The continuing bonanza for banks over the past five years may be coming to an end, at least for some, following the recent subprime crisis. But for many, strong economic growth around the globe, especially in developing economies, continues to provide a key platform for record profits and expanding profitability. The Banker’s eighth Bank of the Year Awards – sponsored by Bahrain Financial Services Development – reflect the success and financial achievements of the top banks from countries across the globe.

Our 155 Bracken winners, representing a record 143 countries and all the regions of the world, are the cream of the global banking community and the best achievers in the industry.

This year, The Banker’s eighth annual commercial banking awards provide winners in a record 143 countries along with seven regional awards, including Global Bank of the Year to the Royal Bank of Scotland. In addition we include awards in emerging markets, cash management, securities services and two in environmental social governance (formerly known as corporate social responsibility) as well as a chief information officer award. Together these winners represent the best commercial banking performances across the globe.

In a special award, William R Rhodes, chairman, president and chief executive of Citibank, will receive The Banker’s first Lifetime Achievement in Banking Award at the 2007 awards ceremonies in London on 28 November.

The criteria for the assessment of the Bank of the Year Awards for the 143 countries and the regions is built around detailed questionnaires provided by banks, and this year 457 banks from these 143 countries submitted questionnaires to our editorial team. Our global judging team reflects not only on the latest results, growth rates and performance data over the previous period contained in the questionnaires but also analyses of all available material examining technology, acquisitions and key strategic developments.

The award for a single bank in each country is for the best overall performance in the previous period incorporating performance criteria, qualitative achievements and strategic initiatives. The cash management and securities services winners were selected from analysis of the major players in these sectors and the Chief Information Officer Award stemmed from a peer review vote from 20 of the world’s largest commercial banks. The environmental social governance awards were judged by specialist Innovest Strategic Value Advisers in association with The Banker.

This year, the world’s largest banking acquisition, the $99.9bn purchase of ABN AMRO by a consortium led by Royal Bank of Scotland, played a key role in the awards with Royal Bank of Scotland our Global Bank of the Year and Belgium’s Fortis, one of the RBS consortium, winning the regional award in western Europe.

Unlike previous years, the winners in 2007 come from a diverse range of banks but nevertheless some banks did have multiple successes. South Africa’s Standard Bank Group won in Emerging Markets and seven countries in Africa, Spain’s BBVA Group won in Latin America and four countries in Latin America, Standard Chartered Bank won in Africa plus five countries in Africa and central Asia and Austria’s RZB won in Austria and four countries in central Europe.

BRACKEN WINNERS

 GLOBAL AWARDS 2007

 

 Zimbabwe
 Zambia
 Yemen
 Vietnam
 Venezuela
 Uzbekistan
 Uruguay
 United States of America
 United Kingdom
 United Arab Emirates
 Ukraine
 Uganda
 Turkmenistan
 Turkey
 Tunisia
 Trinidad & Tobago
 Togo
 Thailand
 Tanzania
 Taiwan
 Switzerland
 Sweden
 Swaziland
 Sri Lanka
 Spain
 South Korea
 South Africa
 Slovenia
 Slovakia
 Singapore
 Sierra Leone
 Serbia
 Senegal
 Saudi Arabia
 Rwanda
 Russia
 Romania
 Qatar
Puerto Rico
 Portugal  
 Poland  
 Philippines  
 Peru  
 Paraguay  
 Pakistan  
 Oman  
 Norway  
 Nigeria  
 Nicaragua  
 New Zealand  
 The Netherlands  
 Nepal  
 Namibia  
 Mozambique  
 Morocco  
 Mongolia  
 Moldova  
 Mexico  
 Mauritius  
 Malta  
 Mali  
 Malaysia  
 Malawi  
 Madagascar  
 Macedonia  
 Macau  
 Luxembourg  
 Lithuania  
 Liechtenstein  
 Lesotho  
 Lebanon  
 Latvia  
 Laos  
 Kyrgyz Republic  
 Kuwait  
 Kosovo  
 Kenya  
 Kazakhstan  
 Jordan  
 Japan  
 Jamaica  
 Italy  
 Israel  
 Ireland  
 Iran  
 Indonesia  
 India  
 Iceland
Hungary
 Hong Kong  
 Honduras  
 Guinea  
 Guatemala  
 Greece  
 Ghana  
 Germany  
 Georgia  
 Gambia  
 France  
 Finland  
 Ethiopia  
 Estonia  
 El Salvador  
 Egypt  
 Ecuador  
 Dominican Republic  
 Denmark  
 Czech Republic  
 Cyprus  
 Cuba  
 Croatia  
 Cote d’Ivoire  
 Costa Rica  
 Congo  
 Colombia  
 China  
 Chile  
 Cayman Islands  
 Canada  
 Cambodia  
 Burkina Faso  
 Bulgaria  
 Brunei  
 Brazil  
 Botswana  
 Bosnia & Herzegovina  
 Bolivia  
 Bermuda  
 Benin  
 Belgium  
 Belarus  
 Barbados  
 Bangladesh  
 Bahrain  
 Bahamas  
 Azerbaijan  
 Austria  
 Australia
 Armenia
 Argentina  
 Andorra  
 Albania  
 Afghanistan

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