The sector was described as stable by the IMF in September, but the ongoing conflict with Israel is set to change the outlook.
The mergers and acquisitions environment has been suppressed by inflation and rising interest rates so far.
An annual survey by McKinsey dives into the challenges to growth and profitability of European private banks. After a successful 2021, the industry is navigating an uncertain macroeconomic outlook and evolving client needs.
For the second year in a row, Vancity has topped the annual Sustainable Banking Revenues league table, which looks at how much of banks’ overall revenue is being generated from sustainable lending, investments and underwriting.
Lenders across the continent experienced pressure from high inflation and a strong US dollar in 2022.
Decline in revenue likely to continue into 2024, says Scope Ratings.
Despite the advance in the number of people accessing financial services in the region, those who have access to them still face struggles in terms of costs and indebtedness risk.
Global account-to-account transaction value surpassed $525bn in 2022 and is projected to grow at 13% to 2026.
While net interest margins have peaked, the higher level of prevailing interest rates continue to play in the banks’ favour.
Embracing digital transformation is now de rigueur for global transaction banks. This year, our winning banks are focused on delivering virtual, tailored products to meet their clients’ cash, liquidity and sustainability needs.
Gulf lenders thrive while Egyptian banks feel the pressure.
China’s digital banks have rocketed up The Banker’s best-performing table, overtaking the mega state-owned lenders.
India’s private sector banks are enjoying a period of growth and climbing up The Banker’s Top 1000 World Banks ranking. Rekha Gupta Menon reports on how strategic M&A has enabled some banks to see strong expansion.
While there has not been much change in the positions of the top 10 Indian banks by Tier 1 capital, it is sixth-largest lender, Kotak Mahindra Bank, that tops the performance table.
The Landesbanken’s liquidity at the end of 2022 was very strong.
Editor Joy Macknight and Latin America editor Barbara Pianese discuss the high-level results of the Top 1000 World Banks ranking, as well as new entrants for Latin America, the highest movers in the region, and the sector’s 2023 outlook
The government has resorted to unconventional fiscal policies.
Europe editor Anita Hawser and editor Joy Macknight discuss the impact of the creation of a mega bank in Hungary on this year’s highest movers for the region, and the continued dominance of Russian banks in this year’s rankings
It is too early to understand how much the new service will affect banks’ revenue.
The Banker's editor Joy Macknight and Europe editor Anita Hawser discuss high-level trends and new entrants to this year's Top 1000 World Banks ranking for western Europe