The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. A new entrant to the Turkish market Odea Bank – a subsidiary of Lebanon’s Bank Audi – has set an ambitious target to become one of the top 15 banks in Turkey by the end of 2017, making it one to watch over the next few years.
The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. Pakistan-based Tameer Bank has been selected for its mobile banking service, which is one of the first successful mobile banking schemes to employ a bank-led, commercially driven model.
The regional disparity when it comes the fortunes of the financial markets has been as stark as ever throughout 2012, from the continued malaise in Europe to further growth in Asia and Latin America. Yet throughout all of the world’s continents, there have been some stellar performances, the most impressive of which are saluted here.
Indonesia's banks were hit particularly hard during the 1998 Asian financial crisis, but they have made a strong recovery and now rank higher than their Association of South-east Asian Nations neighbours in terms of return on capital.