The word ‘crisis’ could not have its origins anywhere else but Greece, writes Alexandros Tsourinakis
For the past 18 months, the sovereign issuer has been at the centre of world attention due to the depth and severity of Europe’s largest fiscal drama in recent memory. Its roots and implications are affecting financial institutions at home and abroad in...
A year after its debut, ABN AMRO MeesPierson is named the Netherlands’ best private bank. World Finance spoke to CEO Frans van Lanschot
A new beacon in private banking excellence, ABN AMRO MeesPierson was formed in 2010 by the integration of two of the Netherlands’ oldest and most-respected names in wealth management – ABN AMRO Private Banking and MeesPierson. Private ba...
Nordea is committed to taking all necessary steps to be in the top league in Europe, citing three key elements
This year Nordea celebrates its 10th anniversary. Not that much for a bank perhaps, but Nordea is a result of approximately 300 mergers within the Nordic countries and the oldest bank is from the early 19th century. Between 1997 and 2001, leading banks...
Willibald Cernko, CEO of Bank Austria, speaks to World Finance about the possibilities Europe has at its disposal, and the how the bank will be there to aid in the single currency area’s success
With many considering the banking slide to have served it’s term and new regulations on the offing, several financial institutions have recognised this as the time to make profitable steps. Bank Austria has presented a strong and distinct mess...
Slew of awards in 2010 for strong performance and systems improvements have seen an AA upgrade
Allied Bank is one of the five largest banks in Pakistan, with a network of over 800 branches in more than 300 locations offering real-time online banking. The bank leads the way by having a network of over 586 ATMs across Pakistan, with more machines add...
BMO Harris Private Banking is one of North America’s most prominent
private banks. Behind its success is a unique emphasis on client involvement, a strong team of professionals, and a series of groundbreaking initiatives
BMO Harris Private Banking (BHPB) – winner of the World Finance award for Best Private Bank in Canada, 2011 – is part of BMO Financial Group (BMO), a highly-diversified North American financial services organisation. The World Finance judging ...
Huge growth potential in micro, small and medium businesses – over 60 percent of which have no access to banking services
Bank Rakyat Indonesia (BRI) has been the most profitable Indonesian bank for six years thanks to its aggressive focus on low-income businesses. The higher profit margins available in servicing micro and small commercial businesses have been a powerful eng...
A pioneering Israeli bank has made banking services more easily accessible and available through the use of advanced technology
Bank Leumi is Israel’s first banking corporation. Established in 1902, it currently operates 269 branches throughout Israel, as well as 72 branches located in 18 countries worldwide, including the US, UK, Switzerland and Luxembourg. Leumi has 13,490 emp...
Further centralisation and roll-out of assistive technology
to bring further gains to $4bn market value
Corpbanca is Chile’s oldest operating private bank, with one of the fastest-growing loan portfolios in the country and one of the most successful stories of the Chilean banking industry. In 1995 the bank was bought by a group of investors who, led b...
A growing number of social and banking experts believe that microfinance – small value loans to the world’s poorest citizens – is the best way to help people lift themselves out of the poverty trap, writes Shirley Redpath. But few would expect that providing microfinance could be the basis of a successful publicly owned business
Yet the leading microfinance bank in Bolivia, BancoSol, has just been named Best Banking Group, Bolivia by the awards panel of this magazine, CEO Kurt Koenigsfest has been elected President of the Bolivian banking association, which includes both commerci...
234.1% of GDP, pariah of debt markets, but with hopes for a healthy twelve months ahead
197.5%, hard-hit by the tsunami, and reeling from the internal corruption allegations
142.8%, possibly heading for default, and considered one of many eurozone bad boys
133.8%, deceptively, has a strong banking sector, but little more in an ailing economy
126%, hopelessly indebted banks and very little light at the end of a long and gloomy tunnel
119% of GDP, in need of reform, paying over 7% for its debt thanks to technocratic leadership
106%, to many an idyllic investment destination, a great borrower, repayer, and long term option
101%, no government for most of 2011 didn’t help a weak economy in dire need of stimulus
90%, high but it’s recovering from a long and protracted revolution and aiming high
82%, stronger countries like Germany are contaminated by the weakest. It could go on…