Regulatory strictures have forced European banks to shape up, with positive results for many.
Best Banks & Financial Rankings
The world’s biggest banks are even bigger than last year. China has the biggest; Europe has the most.
For China’s banks, growth is easier than reducing debt and bad loans.
Almost one in four countries experienced a change of their Safest Bank in 2018, as winners were rewarded for improved financial profiles, higher ratings and asset growth.
China has the world’s biggest banks, so it’s no surprise that it leads the emerging markets rankings. The rest of the BRICs are well represented, too.
Rating-agency reappraisals shake up this year’s ranking of the world’s safest banks.
Emerging markets are more vulnerable to external shocks of all kinds; the safest banks provide stability in volatile markets.
Middle East banks are generally strong, but will need to grow their books of quality loans to improve profitability.
Juan Alcaraz, general manager of CaixaBank, winner of World’s Best Consumer Bank, talks about deep customer profiling, technology benefits, and responsible stewardship.
Koba Gvenetadze, governor of the National Bank of Georgia, talks about Georgia’s impressive growth and its exposure to emerging-market risks and Turkey’s troubles.
Juan José Echavarría, Governor of the Central Bank of Colombia, talks about consumption, contagion and the outlook for regional economies through next year.
Sultan Al Habsi Deputy Governor of the Central Bank of Oman talks to Global Finance about special economic zones, foreign investment, and state-of-the-art logistics.
In an era of volatility and change, the independence of central banks can no longer be taken for granted.
Advanced technologies help banks be competitive and retain customers. Maxim Evdokimov, vice president of Russia’s Tinkoff Bank, a digital leader that took several regional awards, explains how technology and lifestyle banking will drive the industry.