The Asia-Pacific region was the most improved region in The Banker's cost-to-income ranking, which was part of the Top 1000 World Banks ranking. The region has been steadily improving its average cost to income, which lowered to 40.73% from 50.88% and 55.17% in 2012 and 2011, respectively.
After Asia-Pacific, the most noticeable improvement was achieved by central and eastern Europe, where average cost to income moved down to 48.44% from 56.19%. The region of central and South America also lowered its average ratio to 50.67% from 55.27%, while Africa’s ratio rose only slightly to 51.07% from 49.88% in 2012's rankings. The Middle East remained virtually unchanged in terms of efficiency, with a 39.03% ratio compared with last year’s 39.69%.
Read more about this year's cost to income ranking, in the article Developing countries top for efficiency.
