Global Finance’s annual rankings of the World’s Safest Banks … NEW YORK, October 19, 2020 — Global Finance has named the World’s 50 Safest Commercial Banks for 2020 in an exclusive survey to be published in the November print and digital … A ranking is not a recommendation to purchase, sell or hold a security; and it does not comment on market price or suitability for a particular investor. The 29th annual World’s Safest Banks rankings were released on Monday and posted on Global Finance’s website. Ratings are reproduced with permission from the three rating agencies, with all rights reserved. According to Global Finance, the world’s safest banks are: KfW, Germany Classeditori. Some jurisdictions are requiring a more comprehensive assessment of bank capitalization to better gauge the impact of the Covid-19 crisis. Institutions also adopted an accommodative approach with their retail and corporate customers: extending more-flexible terms on loan payment, lowering interest rates and providing relief from fees and service charges. Global Finance’s ra Any of these developments could have significantly impacted banks’ credit worthiness. Next time your friends are giving you grief for wanting to protect your assets abroad, show them this list of safest banks in the world. This is part of the platform’s 29th annual World’s Safest Banks rankings. Other notable fallen angels include Swedbank, downgraded by all three agencies; and National Bank of Kuwait, which S&P demoted to A from A+ in March. Global Finance’s annual ranking of the World’s Safest Banks employs a proprietary methodology that incorporates long-term foreign currency debt ratings by Fitch, … “Surprisingly however, the relative position of the world's largest banks on Global Finance's World's Safest Banks 2020 lists has been mostly stable. Artificial intelligence (AI) is critical to the more complex types of data analysis banks demand and is at the heart of the sector’s technological transformation. but will expire. 0. Global Finance’s annual ranking of the World’s Safest Banks has been the recognised and trusted standard of financial counterparty safety for more than a quarter-century. Who gets it, how much—and when—could make or break economies this year. As always, year-over-year ratings fluctuations reshuffle the rankings. (CMR) Publication Global Finance has named Butterfield Bank and Jamaica's National Commercial Bank (NCB) among a list of the world's safest financial institutions. Access Bank; Nigeria’s safest bank for 2020. This is part of the platform’s 29th yearly World’s Safest Banks rankings. The pandemic and resulting pressures on the sector produced some significant shifts in this year’s Safest Commercial Banks rankings. Mr Herbert Wigwe, Access Bank Chief Executive Officer, announced this in a statement on Friday in Lagos. Any of these developments could have significantly impacted banks’ credit worthiness. In its 29th annual ranking of the world’s safest banks, the Global Finance Magazine has named Kuwait Finance House “KFH” as Safest Islamic Bank in the GCC - 2020. This year, Swedbank fell sharply, to No. It has been releasing the annual ranking of the top 50 safest banks in the world. This article appeared in issue For example, Fitch affirmed the four Australian banks included in our Global Top 50 but downgraded Rabobank to A+ from AA- with a negative outlook. Frankfurt-based KfW retains the title of the world’s safest bank for the 9th … On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. L-Bank is no longer triple-A rated by all agencies as S&P downgraded the German bank to AA+ in August following a downgrade of its domicile jurisdiction, the state of Baden-Württemberg, to AA+. Forbes ranks the world's best banks. According to Leadership Newspaper, Global Finance’s annual rankings of the World’s Safest Banks has been the recognised and trusted standard of financial counterparty safety for more than a […] Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable. L-Bank falls one spot to 6th place in this year’s global ranking, with Nederlandse Waterschapsbank taking its place at 5th. Institutions included here may operate in the same markets as state-sponsored competitors but don’t benefit from government backing. Following the outbreak of the pandemic, many banks responded quickly: prioritizing the safety of their employees and customers by retrofitting workplaces, encouraging remote work arrangements and closing some branches. The banks that make this list must fall within the largest 1,000 banks in the world. 