Latest news with #GlobalFinanceMagazine
Al Bawaba
14-07-2025
- Business
- Al Bawaba
Bank of Jordan Named "Best Sub-Custodian Bank in Jordan for 2025" by Global Finance for Second Consecutive Year
Bank of Jordan has been named "Best Sub-Custodian Bank in Jordan for 2025" by Global Finance, the New York-based international finance magazine. This recognition underscores the bank's commitment to excellence and delivering specialized banking services at global the second consecutive year and the fourth time in the bank's history to receive this prestigious recognition—in 2016, 2019, 2024, and this year—the accolade reflects Bank of Jordan's exceptional performance during 2024. The comprehensive evaluation conducted by Global Finance assessed the quality and efficiency of services, the ability to meet the requirements of local and international clients, business continuity, and the level of technological integration in service delivery. The evaluation was based on in-depth analyses by the magazine's editorial team, as well as surveys of financial analysts, consultants, and senior executives across the financial launching its custodian services in 2014, Bank of Jordan has offered comprehensive solutions to local and international investors, including safeguarding client assets, managing portfolios, providing market updates, preparing comprehensive reports, and settling stock transactions on clients' behalf. These services are supported by a professional team of experts, a modern technological infrastructure, and advanced operating policies that ensure adherence to the highest standards of quality and recognition highlights Bank of Jordan's continued efforts to reinforce its leadership in the custodial services sector and its ongoing efforts to expand these services in line with evolving market needs. The bank is dedicated to investing in technology, enhancing operational processes, and delivering a banking experience grounded in innovation and reliability. It is worth noting that Bank of Jordan, established in 1960 as one of the first national banks in Jordan, has grown into a leading regional financial institution with operations in Bahrain, Syria, Iraq, and Palestine, alongside its home market, and is pursuing further expansion into new markets.
IOL News
03-07-2025
- Business
- IOL News
Nedbank is the Best SME Bank in South Africa for the fourth consecutive year
Following a series of international award wins in 2024, Nedbank has, once again, reinforced its position as the leading bank for small and medium enterprises (SMEs) after securing international recognition as the Best Bank for SMEs by a number of awards including The Global Finance Magazine Awards 2025, The Digital Banker, Global SME Banking Innovation Awards 2025 and, for the fourth consecutive year, The Asian Banker, Global Middle East & Africa Awards. 'These international awards affirm Nedbank's unwavering focus on delivering a compelling value proposition for SMEs, offering tailored banking solutions, expert guidance, and seamless digital experiences designed to help businesses thrive,' says Alan Shannon, Executive: Small Business at Nedbank. 'More than just banking, we see SMEs as the backbone of our economy, and we are dedicated to fostering their growth for the broader benefit of our country's economy. These accolades reinforce our purpose of using our financial expertise to do good by enabling small businesses to scale, create jobs, and contribute meaningfully to economic development.' The Asian Banker runs the most prestigious awards programmes in the industry, covering the full spectrum of topics and areas that constitute the financial services through a rigorous, independent evaluation process. The Global Finance Magazine awards programme recognise and celebrate excellence within the global financial industry based on a variety of criteria, including financial performance, innovation, and customer service and cover diverse areas such as banking, corporate finance, and private banking. The Digital Banker Global SME Banking Innovation Awards are the first of their kind. The assessment programme is designed to honour and celebrate the world's preeminent SME banking players. SME banks must demonstrate capabilities and competencies that are unmatched and transformative in nature, redefining models of customer engagement with SMEs and providing cutting-edge product portfolio and solution sets to empower SME growth.
Cision Canada
26-06-2025
- Business
- Cision Canada
CIBC Mellon Named Best Sub-Custodian in North America by Global Finance Magazine 2025 Français
TORONTO, June 26, 2025 /CNW/ - CIBC Mellon has been recognized as the Best Sub-Custodian in North America and Canada for 2025 by Global Finance Magazine. This marks another milestone in the company's continued commitment to delivering operational excellence, innovation, and trusted asset servicing solutions for institutional investors across Canada and around the world. The award reflects input from industry analysts, corporate executives, and financial experts, evaluating key criteria such as client service, technology, business continuity, and market knowledge. "This recognition is a direct reflection of the strength of our people, the enduring trust of our clients, and our ongoing commitment to evolve with their needs," said Mal Cullen, Chief Executive Officer, CIBC Mellon. "We're combining strong governance, exceptional service, and local market insight with leading technology – all backed by the global scale of BNY and the Canadian market expertise of CIBC." "Institutional investors continue to demand precision, transparency, and deep local insight. This recognition is a reflection of our team's dedication to delivering all three," said Richard Anton, Chief Client Officer, CIBC Mellon. "We're proud to serve as a trusted partner to asset managers and asset owners navigating transformation, modernization, and market complexity." "The sub-custodian banking sector is becoming more strategic and tech-driven, with rising regulatory demands and growing importance in global financial operations, making today's sub–custodians indispensable advisers in a complex, interconnected global finance landscape," said Global Finance founder and editorial director Joseph Giarraputo. "We are pleased to recognize CIBC Mellon as North America and Canada's best sub custodian for 2025. Their constant focus on modernization, client experience, and operational excellence sets a high bar across the industry." CIBC Mellon has been a consistent recipient of industry recognition, with this latest award underscoring its position as a leading provider of asset servicing solutions in the Canadian market. Media Contact: Alexandra DeCata, Corporate Communications, CIBC Mellon, 416-643-6126, [email protected] About Global Finance Magazine Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. Global Finance's audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — — offers analysis and articles that are the legacy of 38 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community. About CIBC Mellon CIBC Mellon is dedicated to helping Canadian institutional investors and international institutional investors into Canada service their financial assets throughout the investment lifecycle. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon Corporation (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon delivers informed investment services for investment funds, pension plans, insurance companies, banks, foundations, endowments, corporations, and global financial institutions whose clients invest in Canada. As at March 31, 2025, CIBC Mellon had more than C$3.1 trillion in assets under custody and/or administration. CIBC Mellon is part of the BNY network, which as at March 31, 2025 had US$53.1 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, and is the corporate brand of CIBC Mellon Trust Company.
