Latest news with #Top1000WorldBanks
Qatar Tribune
15 hours ago
- Business
- Qatar Tribune
CB named best performing bank in Qatar by The Banker's ranking
Tribune News Network Doha Commercial Bank, a leading financial institution in Qatar renowned for its cutting-edge digital banking capabilities, has been recognised as the Best Performing Bank in Qatar in The Banker magazine's prestigious Top 1000 World Banks Rankings 2025. The bank also earned a prominent distinction as one of the top 3 highest movers in the Middle East, reflecting its exceptional year-on-year growth in performance and strategic execution. Published annually, The Banker's Top 1000 World Banks is the most authoritative and comprehensive global ranking of financial institutions, widely regarded as the definitive benchmark for international banking excellence. Rankings are determined based on audited year-end financials, with a particular emphasis on Tier 1 capital strength — a critical measure of a bank's financial stability and resilience. Recognition in this index signifies both operational soundness and sustained performance on a global scale. Commercial Bank Group Chief Executive Officer Joseph Abraham expressed pride at the announcement, calling it a major milestone in the bank's ongoing journey. 'This recognition marks a significant milestone in our journey and stands as a strong testament to the bank's solid capital foundation, disciplined strategic execution, and operational resilience,' he said. 'It reflects the collective dedication of our team, the trust of our clients, and the continued support of our stakeholders. We are proud to represent Qatar on the global stage and to be ranked among the region's top-performing banks. This achievement further reinforces our commitment to delivering sustainable value and driving long-term growth.' The 2025 edition of The Banker rankings, based on audited financial results as of 31 December 2024, is particularly significant as it is the first to incorporate end-of-year data reflecting the latest performance metrics from banks around the world. Commercial Bank's appearance at the top of the national rankings and among the highest climbers regionally is indicative of its robust fundamentals and dynamic adaptability in a challenging and competitive financial landscape. The accolade also highlights the strategic progress made by the bank across a range of critical areas. Commercial Bank has been at the forefront of Qatar's digital banking revolution, investing heavily in artificial intelligence, data analytics, and customer-centric platforms to improve service delivery and operational efficiency. Its focus on innovation has allowed it to meet evolving customer expectations while maintaining strict standards of risk management and financial governance.
Business Wire
07-07-2025
- Business
- Business Wire
Piraeus Recognised as Greece's Best Performing Bank in The Banker's 2025 Rankings
ATHENS, Greece--(BUSINESS WIRE)--Piraeus (ATHEX: TPEIR) (OTCQX:BPIRY) has been recognised as Greece's Best Performing Bank in The Banker's 2025 Top 1000 World Banks rankings, the globally respected benchmark of banking strength published annually by the Financial Times. Piraeus secured the top spot in Greece for overall performance, achieving #1 positions in both operational efficiency and risk adjusted return. The Banker's Top 1000 World Banks performance rankings evaluate banks using a composite of metrics that go beyond Tier 1 capital. These include efficiency, asset quality, liquidity, and return, offering a broader view of sustainable banking performance. The data is sourced from banks' latest financial filings and assessed independently by The Banker's editorial and research team. Used by central banks, strategists and senior decision-makers in 94 countries, these rankings remain the most comprehensive measure of global banking strength, covering over 130 performance indicators and tracking $150 trillion in assets. Christos Megalou, Chief Executive Officer of Piraeus, commented, 'This recognition reflects the consistent, disciplined work across our organisation to improve efficiency, manage risk and deliver strong results for our clients and stakeholders. Being ranked first in overall performance is a testament to our team's efforts and to Piraeus' strength, resilience and leadership in our primary market. It demonstrates that our strategy is working and that our commitment to long-term value creation is resonating both within Greece and internationally.' The Banker notes that 2024 brought mixed results for European lenders, with pre-tax profits falling across the region and asset growth subdued. Greek banks, by contrast, have returned to profitability after a decade of restructuring, with Piraeus standing out for its strength in core performance metrics. Piraeus' performance in The Banker's rankings follows a period of focused execution across the Bank, from operating discipline to risk-adjusted returns. Over the past year, Piraeus delivered strong profitability, recording a net profit of €1.1 billion in 2024 and a return on tangible book value of 15%. The Bank continued to strengthen its balance sheet, growing its performing loan book by a leading market rate of 12%, to nearly €35 billion. Assets under management continued to grow at more than 20% per year, currently above €12 billion. These results underline the significant progress made in reinforcing the Bank's foundations and highlight its important role in supporting the Greek economy through stable, responsible, and forward-looking banking.
