deals during the review period cemented its leadership in the industry and makes it Euromoney’s best securities house in Rwanda for 2024.
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KFH Capital is Kuwait’s best securities house for fixed income, thanks to its involvement on swathes of prominent sukuk transactions in the past year.
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CI Capital has been actively engaged in advising some of the most prominent businesses in Egypt and the Middle East, reflecting an expanding footprint in both local and international markets.
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CardinalStone Securities (CSSL) has consistently topped the Nigerian Exchange’s ranking of stockbrokers.
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During Euromoney’s review period, National Investments Company (NIC) stood out for its work in M&A and equity capital markets, winning Kuwait’s best securities house award.
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QNB Financial Services (QNBFS) impressed on multiple fronts over the past year, making it Euromoney’s best securities house for Qatar in 2024.
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Al Ahly Pharos is a leading provider of investment research in the Egyptian financial landscape, thanks to its extensive market coverage, in-depth sector analysis, prolific research output, rapid analytical capabilities and active investor engagement.
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Emirates NBD Capital (EmCap) was one of the most active DCM banks in the MENA region during Euromoney’s awards period.
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Standard Bank CIB played a pivotal role in several high-impact sustainable transactions across Africa in 2023, highlighting its commitment to innovation in green finance, infrastructure development and economic growth.
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SBM Capital Markets (SBM) takes the top award for Mauritius for its strong growth and its ability to innovate, which cemented its position in an increasingly competitive brokerage landscape in the country.
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Stanbic Bank Uganda (SBU) turned in a strong performance over the review period. Net profit was USh421 billion ($110 million), up 18% from USh357 billion in 2022. Net loans increased to USh4 trillion, while deposits ended the year at USh6 trillion, both up 3% on 2022.
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Ecobank Sierra Leone recorded double-digit growth in its commercial banking operations last year, with gross loans to business customers up by 45% to $11.8 million. Customer deposits were up by 3%, reaching $25.7 million.
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Standard Bank successfully implemented innovative digital products across all banking segments in 2023 while also making important philanthropic contributions in Malawi.
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Access Bank Gambia impressed this year with its strong financial results, effective support for small and medium-sized enterprises and important philanthropic work.
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For the second year in a row, Standard Bank walks away with the award for the best bank in Africa. And for good reason.
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Morocco-based Bank of Africa boasts a long and storied history as a leading lender to regional small and medium-sized enterprises. Last year, it secured a €50 million credit line from the European Bank for Reconstruction and Development to increase financing for SMEs across the continent.
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Ecobank Guinea rolled out its Xpress Loan service in Guinea last year, which enables customers to obtain short-term micro credit loans using their mobile phones. The service was launched in partnership with Dubai fintech Optasia and pan-African telecommunications giant MTN.
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Societe Generale’s global reputation as a driver of green and sustainable principles and investment, plus its long presence across Africa, combine to make the Paris-based lender a clear winner of this award on the continent.
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Societe Generale Côte d’Ivoire is again named the best bank in the country after a year in which profit before tax was up 32% at CFEFr120 billion ($42 million) from CFEFr91 billion in 2022. The bank has shown strong commitment to the Ivory Coast despite exiting other African markets such as the Republic of Congo, Equatorial Guinea, Mauritania and Chad. Indeed, Societe Generale deputy CEO of the group Pierre Palmieri visited Abidjan last year to reinforce this.
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Mauritius Commercial Bank (MCB) had another good year in 2023 and is again the best bank in the country for the review period.
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Banco Angolano de Investimentos (BAI) posted impressive financial results for 2023. Profit before tax stood at AKz220 billion ($250 million), almost double its 2022 result (AKz115 billion), and the bank achieved a return on equity of 36%, up from 26% the year before.
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NMB Bank is Euromoney’s best bank in Tanzania for 2024. Total assets grew by 19%, from $3.95 billion at the end of 2022 to $4.7 billion at the end of 2023. Net profit was also up 26% at $208.6 million. Both increases are the product of loan growth of 28% and a rise in the number of customer accounts – the bank opened 1.2 million new accounts in 2023 alone.
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Zambia National Commercial Bank (Zanaco) is again Euromoney’s best bank in Zambia. Profit before tax increased 44% year on year to KK1.74 billion ($65 million), including a 109% boost in the third quarter driven by income earned on government securities, trading and an uptick in net fees and commission.