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Biz Bahrain
4 days ago
- Business
- Biz Bahrain
Bahrain Development Bank Three Prestigious Awards from Global Banking and Finance Magazine for 2025
Bahrain Development Bank (BDB), the Kingdom's leading financial institution supporting small and medium-sized enterprises (SMEs), has won three distinguished awards from the Global Banking and Finance magazine for 2025. The Bank was named as 'Best Digital Transformation Bank in Bahrain,' 'Best Development Bank in Bahrain,' and 'Best SME Bank in Bahrain.' The accolades acknowledge BDB's ongoing efforts to deliver integrated solutions that address the unique needs of entrepreneurs and startups while strengthening the Kingdom's business ecosystem. The Bank continues to solidify its position as an industry leader by investing in cutting-edge financial technologies and providing secure, seamless, and innovative SME banking services. The recognition further highlights the impact of BDB's tailored offerings that fuel SME growth, thereby contributing to national economic progress and sustainable development. The Bank is focused on driving digital transformation and forward-thinking strategies to improve operational efficiency and meet the dynamic demands of the market. Expressing her pride on this achievement, Dalal Al Qais, Group Chief Executive Officer of BDB said, 'We are honoured to receive these esteemed awards, which reaffirm our steadfast dedication to supporting SMEs across Bahrain. This accomplishment stems from the trust of our clients and partners, coupled with our team's relentless work in delivering best-in-class banking experiences. We remain committed to devising solutions that foster entrepreneurship, contribute to economic growth, and reinforce the Bank's role as a vital contributor to attaining the Kingdom's development ambitions.' BDB plays a crucial part in strengthening the Kingdom's entrepreneurial landscape by offering flexible financing programmes, sophisticated banking products, and specialised advisory services. The Bank actively pursues strategic partnerships with entities that share its vision for long-term business sustainability and success. The Global Banking and Finance magazine is a renowned international publication that celebrates excellence within the industry. Awardees are selected based on stringent criteria that evaluates candidates based on financial performance, innovation, customer experience, and development strategy. By winning these coveted awards, BDB reaffirms its leadership in enhancing Bahrain's business environment, advancing the sector, and driving digital transformation in SME banking. To learn more about the award and view the full list of winners, please visit the official winners section on the Global Banking & Finance Review at
Globe and Mail
07-04-2025
- Business
- Globe and Mail
Caja Cusco Recognized as Best Microfinance Company Peru 2025 in the Global Banking & Finance Awards®
Caja Municipal de Ahorro y Crédito Cusco S.A. (Caja Cusco) has been awarded Best Microfinance Company Peru 2025 by the Global Banking & Finance Awards®, recognizing its outstanding contributions to financial inclusion, social responsibility, and microfinance growth in Peru. This prestigious accolade underscores Caja Cusco's leadership in the microfinance sector and its commitment to supporting micro and small entrepreneurs, expanding financial access, and driving community empowerment across the country. With a customer base of over 485,000 credit clients, Caja Cusco continues to strengthen its impact by providing accessible and sustainable financial solutions. The institution's total loan portfolio reached S/ 5,670 million in Q4 2024, demonstrating a 6.1% annual growth rate, while deposits surged to S/ 5,211 million, reflecting a 14.5% year-over-year increase. These achievements reinforce Caja Cusco's stability and dedication to fostering economic growth in Peru. Beyond financial success, Caja Cusco prioritizes social responsibility by financing low-income individuals and communities, particularly those lacking access to essential services such as drinking water. The institution also plays a key role in supporting Peru's agricultural sector, fostering sustainable development, and strengthening rural economies. A core aspect of its mission is empowering women entrepreneurs, who now represent 51% of its loan portfolio. Wanda Rich, Editor of Global Banking & Finance Review, commented on the recognition: 'Caja Cusco has distinguished itself as a leader in microfinance, demonstrating outstanding financial performance, a strong expansion strategy, and a deep-rooted commitment to social impact. Its dedication to empowering communities and driving economic progress makes it a deserving winner of the Best Microfinance Company Peru 2025 award.' Caja Cusco's financial strength further solidifies its position in the industry. In 2024, the institution achieved a net income of PEN 108.77 million (USD 29 million), marking a 105% increase compared to 2023. Additionally, it maintained one of the lowest non-performing loan (NPL) ratios in the sector at 4.76% and achieved an ROE of 15.84%, the highest among its peers. As Caja Cusco continues to expand its reach and innovate its financial services, it remains dedicated to advancing financial inclusion, strengthening local economies, and fostering long-term economic sustainability throughout Peru. About Caja Cusco Caja Municipal de Ahorro y Crédito Cusco S.A. (Caja Cusco) is a leading microfinance institution (MFI) in Peru, regulated by the Superintendencia de Banca, Seguros y AFP (SBS). With 138 branches nationwide, it provides financial solutions tailored to the needs of micro and small entrepreneurs. Caja Cusco focuses on social responsibility, empowering women, supporting rural communities, and driving financial inclusion to create a more prosperous Peru. About Global Banking & Finance Review Global Banking & Finance Review is a leading online and print magazine dedicated to covering key financial trends, industry insights, and global banking developments. The Global Banking & Finance Awards® recognize innovation, achievement, strategy, and progressive changes happening within the financial sector worldwide.
Associated Press
26-01-2025
- Business
- Associated Press
CUBE Invest Marks 8th Anniversary as Armenia's Largest Investment Company by Assets
/ -- CUBE Invest, the fastest-growing brokerage company in Armenia according to Global Banking & Finance Review, announces it has become the country's largest investment firm by assets. Approaching its eighth anniversary in 2025, the company credits 2024 as a year of strategic achievements and sustainable development. 'This past year, we forged multiple partnerships in both local and international financial markets, raising service quality and strengthening stability,' said Mikael Margaryan, Chief Executive Officer of CUBE Invest. 'Our transparent operations and accountability have built a high level of trust among clients—this is the result of our eight years of hard work.' In 2024, CUBE Invest joined the Association for Financial Markets in Europe ( AFME), whose members include Bank of America, Citi, the European Investment Bank, the British Business Bank, the European Bank for Reconstruction and Development, and KPMG. The company also obtained the ISO/IEC 27001:2022 certification, confirming its commitment to robust information security standards. CUBE Invest's client base grew by 200% in 2024, while total assets reached AMD 66.5 billion and the company's own assets amounted to approximately AMD 12 billion. It also entered the top 100 of Armenia's 1000 largest taxpayers, surpassing numerous competitors in the sector. Established in January 2017, CUBE Invest received its investment services license (No. 0013) from the Central Bank of Armenia the following month. In 2023, it was recognized by Global Banking & Finance Review for its rapid brokerage growth. As of June 2024, the firm's authorized capital stands at AMD 720 million. Press Office AxelMondrian & Partners CJSC Legal Disclaimer:
