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Al Rajhi Bank and National Bank of Egypt have emerged as the strongest bank in the Middle East and Africa respectively. Across the region, the average ROA of banks fell to 0.9% in 2020 from 1.6% in the year earlier, while their capitalisation…
The top ten remained largely unchanged in the ranking of the largest banks in Asia Pacific, while HSBC slipped two places to rank 13th due to the stronger growth of Chinese banks and the appreciation of the RMB against the US dollar.
Saudi Arabia-based Al Rajhi Bank retained its position as the largest and strongest Islamic bank in the world, with total assets amounting to $125 billion in 2020. The aggregate total assets of the 100 largest Islamic banks in the world…
The financial performance of the Hong Kong and Singapore banking sectors remained relatively strong. The COVID-related relief measures eased the short-term pressure on banks’ asset quality and capital adequacy.
As hybrid working becomes more commonplace, organisations are grappling with the challenges of putting in place practical and secure remote working arrangements as well as risks from increased reliance on technology and having less control…