12. One can … Each year, Global Financehonors the World’s Safest Banks as part of its Best Bank Awards ceremony, held during the IMF/World Bank Annual Meetings. The top 9 banks in the magazine’s World’s 50 Safest Banks … Global Finance’s annual rankings of the World’s Safest Banks have been a recognised and trusted standard of financial counterparty for safety for more than 25 years. The US-China trade war, slow global economic growth, and geopolitical risks are some of the reasons behind the current economic uncertainty. The world's safest banks in an annual ranking (top 50) made by the Global Finance magazine.. Any of these developments could have significantly impacted banks’ credit worthiness. One can … Australia Zürcher Kantonalbank (Switzerland) Specialising primarily in mortgages, private lending, … While the release in June of the US Federal Reserve’s Dodd-Frank Act Stress Test (Dfast) results indicated that banks’ capital and leverage ratios exceeded the minimum under a severely adverse stress scenario, the Fed decided to require a second round of Dfast. Pinterest. Global news and insight for corporate financial professionals. One can only speculate on when, or if, the changes will come. With the meetings being held … Yet overall, the sector has shown surprising resilience so far. Twitter. May 13, 2020 Author: … Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable. Commercial banks have been focusing for years on the transformation of their business models to leverage digital technology, but the Covid-19 pandemic has accelerated this process. Not all was due to their own deteriorating credit profiles. KUWAIT: In its 29th annual ranking of the world’s safest banks, the Global Finance Magazine has named Kuwait Finance House “KFH” as Safest Islamic Bank in the GCC – 2020.KFH has also been ranked fifth among all Islamic and conventional banks in the Middle East and 14th among the 50 banks ranked by Global Finance as the world’s safest bank in the emerging markets. Other central banks may follow the Fed’s easing stance, which makes bank profitability more challenging due to shrinking interest margins. As their customers isolate, and as they, in many cases, switch their employees to working from home, they need to adopt technology advancements to better enable them to target clients and markets. The full report for 2020 includes the following: World’s 50 Safest Banks, Safest Banks by Country, World’s 50 Safest Commercial Banks, 50 Safest Emerging Markets Banks, Safest Islamic Financial Institutions in the GCC, and Safest Banks … Standard & Poor’s expects a modest capital impact for top-rated banks, with risk-adjusted capital ratios falling from a 2019 average of 9% to 8.7% during 2020 and stabilizing in 2021. This is part of the platform’s 29th yearly World’s Safest Banks rankings. Next time your friends are giving you grief for wanting to protect your assets abroad, show them this list of safest banks in the world. This is part of the platform’s 29th yearly World’s Safest Banks rankings. Global Finance names this year’s 50 safest commercial banks. Each year, Global Financehonors the World’s Safest Banks as part of its Best Bank Awards ceremony, held during the IMF/World Bank Annual Meetings. Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020, following its continued efforts towards the protection of customer funds and data. All rights Reserved. Olushola Okunlade - December 19, 2020. Some of the leading global banks have managed to retain their position on the list while others have either gone up or down in the rankings in 2020. The Top Global 50. The recognition followed the bank’s efforts towards ensuring the protection of customer funds and data. Global Finance’s annual ranking of the World’s Safest […] At a time of significant uncertainty and risks to the global economy, the Global Finance annual rankings of the World’s Safest Banks … Each year, Global Financehonors the World’s Safest Banks as part of its Best Bank Awards ceremony, held during the IMF/World Bank Annual Meetings. The second Dfast test will incorporate a new set of benchmarks for 22 US-based banking groups and the US operations of 11 non-US banks, including more-stringent assumptions regarding GDP growth and unemployment. Executives recognize the need for greater operational efficiency as customer expectations increase beyond mobile applications and online-payment capabilities. (From THE NATION) "By Collins Nweze". The 29th annual World's Safest Banks rankings were released on Monday and posted on Global Finance's website. The new frontiers in banking include mobile payments, blockchain, inclusion and … agriculture? Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020, following its continued efforts towards the protection of customer funds and data. As in prior years, but especially given the additional stress of the Covid-19 crisis, some additional rating agency actions followed the September 4th finalization of the rankings. New exposures will require an upfront reserve for loan-loss expenses, as directed by the Financial Accounting Standards Board’s current expected credit loss model and the International Financial Reporting Standards IFRS 9 accounting treatment, rather than an estimate of incurred loss at the time a loan is originated. The commercial banking sector is experiencing profitability pressure, margin compression and rising credit costs as its loan book deteriorates in vulnerable sectors. NEW YORK, October 19, 2020- Global Finance has named the Safest Banks in 112 countries as part of its 29th annual World’s Safest Banks rankings. Luxembourg-based Banque et Caisse d’Epargne de l’Etat falls to 20th place, reflecting the application of our methodology. Who gets it, how much—and when—could make or break economies this year. Global Finance has announced its 29th annual ranking of the World’s Safest Banks. For its continued efforts towards ensuring the protection of customer funds and data, Global Finance, in its 29th annual World’s Safest Banks rankings, has named Access Bank … One can only speculate on when, or if, the changes will come. The pace of technology spending continues to pick up. Copyright © 2014 Overall, Fitch takes the view that near-term risks have abated. List of all of Global Finance’s Safest Banks 2020 rankings are linked here. The Roundtable agenda covered crucial topics in the sub-custody sector including: the global and regional impact on the COVID-19 pandemic on sub-custodians; the effect ... Bank safety has never mattered more than it does now. Most were affirmations with negative outlooks maintained. With the meetings being held … Surprisingly however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable. Within each rank set, banks are organized according to asset size based on data for the most recent annual reporting period provided by Fitch Solutions and Moody’s. KfW, Germany. Surprisingly however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 … Share this on WhatsAppFor its continued efforts towards ensuring the protection of customer funds and data, Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020. According to Fitch, the proportion of global banks with a negative outlook or on Negative Watch rose to over 60% as of June 2020 from 13% at the end of 2019. Still, the larger banks in our rankings have been better able than smaller competitors to avoid rating agency downgrades. By Kayode Tokede For its continued efforts towards ensuring the protection of customer funds and data,Global Finance has named Access Bank Plc the ‘Safest Bank’ in Nigeria for the year 2020. Case in point is this year’s top-ranked commercial bank, Royal Bank of Canada, whose Borealis AI research division rolled out to clients an AI-based electronic trading platform using an algorithm that promises to improve equity trade execution. Of the 109 downgrades by Fitch in the first half of this year, 87% were in emerging markets. “Surprisingly however, the relative position of the world's largest banks on Global Finance's World's Safest Banks 2020 lists has been mostly stable. If fact, the US has some of the highest risk banks in the developed world. Access Bank has been named the ‘Safest Bank’ in Nigeria in 2020. Only 4.8% banks on Ratings Watch Negative ended up being downgraded; most reverted to a Negative Outlook that will remain for a while. Facebook. As expected, the rating agencies reassessed the global banking sector as a whole and major banks, and shifted its outlook on many institutions to Negative, (a longer-term view of 1 to 2 years) and in some cases to Negative Watch / Review (a near-term view of 1 to 2 quarters) reflecting an immediate rating risk. In April, Fitch downgraded the four Australian banks represented in the Global Top 50 to A+ from AA-, knocking them down in our rankings by at least eight positions each. Global Finance rankings have ranked KCB Group Plc has been named as the safest bank in the country, according to a news report by Nation. Global Finance has announced its 29th annual ranking of the World’s Safest Banks.. Deutsche Apotheker- und Arztebank fell two spots due to an August downgrade by Moody’s to Aa2 from Aa1. November 2020. This article appeared in issue Any of these developments could have significantly impacted banks’ credit worthiness. The 29th annual World's Safest Banks rankings recognize the lender among 14 African financiers in the list that consisted of banks from 112 countries globally. Another global financial centre, Hong Kong is home to arms of most of the world's biggest banks, and some of the world's safest financial institutions. Many of the institutions that earned a spot in Global Finance’s ranking of the Safest Commercial Banks exhibit strong capital ratios, and a solid funding and liquidity profile will help them endure potentially sustained declines in profitability. These include new asset purchase programs, liquidity and credit facilities, debt guarantees and trillions in direct stimulus to individuals and businesses. Global Finance Magazine. Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable. Banks were selected through an evaluation of their long-term foreign currency ratings from Moody’s, Standard & Poor’s, and Fitch and the quality of their balance sheet. Bank of Butterfield copped the award for best Bank in Bermuda, while NCB was awarded best bank in Jamaica. One can … With top-line revenue growth proving elusive, commercial banks are in close competition to differentiate themselves and gain an edge in operational efficiency. In a new era of banking, both consumers and corporate clients are benefiting as mobile banking applications and lending platforms give them quicker and easier access to credit. The Global Finance magazine is the leading authority on the world’s safest banks for the last two decades. The new frontiers in banking include mobile payments, blockchain, inclusion and … agriculture? Recent years have seen a marked rise in new rules for bankers around money-laundering and other ethical and legal questions. This is part of the platform’s 29th annual World’s Safest Banks rankings. GLOBAL Finance has named Access Bank the ‘Safest Bank’ in Nigeria in 2020. Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable. https://thefinancialbrand.com/24806/50-safest-banks-global-banks Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020. Global Finance’s 27th annual awards for the World’s Best Banks honor winners in more than 150 countries and seven global regions, as well as eight regions in the US. According to Global Finance, the world’s safest banks … KCB was the only lender in Kenya on the roll. This is part of the platform’s 29th annual World’s Safest Banks rankings. Some actions were the result of a downgrade of the sovereign, for example, Moody’s downgrade of Kuwait and Turkish banks. Additionally, regulators have eased capital requirements and liquidity buffers to provide greater financial flexibility. All rights Reserved. Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 … Our failure rates are high and our capital ratios low. Access Bank Plc has been named the ‘Safest Bank’ in Nigeria for 2020 by Global Finance for its continued efforts in ensuring the protection of customers’ funds and data. On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020, following its continued efforts towards the protection of customer funds and data. By. For banking safely, global citizens had better go to the local government. The recognition followed the bank’s efforts towards ensuring the protection of customer funds and data, the […] Classeditori, World’s Safest Banks 2020 Virtual Award Ceremony, Safest Banks in the World  | Country Winners. GLOBAL Finance has named Access Bank the ‘Safest Bank’ in Nigeria in 2020. Global Finance names this year’s 50 safest commercial banks. Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020, following its continued efforts towards the protection of customer funds and data. Global Finance is a media partner of: Each year, Global Financehonors the World’s Safest Banks as part of its Best Bank Awards ceremony, held during the IMF/World Bank Annual Meetings. This is part of the platform’s 29th annual World’s Safest Banks rankings. Leadership.ng reports that the Global Finance’s annual rankings of the World’s Safest Banks has been the recognised and trusted standard of financial counterparty safety for more than a […] Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 … The ranking below is based on the Global Finance magazine’s annual report on the World’s Safest Banks. [ December 24, 2020 ] Access Bank named Nigeria’s safest bank by Global Finance News [ December 24, 2020 ] 2015, 2019 polls: Without Tinubu’s political dexterity, APC would’ve lost — Bakare News [ December 24, 2020 ] Buratai enjoins troops to redouble effort News This is part of the platform’s 29th yearly World’s Safest Banks rankings. A volatile currency environment is focusing attention on foreign exchange and day-to-day cash flow. Any of these developments could have significantly impacted banks’ credit worthiness. Global Finance’s annual rankings of the World’s Safest Banks has been the […] Any of these developments could have significantly impacted banks’ credit worthiness. 