Latest news with #TheBanker
Qatar Tribune
5 days ago
- Business
- Qatar Tribune
CB named best performing bank in Qatar by The Banker's ranking
Tribune News Network Doha Commercial Bank, a leading financial institution in Qatar renowned for its cutting-edge digital banking capabilities, has been recognised as the Best Performing Bank in Qatar in The Banker magazine's prestigious Top 1000 World Banks Rankings 2025. The bank also earned a prominent distinction as one of the top 3 highest movers in the Middle East, reflecting its exceptional year-on-year growth in performance and strategic execution. Published annually, The Banker's Top 1000 World Banks is the most authoritative and comprehensive global ranking of financial institutions, widely regarded as the definitive benchmark for international banking excellence. Rankings are determined based on audited year-end financials, with a particular emphasis on Tier 1 capital strength — a critical measure of a bank's financial stability and resilience. Recognition in this index signifies both operational soundness and sustained performance on a global scale. Commercial Bank Group Chief Executive Officer Joseph Abraham expressed pride at the announcement, calling it a major milestone in the bank's ongoing journey. 'This recognition marks a significant milestone in our journey and stands as a strong testament to the bank's solid capital foundation, disciplined strategic execution, and operational resilience,' he said. 'It reflects the collective dedication of our team, the trust of our clients, and the continued support of our stakeholders. We are proud to represent Qatar on the global stage and to be ranked among the region's top-performing banks. This achievement further reinforces our commitment to delivering sustainable value and driving long-term growth.' The 2025 edition of The Banker rankings, based on audited financial results as of 31 December 2024, is particularly significant as it is the first to incorporate end-of-year data reflecting the latest performance metrics from banks around the world. Commercial Bank's appearance at the top of the national rankings and among the highest climbers regionally is indicative of its robust fundamentals and dynamic adaptability in a challenging and competitive financial landscape. The accolade also highlights the strategic progress made by the bank across a range of critical areas. Commercial Bank has been at the forefront of Qatar's digital banking revolution, investing heavily in artificial intelligence, data analytics, and customer-centric platforms to improve service delivery and operational efficiency. Its focus on innovation has allowed it to meet evolving customer expectations while maintaining strict standards of risk management and financial governance.
Al Bawaba
5 days ago
- Business
- Al Bawaba
Bank ABC recognised as the Best Bank in the Middle East for Transaction Banking by The Banker for a second time
Bank ABC has been recognised as the Best Bank for Transaction Banking in the Middle East by The Banker - Financial Times for a second time. This regional award is testament to the acceleration of Bank ABC's ambitious digital strategy. The Banker's highly coveted awards are an industry benchmark for banking excellence, adjudged by industry leaders and its top editors from the Financial ABC stood out for delivering an innovative corporate banking offering, enabling enhanced connectivity, and a seamless end-to-end digital customer experience. This encompasses the global rollout of a revolutionary Corporate Portal, leveraging cutting-edge, AI-driven technologies to offer a custom persona-based experience and instant access to the Bank's Trade, Supply Chain Finance and Cash Management products and on the Bank's major win, Bank ABC's Group CEO, Sael Al Waary remarked: "We are honoured to receive The Banker's Transaction Banking Award for the Middle East and would like to thank the Financial Times for this prestigious title. This esteemed recognition highlights our focused strategic transformation journey and our continued efforts to shape banking in the region as MENA's International Bank of the Future. Over the past year, we have accelerated the digitisation of our Wholesale Bank, enhancing our global network to provide our clients with a superior, highly personalised multi-experience platform. This achievement is a testament to the collaborative efforts of our team. I would like to sincerely thank them for their dedication and thank our clients for their unwavering trust.'Bank ABC serves clients in twenty-five markets through its international network spanning fifteen countries across MENA, Europe, the Americas and Asia. The Bank's growth strategy is well underway, centered around accelerating core performance, digitising its businesses and strengthening operational efficiency. The Bank has steadily expanded its footprint with its pivotal merger with BLOM Bank Egypt, integrating more than 18 business and support functions and expanding its market share in the the digital innovation front, the Bank continued to roll out its seamless digital corporate onboarding solution across 13 global units, enabling corporate clients to open an account with the Bank in less than eight hours, a tremendous reduction to the 60-day industry average. In addition, the Bank collaborated with the Central Bank of Bahrain and J.P. Morgan to launch a next-generation instant cross-border payment service, powered by blockchain and distributed ledger technologies, driving significant efficiencies in trade related payments. Building on recent achievements, Bank ABC continues to make an impact in the region's financial domain with next-level digital deliveries, growing financial performance and a new kind of banking for corporate customers to experience.
