Best Banks In The World 2019: Banking Transformed

Global Finance presents its 26th annual awards for the World’s Best Banks, honoring winners in 149 countries and seven global regions, as well as eight regions of the US.3 min


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With its annual World’s Best Bank awards, Global Finance honors financial institutions that stand out in the qualities that corporations look for when choosing a bank. The winners are not necessarily the biggest banks, but rather, the best.

One common theme among many of this year’s winners is that they have taken the lead in adopting the latest banking technology to transform their institutions into banks of the future. They have expanded their digital and mobile channels and closed some of their brick-and-mortar branches.

“There’s a new kind of promise in the banking industry—and possibly no better time than now for transformation,” Deloitte says in its 2019 banking industry outlook. “Economic fundamentals are strong, the regulatory climate is favorable, and transformation technologies are more readily accessible, powerful and economical than ever before.”

Global corporate lending is growing in the US and Asia, although Europe remains in the doldrums. Competition for corporate loans is expected to intensify in 2019, along with further easing of credit underwriting standards in the first half of this year, Deloitte’s report says. “But given the higher likelihood of a downturn in the next several years, banks should adjust their risk appetite accordingly,” it adds. “To alleviate this risk, banks should strengthen their specialized lending expertise, which if executed well can result in a superior ability to screen, value collateral, structure loans to minimize potential losses and manage the workout of problem loans.”

The banking industry is on more solid ground today than when the global financial crisis hit more than a decade ago. There are, however, some signs of excess. Terms for leveraged loans have become more borrower-friendly, causing the leveraged loan market to surpass $1 trillion, rivaling the size of the high-yield market. No one knows what will happen if the economy tanks and these risky loans cannot be repaid.

Prudent lending standards were one factor Global Finance took into account when selecting the World’s Best Banks. All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. Banks were invited to submit entries supporting their selection. Our criteria included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products/solutions. In addition, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.    

