Top 1000 World Banks – Kazakh bank outperforms on ROA
Jysan Bank of Kazakhstan comes out on top in the return on assets ranking, pushing United National Corporation of the US into second place. Joy Macknight reports.
After two years at the top of the return on assets (ROA) ranking, United National Corporation of the US has been knocked off its perch by Kazakhstan’s Jysan Bank, which did not even figure in last year’s top five in Asia-Pacific, excluding China and Japan.
Almaty-based Jysan Bank, owned by brokerage firm First Heartland Securities, reports an impressive 18.4% ROA, while United National saw a slight drop year-on-year to 12.4%. Ukraine’s PrivatBank is close on the latter’s heels, posting a 10.6% ROA.
Argentina’s Banco Macro leads the Latam and Caribbean table, with an ROA of 9.5%, followed by Banco Compartamos from Mexico posting an ROA of 7.4%. The latter returns to the top five in the region after dropping out in 2019. Previously, Banco Compartamos had dominated the overall ranking in 2017 and 2016.
In the Middle East, UAE’s National Bank of Umm Al Qaiwain pips Saudi Arabia’s Al Rajhi Bank to first place. Impressively, three Angolan banks – Banco de Fomento Angola (BFA), Banco Angolano de Investimentos and Banco BIC – sit in the top five in Africa, making it BFA’s third year in this exclusive club.
Yet again, banks in Japan and China exhibit the weakest performances. Only Japan’s Seven Bank manages to attain an ROA of above 2%.
Joy Macknight is the editor of The Banker. She joined the publication in 2015 as transaction banking and technology editor. Previously, she was features editor at Profit & Loss, editorial director at Treasury Today and editor at gtnews. She also worked as a staff writer on Banking Technology and IBM Computer Today, as well as a freelancer on Computer Weekly. She has a BSc from the University of Victoria, Canada.