Business Wire
07-07-2025
- Business
- Business Wire
Piraeus Recognised as Greece's Best Performing Bank in The Banker's 2025 Rankings
ATHENS, Greece--(BUSINESS WIRE)--Piraeus (ATHEX: TPEIR) (OTCQX:BPIRY) has been recognised as Greece's Best Performing Bank in The Banker's 2025 Top 1000 World Banks rankings, the globally respected benchmark of banking strength published annually by the Financial Times. Piraeus secured the top spot in Greece for overall performance, achieving #1 positions in both operational efficiency and risk adjusted return. The Banker's Top 1000 World Banks performance rankings evaluate banks using a composite of metrics that go beyond Tier 1 capital. These include efficiency, asset quality, liquidity, and return, offering a broader view of sustainable banking performance. The data is sourced from banks' latest financial filings and assessed independently by The Banker's editorial and research team. Used by central banks, strategists and senior decision-makers in 94 countries, these rankings remain the most comprehensive measure of global banking strength, covering over 130 performance indicators and tracking $150 trillion in assets. Christos Megalou, Chief Executive Officer of Piraeus, commented, 'This recognition reflects the consistent, disciplined work across our organisation to improve efficiency, manage risk and deliver strong results for our clients and stakeholders. Being ranked first in overall performance is a testament to our team's efforts and to Piraeus' strength, resilience and leadership in our primary market. It demonstrates that our strategy is working and that our commitment to long-term value creation is resonating both within Greece and internationally.' The Banker notes that 2024 brought mixed results for European lenders, with pre-tax profits falling across the region and asset growth subdued. Greek banks, by contrast, have returned to profitability after a decade of restructuring, with Piraeus standing out for its strength in core performance metrics. Piraeus' performance in The Banker's rankings follows a period of focused execution across the Bank, from operating discipline to risk-adjusted returns. Over the past year, Piraeus delivered strong profitability, recording a net profit of €1.1 billion in 2024 and a return on tangible book value of 15%. The Bank continued to strengthen its balance sheet, growing its performing loan book by a leading market rate of 12%, to nearly €35 billion. Assets under management continued to grow at more than 20% per year, currently above €12 billion. These results underline the significant progress made in reinforcing the Bank's foundations and highlight its important role in supporting the Greek economy through stable, responsible, and forward-looking banking.
Qatar Tribune
02-07-2025
- Business
- Qatar Tribune
QNB recognised among top 1000 banks worldwide
Tribune News Network Doha QNB Group, the largest financial institution in the Middle East and Africa, has demonstrated its financial strength and leadership by securing a place among the world's top banks in The Banker magazine's Top 1000 Global Bank Rankings 2025. Based on end-of-year 2024 audited financials, QNB ranked 78th globally by Tier One Capital, maintaining its position among the top-performing banks worldwide. Regionally, the Group was ranked 4th in the Middle East by Tier One Capital, while continuing to lead in Qatar, by placing 1st for both Tier One Capital and Total Assets. The Banker's annual rankings are considered the most comprehensive benchmarks for global banking performance. This recognition reflects the Group's consistent financial stability, strong capital position, and its continued focus on delivering long-term value to shareholders and customers alike. Commenting on the ranking,Heba Al Tamimi, Senior Executive Vice President, QNB Group Communication stated: 'Our strong and sustained performance is a direct result of our prudent strategy, customer-centric approach, and robust financial fundamentals. Being ranked among the top banks globally reinforces our ambition to expand our global presence and remain the leading financial institution in the region.' QNB Group is one of the leading financial institutions in the MEA region and among the most valuable banking brands in the regional market. Present in over 28 countries across three continents, it offers tailored products and services supported by innovation and backed by a team of over 31,000 professionals dedicated to driving banking excellence worldwide.
Daily Tribune
18-06-2025
- Business
- Daily Tribune
Vision, Innovation Earn Arab Bank Award
TDT | Manama A bold mix of innovation, strategic agility and customer focus has earned Arab Bank the title of 'Best Bank in the Middle East 2025' from New York-based Global Finance magazine, reaffirming the bank's stature as a regional financial leader. The award was announced following extensive consultations with corporate financial executives, analysts and consultants worldwide. Evaluation criteria included asset growth, product innovation, geographical coverage and strategic partnerships. Arab Bank stood out for its ability to adapt to change while sustaining profitability and expanding market presence. Building global credibility This recognition comes shortly after another major accolade, as The Banker magazine, published by the Financial Times, named Arab Bank 'Bank of the Year in the Middle East 2024'. Together, the honours reinforce the bank's position as one of the region's most globally respected financial institutions. Commenting on the Global Finance award, Arab Bank CEO Randa Sadik said it reflected the bank's evolving brand and its forward-looking ethos. 'This global recognition affirms the vision and commitments embedded in our refreshed brand identity,' she said. 'It reflects our unwavering commitment to customer-centricity, innovation and agility.' She added that the bank remains focused on enabling both customers and communities to thrive in an increasingly dynamic world. Legacy and leadership Founded in 1930 and headquartered in Amman, Arab Bank today operates one of the world's largest Arab banking networks, with over 600 branches. Its footprint covers key global financial centres including London, Geneva, Paris, Singapore, Shanghai, Sydney, Dubai and Manama. With awards now under its belt from both Global Finance and The Banker, Arab Bank has shown that its blend of legacy and innovation continues to resonate across markets and borders.