Ya Biladi
14-06-2025
- Business
- Ya Biladi
With 23 facilities, Morocco becomes Africa's top data center destination
Morocco has emerged as Africa's leading data center hub, overtaking South Africa with 23 operational facilities across the kingdom. According to Global Finance Magazine, the North African nation's rapid digital transformation began gaining momentum in 2020 when the Agency for Digital Development prioritized digital infrastructure development. The government subsequently implemented sector incentives including tax cuts and exemptions through the National Charter of Investment. A pivotal 2021 law mandating that all sensitive data be hosted within Morocco's borders has driven significant data repatriation, fueling the sector's expansion. Major telecom operators Maroc Telecom and Inwi, alongside specialized providers like Medasys and N+One, currently own most facilities. Large banks operate their own centers while smaller institutions lease storage space. Regional competition has intensified, with Casablanca-Settat and Rabat-Salé-Kénitra leading in facility concentration due to full internet penetration and reliable energy infrastructure. Morocco's strategic positioning has attracted major international players, with South Korean tech giant Naver recently announcing plans for a major AI data center in Morocco, targeting European markets with a 500-megawatt capacity facility. The project leverages Morocco's low electricity costs and extensive undersea cable connections. The digital transformation extends beyond data centers, encompassing fintech, AI, and e-government initiatives showcased at April's Gitex Africa tech expo in Marrakech, which attracted over 1,400 exhibitors and 45,000 visitors from 130 countries.
Zawya
12-06-2025
- Business
- Zawya
NBK wins best bank for sustainable finance in Kuwait by Global Finance
The award reflects NBK's commitment to incorporating sustainability in its operations and institutional culture. NBK is one of the first banks in Kuwait to adopt sustainable financing. NBK's sustainable assets portfolio reached USD 4.97 billion at the end of 2024; 50% of its 2030 USD 10 billion target. National Bank of Kuwait was named Best Bank for Sustainable Finance in Kuwait for 2025 according to the fifth annual survey on Sustainable Finance conducted by the renowned Global Finance Magazine, marking a new achievement that highlights its leadership in the banking sector. This annual survey recognizes global and regional leadership in Sustainable Finance for initiatives designed from January to December 2024 to mitigate the negative impacts of climate change and help build a more sustainable future for humanity. This award recognizes NBK's continuous excellence and leadership in enhancing sustainable finance and incorporating sustainability within its operations and institutional culture. Moreover, the award reflects NBK's pivotal role in promoting the transformation into an economy that is more socially and environmentally responsible and sustainable. Criteria for evaluation included governance policies and goals as well as measurable achievements in environmental and social sustainability and demonstrated leadership in sustainable finance and investments. This year's awards were based on opinions and analyses of prominent trade and investment experts and executives, and they covered areas such as innovative sustainable finance offerings, impact-driven bond issues, community support and SME funding, climate change mitigation efforts, and transparency & reporting. It should be noted that this award is an addition to a long record of awards and high international rankings that NBK Group has been continuously receiving in recognition of its distinctive efforts. NBK is one of the first banks in Kuwait to adopt sustainable finance in its strategy and incorporate ESG standards in its business and operational procedures as well as its institutional culture. Furthermore, NBK launched several services and value propositions geared towards supporting the transition to a low-carbon economy across all its locations. These offerings include green mortgage loans, consumer loans for electric vehicles, financing options related to sustainability and low-emission housing loans, as well as sustainability-linked facilities tied to the achievement of pre-determined ESG KPIs to encourage the adoption of sustainable practices. Additionally, NBK successfully issued its first KD 500 million green bonds in 2024 as part of its global medium-term note program, which has a 6-year maturity and first call date after 5-years and is considered the first issuance by a Kuwaiti financial institution. In this context, NBK has recently published its first Green Bond Allocation and Impact Report, demonstrating traceability to the use of the bond proceeds towards green projects with clear and measurable environmental benefits. As of 31 March 2025, the Bank's eligible green asset portfolio reached USD 625 million, exceeding the bond value. By end of 2024, NBK's net sustainable assets value reached USD 4.97 billion, which is 50% of the targeted level for the year 2030 at USD 10 billion. NBK's ESG strategy aims to support economic development and emerge as a role model in the field through its four interrelated, foundational pillars that include Governance for Resilience, Responsible Banking, Capitalizing on our Capabilities, and Investing in our Communities. By obtaining prestigious awards in the field of sustainable finance over the past years, NBK has proven its commitment to these principles and leadership in the regional banking sector. More on its efforts on sustainability, NBK diligently works towards developing innovative sustainable finance solutions for its clients and customers to support their transition plans strategically, aligned with international standards and regulations to better respond to the world's rising demand for climate funding. Global Finance, founded in 1987, is one of the most reputable magazines specialized in finance and economics. It has a circulation of 50,000 readers in 188 countries, including senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. The magazine conducts various surveys annually about innovation and profitability for banks and financial institutions all over the world, based on which it selects top performers on the regional and international levels.
