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Standard named best bank in Africa

Standard named best bank in Africa
cbn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbn.co.za Daily Mail and Mail on Sunday newspapers.

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World's Best Banks 2021: Western Europe | Global Finance Magazine

World’s Best Banks 2021: Western Europe
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May 06, 2021
The main challenges facing European banks as they entered 2020 were relatively slow economic growth coupled with ultralow interest rates, while strong competition in growing market segments such as mortgages led to margin compression. The arrival of the pandemic raised completely new challenges–adapting branches to meet health guidelines and business models to home-working and greater reliance on digital channels. Banks also had to respond rapidly to the economic impacts of lockdowns on their customers, through payment holidays, loan restructurings and by providing liquidity to businesses that were most seriously affected.
The speed and efficiency with which most banks–including our winners–adapted to the “new normal” is remarkable. The more successful had already invested heavily in digitization and, since the pandemic acted as an accelerator to the migration of customers to digital c ....

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World's Best Banks 2021: Africa | Global Finance Magazine

World’s Best Banks 2021: Africa
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May 04, 2021
History has shown that necessity breeds innovation, particularly during crisis. For African banks, 2020 was a year to demonstrate the ability to innovate, due to unprecedented disruptions brought about by Covid-19. The pandemic undoubtedly wreaked havoc on economies. The banking sector was not spared, suffering a surge in nonperforming loans (NPLs) and a plunge in profitability.
In late March, McKinsey reported that the average return on equity (ROE) for African banks had fallen to 7% in 2020, from 14% in 2019, which is at least better than their counterparts in developed markets, where McKinsey estimates average ROE could dip below 1.5% in 2021. Rebound for Africa’s banking industry could be swift and could return to near precrisis levels within the next three years, largely because banks “acted boldly to manage the economic fallout of the pandemic,” says McKinsey. ....

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World's Best Banks 2021: Central & Eastern Europe | Global Finance Magazine

World’s Best Banks 2021: Central & Eastern Europe
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This year’s best banks in the Central & Eastern European region responded to the pandemic crisis with agility.
May 04, 2021
Most countries in Central and Eastern Europe were less affected than their western neighbors by the first wave of the pandemic. During 2020 their economies, which are typically based more on manufacturing and agrobusiness than consumer-facing services, proved resilient and in many cases registered positive growth.
The region’s leading banks responded to this by expanding their loan portfolios across the board while at the same time cutting costs and shoring up their capital base through retained earnings and increasing provisions against anticipated Covid-19 related loan losses. ....

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NDB being awarded the best bank in Sri Lanka by Global Finance

NDB being awarded the best bank in Sri Lanka by Global Finance
newsfirst.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsfirst.lk Daily Mail and Mail on Sunday newspapers.

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