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Uruguay

While one of the smaller banking markets in Latin America, Uruguay has some excellent banks that generate some exceptionally strong financial results. Part of that success is due to a consistently strong economic backdrop – and in 2023 significantly higher interest rates also helped. However, individual management teams can also take a large part of the credit and this year Banco Santander’s chief executive Gustavo Trelles repeats his success of last year by retaining the award for Uruguay’s best bank.

July 19, 2024

Denmark

For Danske Bank, Denmark’s best bank, 2023 was a year of rehabilitation after a difficult period that culminated in the settlement in late 2022 of historic money laundering issues. With a strong financial performance that saw profits nearly double even after adjusting for the regulatory charges in 2022, the bank has come roaring back to life.

July 19, 2024

Awards for Excellence: Best digital bank in Hong Kong – Standard Chartered

Standard Chartered wins the award this year for making several key enhancements to its digital banking platform, supporting strong growth in customer sales and engagement.

July 19, 2024

Awards for Excellence

Banker of the year: Andrea Orcel demonstrates UniCredit’s worth

Andrea Orcel’s long-awaited debut as a bank chief executive has won over the markets, largely thanks to capital returns. But his plans for UniCredit go far beyond balance-sheet management and costs. He now sees a chance to demonstrate growth.

Dominic O’Neill, July 19, 2024

Awards for Excellence

The US’s best super-regional investment bank: Truist Securities

In each of equity and debt capital markets, syndicated loans and M&A advisory, Truist Securities ranked higher than its super-regional peers in 2023, according to Dealogic. For its consistency and the progress it has made since the merger of SunTrust and BB&T that created the firm at the end of 2019, Truist wins the award for the US’s best super-regional investment bank this year.

July 19, 2024

Indonesia

Bank Mandiri, Indonesia’s largest bank by assets, achieved a record net profit of $3.6 billion in 2023, an impressive 34% year on year rise – the highest in the industry and significantly outpacing the other four tier-one banks. Led by president director Darmawan Junaidi, it retains the award for Indonesia’s best bank.

July 19, 2024

Ecuador

The Ecuadorian economy slowed significantly in 2023 and was largely driven by public-sector spending. The impact of new president Daniel Noboa, who won the November 2023 election, has yet to be seen, but liquidity remains a persistent issue for the dollarized economy. Seeking scale seems to be the best defence against the country’s regular dollar shortages and in this environment the large banks thrive.

July 19, 2024

Awards for Excellence: Best bank for diversity and inclusion in Taiwan: Bank SinoPac

Bank SinoPac has long focused on initiatives to promote responsible and inclusive finance, primarily by channelling loans to small businesses. The total outstanding of such lending to small and medium-sized enterprises was NT$325 billion ($10 billion) at the end of 2023.

July 19, 2024

Awards for Excellence

Asia’s best bank for transaction services: HSBC

HSBC was the standout candidate in this award this year, dominating transaction banking in Asia.

July 19, 2024

Awards for Excellence: Best investment bank in China – CICC

In a tumultuous year for China’s investment banks, marked by a muted IPO market and stricter regulatory oversight, CICC has emerged as the undisputed leader. While prominent Chinese investment banks, such as Citic, have faced investigation case filings from the regulator, CICC has solidified its position at the forefront of the industry, particularly in the domestic M&A space.

July 19, 2024

Awards for Excellence

North America’s best bank for transaction services: Bank of America

Transaction banking clients faced many challenges in 2023, mostly as a result of the rapidly shifting interest rate environment. That made it vital to have a banking partner that could supply reliable advice on liquidity management.

July 19, 2024

Côte D’Ivoire

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.

July 19, 2024

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