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.