34 in the ranking, as the discovery of deficiencies in its compliance with AML laws prompted all three agencies to downgrade it. This was published by the Global Finance rankings of the world’s safest bank for 2020. Friday, December 18,2020 Access Bank named Nigeria's safest Bank by Global Finance Access Bank is Nigeria's safest bank for 2020 Access Bank recognised as If fact, the US has some of the highest risk banks in the developed world. The Covid-19 pandemic has exacted an immeasurable human toll—and the accompanying economic crisis continues to unfold. They are then ranked by the number of assets held and must have ratings from at least two of the three major credit-rating agencies: Fitch, Moody’s, and S&P. By Kayode Tokede For its continued efforts towards ensuring the protection of customer funds and data,Global Finance has named Access Bank Plc the ‘Safest Bank’ in Nigeria for the year 2020. All ratings in the tables were valid as of September 4, 2020. Such is the backdrop for Global Finance’s 29th annual ranking of the World’s Safest Banks, which honors institutions that stand out for strength and resilience. According to Leadership Newspaper, Global Finance’s annual rankings of the World’s Safest Banks has been the recognised and trusted standard of financial … The recognition … Global Finance’s … One of the best ways to determine the best offshore banks in the world is to reference Global Finance’slist of the top 50 world’s safest banks. Global Finance Magazine. Commercial banks that are majority state owned or receive sponsorship by their governments or regional bodies are excluded from the Global Finance ranking. The global pandemic pushed many shaky companies over the edge into bankruptcy, but some of them will emerge stronger and more profitable in the long run as a result. This is part of the platform’s 29th annual World’s Safest Banks rankings, a statement … GLOBAL Finance has named Access Bank the ‘Safest Bank’ in Nigeria in 2020. Many EM banks derive uplift from sovereign support, and a number of sovereign downgrades contributed to the slide of individual banks—particularly among the Safest By Country. Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020. HSBC France and National Bank of Kuwait both also moved down following downgrades—by Standard & Poor’s. Any of these developments could have significantly impacted banks’ credit worthiness. However, the global economic conditions are still unstable. “Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable. Every year, this financial magazine evaluates and ranks the world’s safest places to bank. The World's Biggest Bankruptcies 2020. The global banking sector faces deteriorating asset quality in its loan portfolios as industries—including airlines, retail, hotels, travel and leisure, commercial real estate and energy—absorb body blows from the economic collapse; many smaller businesses close permanently; and consumers struggle to pay their bills. In a positive development for payments, the European Commission (EC) adopted a Retail Payments Strategy in September, which the EC said is intended to reduce market fragmentation, “creating the conditions that make it possible to develop instant payments and EU-wide payment solutions that are cost effective and accessible to individuals and businesses across Europe.” With change, new entities rise to the ranks of the safest. Surprisingly, our rankings involving the largest banks do not reveal significant shifts. 5. Many of the institutions that earned a spot in Global Finance’s ranking of the Safest Commercial Banks … Global Finance recognises Access Bank as the safest bank in Nigeria For its continued efforts towards ensuring the protection of customer funds and data, Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020. Global Finance, which has covered the financial services industry for over 30 years, publishes its World's 50 Safest Banks list annually. Our rankings apply to the world’s largest 500 banks by asset size, and are calculated based on long-term foreign currency ratings issued by Fitch Ratings, Standard & Poor’s and Moody’s Investors Service. DBS Bank announced that it has been named the “Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance.DBS’ rankings as the fourth-safest commercial bank in the world and 14th safest bank globally remain unchanged from 2019 and 2018. Global news and insight for corporate financial professionals. Copyright © 2014 Loan support programs and other mechanisms have delayed the recognition of credit costs. Global Finance names this year’s 50 safest commercial banks. With the meetings being held … That made way for Credit Agricole, which Moody’s upgraded to Aa3 from A1; and US Bancorp, which entered the global ranking for the first time in 49th and 50th place, respectively. Joseph D. Giarraputo, Global Finance publisher and editorial director, said, “For most of 2020, the … Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020, following its continued efforts towards the protection of customer funds and data. Banks in Emerging Markets (EM) have not fared as well. Leadership.ng reports that the Global Finance’s annual rankings of the World’s Safest Banks has been the recognised and trusted standard of financial … Natixis and Credit Industriel et Commercial are new entrants this year. This is particularly the case with the banks in the Global Top 50. Where possible, ratings on holding companies rather than operating companies were used; and banks that are wholly owned by other banks were omitted. November 2020. Downgrades may have been avoided for now, but considerable risks remain. Their loss-absorbing capacity and ability to assess and manage risk has improved dramatically, and the impact of the pandemic may be more of a profitability hit rather than an erosion in capital, thereby preserving their ratings. Any of these developments could have significantly impacted banks’ credit worthiness. For its continued efforts towards ensuring the protection of customer funds and data, Global Finance has named Access Bank the Access Bank Recognized as Nigeria’s Safest Bank for 2020 - The Podium Media A volatile currency environment is focusing attention on foreign exchange and day-to-day cash flow. While the largest and most diversified banks continue to refine their current offerings, they are rushing to develop additional capabilities that better utilize data analytics. Our failure rates are high and our capital ratios low. Access Bank Emerges ‘Safest Bank’ in Nigeria – A Nigerian multinational financial institution, Access Bank Plc, has emerged the ‘Safest Bank’ for its continued efforts towards ensuring the protection of customer funds and data for the year 2020. The top ten banks listed in the 2018 ranking were: With the meetings being held … Collins Nweze . Due in large part to post-2008 crisis regulatory measures, banks went into this crisis with stronger capitalization, funding, and liquidity positions. Global Finance’s annual ranking of the World’s Safest Banks employs a proprietary methodology that incorporates long-term foreign currency debt ratings by Fitch, Moody’s and Standard & Poor’s (See Methodology box). KfW Bank was ranked first, Zürcher Kantonalbank - second and BNG Bank - third. DENVER (October 20, 2020) — CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, has been named to Global Finance magazine's list of the world's safest banks for 2020. Global Finance is a media partner of: AI allows commercial banks to efficiently explore data for new product development, client acquisition and retention, risk management, fraud protection, cybersecurity and anti-money laundering (AML) compliance and detection. Notably, the Basel Committee on Banking Supervision has deferred its required implementation of the Basel III regulatory framework on bank capital adequacy standards by one year, to January 2023. New York-based Global Finance Magazine has named Qatar Islamic Bank (QIB) as one of the top 10 safest banks in the Middle East, for the first time this year, 3rd Safest Islamic Bank … Four Australian banks: ANZ Banking Group, Commonwealth Bank of Australia, National Australia Bank and Westpac sustained downgrades to A+ from AA- from Fitch Ratings on concerns about bank profitability and asset quality. Global Finance’s annual ranking of the World’s Safest Banks has been the recognised and trusted standard of financial counterparty safety for more than a quarter-century. In the meantime, the Fed reiterated its requirement that banks preserve capital by suspending share repurchases and capping dividend payments. All feel the pain of the economic contraction precipitated by the pandemic; however, it remains to be seen which ones emerge stronger. And pretty much avoid the U.S. At least that seems to be the take away from Global Finance Magazine’s ranking of the world’s safest banks. D igital and mobile technologies are … The … One can only speculate on when, or if, the changes will come. The global pandemic pushed many shaky companies over the edge into bankruptcy, but some of them will emerge stronger and more profitable in the long run as a result. Central banks have responded with stimulus programs and relief measures to provide liquidity and alleviate stress. Overall, the Fed reiterated its requirement that banks preserve capital by suspending share repurchases and capping dividend.... Of technology spending continues to pick up entrants this year ’ s Safest Bank 2020... Experiencing profitability pressure, margin compression and rising credit costs as its loan book in... Finance ’ s Safest banks rankings were released on Monday and posted on global Finance conducted a Sub-custody Roundtable moderated. The Covid-19 crisis year ’ s downgrade of Kuwait and Turkish banks annual ranking of the ’. 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