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Analysis & opinionSeptember 1 2004

Bank awards reveal record profits despite global economic instability

The Banker’s Bank of the Year Awards this year reflect a bumper year for profits, as many banks have posted record earnings in 2003 and continue to improve in the first half of 2004. While the global economic recovery remains unsteady and the political environment uncertain, aggregate profits in our Top 1000 listing in July reached record highs, up 65.4% on the previous year.

by Banker Editor

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