WORLD’S BEST BANKS 2019
REGIONAL WINNERS
North AmericaCiti
Latin AmericaBBVA
Western EuropeCaixaBank
Central & Eastern EuropeUniCredit Group
Asia-PacificOCBC
Middle EastArab Bank
AfricaStandard Bank Group
BEST BANKS IN NORTH AMERICA 2019
BermudaButterfield Bank
CanadaRoyal Bank of Canada
United StatesBank of America
BEST BANKS IN LATIN AMERICA 2019
ArgentinaBanco Santander Rio
BahamasCIBC FirstCaribbean
BarbadosRBC Royal Bank
BelizeBelize Bank
BoliviaBanco Mercantil Santa Cruz
BrazilBradesco
ChileBanco de Chile
ColombiaBanco de Bogotá
Costa RicaBAC Credomatic
Dominican RepublicBanreservas
EcuadorProdubanco
El SalvadorBanco Cuscatlán
GuatemalaBanco Agromercantil
HondurasBanco Ficohsa
JamaicaNational Commercial Bank
MexicoBanorte
NicaraguaBanco LAFISE Bancentro
PanamaBanco General
ParaguayBanco Itaú Paraguay
PeruBBVA Continental
Puerto RicoBanco Popular de Puerto Rico
Trinidad & TobagoRepublic Bank
Turks & CaicosScotiabank Turks & Caicos
UruguaySantander Uruguay
US Virgin IslandsFirstBank Virgin Islands
BEST BANKS IN WESTERN EUROPE 2019
AndorraCredit Andorra
AustriaBAWAG Group
BelgiumBNP Paribas
CyprusHellenic Bank
DenmarkNordea Bank
FinlandOP Financial Group
FranceCredit Mutuel
GermanyCommerzbank
GreeceEurobank Ergasias
IcelandLandsbankinn
IrelandBank of Ireland
ItalyIntesa Sanpaolo
LiechtensteinLGT
LuxembourgBanque Internationale a Luxembourg
MaltaBank of Valletta
MonacoCFM Indosuez Wealth
NetherlandsABN Amro Bank
NorwayDNB
PortugalBanco Santander Totta
SpainCaixaBank
SwedenSwedbank
SwitzerlandCredit Suisse
UKLloyds Bank
BEST BANKS IN CENTRAL & EASTERN EUROPE 2019
AlbaniaBanka Kombetare Tregtare
BelarusPriorbank
Bosnia & HercegovinaRaiffeisen Bank dd Bosnia i Hercegovina
BulgariaUniCredit Bulbank
CroatiaZagrebacka banka
Czech RepublicCeska Sporitelna
EstoniaSEB Pank
HungaryOTP Bank
KosovoTEB Bank
LatviaSEB banka Latvia
LithuaniaSEB Lithuania
MoldovaMoldova Agroindbank
MontenegroCrnogorska Komercijalna Banka
North MacedoniaOhridska Banka Societe Generale
PolandBank Millennium
RomaniaBanca Transilvania
RussiaCredit Bank of Moscow
SerbiaBanca Intesa Beograd
SlovakiaTatra banka
SloveniaSKB Group
TurkeyAkbank
UkraineRaiffeisen Bank Aval
BEST BANKS IN ASIA-PACIFIC 2019
AfghanistanAIB
ArmeniaArdshin Bank
AustraliaWestpac
AzerbaijanPASHA Bank
BangladeshThe City Bank
Brunei DarussalamBaiduri Bank
CambodiaABA Bank
ChinaICBC
GeorgiaTBC Bank
Hong KongThe Bank of East Asia
IndiaState Bank of India
IndonesiaBank Mandiri
JapanSMBC
KazakhstanForte Bank
KyrgyzstanOptima Bank
MacauICBC Macau
MalaysiaPublic Bank
MongoliaKhan Bank
MyanmarCB Bank
NepalRastrija Banija
New ZealandASB Bank
PakistanMeezan Bank
PhilippinesBDO Unibank
SingaporeDBS Bank
South KoreaKEB Hana Bank
Sri LankaCommercial Bank of Ceylon
TaiwanCathay United
ThailandBangkok Bank
UzbekistanAsia Alliance Bank
VietnamMaritime Bank
BEST BANKS IN THE MIDDLE EAST 2019
BahrainAhli United Bank
EgyptCommercial International Bank
IraqTrade Bank of Iraq
IsraelBank Hapoalim
JordanArab Bank
KuwaitNational Bank of Kuwait
LebanonBLOM Bank
OmanBank Muscat
PalestineBank of Palestine
QatarQatar National Bank
Saudi ArabiaSamba Financial Group
United Arab EmiratesMashreq
YemenArab Bank Yemen
BEST BANKS IN AFRICA 2019
AlgeriaAl Baraka Bank of Algeria
AngolaBanco de Fomento Angola (BFA)
BeninSociete Generale Benin
BotswanaStandard Chartered Bank Botswana
Burkina FasoUnited Bank for Africa
CameroonSociété Générale Cameroun
Côte d’IvoireSociete Generale Côte d’Ivoire
DR CongoRawbank
DjiboutiBCIMR
EthiopiaCommercial Bank of Ethiopia
GambiaEcobank Gambia
GhanaZenith Bank
GuineaSociété Générale de Banques en Guinée
KenyaKCB Bank Kenya
MadagascarBNI Madagascar
MalawiNational Bank of Malawi
MaliBank of Africa
MauritiesMauritius Commercial Bank
MoroccoAttijariwafa Bank
MozambiqueMillennium bim
NamibiaFirst National Bank of Namibia
NigeriaGuaranty Trust Bank
RwandaI&M Bank Rwanda
SenegalSociété Générale de banques au Sénégal
Sierra LeoneUnion Trust
South AfricaStandard Bank
TanzaniaCRDB Bank
TogoEcobank Togo
TunisiaBanque Internationale Arabe de Tunisie
UganadaStanbic Bank Uganda
ZambiaBarclays Bank Zambia
ZimbabweCBZ Bank
BEST U.S. REGIONAL BANKS 2019
Far WestUnion Bank
Great LakesUS Bancorp
Mid-AtlanticPNC Bank
New EnglandRockland Trust
PlainsUS Bancorp
Rocky MountainZions Bancorp
SoutheastUnited Bankshares
SouthwestComerica

Methodology

Global Finance editors, with input from industry analysts, corporate executives and technology experts, selected the winners for the Best Bank Awards using entries provided by banks and other providers, as well as independent research, based on a series of objective and subjective factors. It is not necessary to enter in order to win, but experience shows that the additional information supplied in an entry can increase the chance of success. In many cases, entrants are able to present details and insights that may not be readily available to the editors of Global Finance.

Judgements were based on performance over the period from January 1, 2018 to December 31, 2018. We applied an algorithm to shorten the list of contenders and arrived at a numerical score, with 100 equivalent to perfection. The proprietary algorithm includes criteria—such as knowledge of local conditions and customer needs, financial strength and safety, strategic relationships and governance, competitive pricing, capital investment and innovation in products and services—weighted for relative importance.

Once we have narrowed the field, our final criteria include scope of global coverage, size of staff, customer service, risk management, range of products and services, execution skills and smart use of technology. In the case of a tie, our bias leans toward a local provider rather than a global institution. We also tend to favor privately owned banks over government-owned institutions. The winners are those banks and providers that best serve the specialized needs of corporations as they engage in global business. The winners are not always the biggest institutions, but rather the best—those with qualities that companies should look for when choosing a provider.


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Sande Kennedy

Sande Kennedy is the founder of SandeKennedy.com & Kenyans247.com He is a Kenyan-based Internetprenuer,blogger Political Activist,informer who has an interest in politics, governance, corporate-fraud and human-interest. Kindly drop me a note if you feel aggrieved on any matter that you would want to be highlighted. Twitter @itssandekennedy , Instagram @itssandekennedy WhatsApp: +254791890826 Read More about me here

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