Chinese banks dominate the world’s top 10 banks by net profit, but their profit growth lagged behind US and UK banks, mainly due to rate cuts, narrowing profit margins.
Chinese banks dominate the world’s top 10 banks by net profit, but their profit growth lagged behind US and UK banks, mainly due to rate cuts, narrowing profit margins.
Siew Chan Cheong, group chief strategy and transformation officer at Maybank, discussed how the bank leverages digital innovation and strategic partnerships to enhance customer experience and drive sustainable growth.
The Middle East and Africa lead in bank profitability, benefiting from considerable non-interest-bearing deposits and elevated oil prices in the Middle East, along with high interest rates and foreign exchange gains in Africa, according to the TAB Global 1000 Strongest Banks Ranking.
Banks in Asia’s mature markets beat rising costs, deteriorating credit quality and higher interest rates, focusing on digital experiences, GenAI, green finance and fraud prevention
Transaction banks in Asia are rapidly advancing through innovation, adopting sustainable practices, and leveraging technology such as APIs and AI to streamline treasury and trade finance processes
North America and Asia Pacific banks maintain overall balance sheet strength over those in other regions, with the Middle East showing some improvements. Profitability among all 1000 banks improved, driven by higher interest rates, while asset quality indicators stayed stable.
The world of AI is evolving at an unprecedented pace, and at the forefront of this revolution is Agentic AI—AI that goes beyond passive automation to actively reason, plan, and take initiative. This next-generation intelligence is poised to transform industries, and in banking, its impact will be nothing short of revolutionary.
The TAB Global 1000 World’s Strongest Banks ranks the top banks in 99 countries by financial stability, evaluating six dimensions such as scale, asset quality, and profitability. In 2023, top banks benefited from favourable interest rate spreads, but as rates ease, questions about long-term profitability arise. View this session for an in-depth insight into the key takeaways from the world’s strongest banks.
A recent outage caused by a CrowdStrike software update has highlighted significant risks in technology and vendor management for financial institutions. The global disruption to Microsoft systems, which affected multiple sectors, including finance, has underscored critical vulnerabilities in these areas. View this session to explore how financial institutions are addressing technology and vendor risks, and the lessons learned from this incident.