UBS generated $4.3 billion in net profits in 2019, down from $4.9 billion out of 2018, as it coordinated its values, outside trade, and credit-exchanging business lines into one division. It additionally supported its interest in value investigate and improved its data science offering under its EvidenceLab image.
Late in the year, downturn worries in the US lessened and investor assessment improved, supported by progress on global exchange conversations and Brexit, while US value markets arrived at unequaled highs.
Disregarding the COVID-19 pandemic that has hammered the worldwide economy, Global Finance Magazine has researched and penned down the 2021 Best Investment Banks dependent on their capacity to react and adjust to the pandemic.
North America:
Citi guaranteed the title of Best Investment Bank in North America for 2020, with its value markets business producing $2.9 billion in income a year ago. Over a similar period, the bank consolidated its values, prime financier and protections activities into a solitary business line to offer increasingly smoothed out types of assistance to customers.
Citi likewise dedicated assets to drive IPOs from industry verticals, for example, edge distributed computing, electronic trades, security programming and information examination.
Europe:
Across the Atlantic, Crédit Agricole won as Best Investment Bank in Western Europe. CA’s corporate and investment banking business produced 38% growth in net income in its fourth quarter and 8.6% growth over the full year. The bank attributes that growth to dynamic sales within capital market and its investment banking activities, despite the absence of significant deals.
Central & Eastern Europe:
Halyk Finance: The Kazakhstani bank generated $614 million in the first nine months of 2019, for a 53% increase compared to the same period in 2018. Fitch, meanwhile, acknowledged the overall improvement the bank made over the past year, raising its rating from BB to BB+ at the end of 2019.
Asia-Pacific:
Siam Commerical Bank retained its title as Best Investment Bank in the Asia-Pacific Region, with a 2019 pre-provision operating profit of 95.6 billion baht ($2.9 million), up 30% year-on-year.
The growth occurred while Thailand’s GDP fell to 2.4% from 4.2% the previous year—a result of the global economic slowdown, increased US-China trade tensions and the baht’s steep appreciation. Government stimulus measures and a rebound in tourism helped buoy GDP in the second half.
SCB played a crucial role last year in Asset World’s IPO, the largest IPO in Thailand’s history at the time of listing. And it advised on Global Power Synergy Company’s (GPSC) acquisition of Glow Energy from France’s Engie, the largest acquisition within the Thai energy sector to that time.
Siam Commercial Bank prides itself on its expertise and ability to execute a wide array of transactions.
Latin America:
In Latin America, Itaú Unibanco scored as the Best Investment Bank. The Brazilian bank managed consolidated year-on-year net-income growth in 2019 of 10.2%, or 28.4 billion Brazilian real ($5.5 billion), with a 23.7% return on equity.
This performance was driven by a robust credit expansion of 10.9%, with a positive impact on our net interest income. The bank’s fee income grew substantially above inflation.
It is the same token, and cost-control initiatives and constant investment in modernizing our infrastructure generated our biggest efficiency gain over the last four years.
Middle East:
First Abu Dhabi Bank made a return as Best Investment Bank in the Middle East. Parent FAB Group’s net profit rose 4% to 12 billion UAE dirhams ($3.3 billion) year-over-year in 2019. Last year marked another year of growth for FAB, despite challenging market conditions regionally and internationally.
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The group’s solid financial results for the full year of 2019 are a testament to the strength of its leading corporate and retail businesses, and demonstrate clear progress in their strategy as they continue to better serve clients.
The bank’s global markets business set a record of 33% revenue growth, achieving strong performance on the back of increased client flow, new client relationships and enhanced cross-sell across FAB’s global network.
Africa:
In Africa, EFG Hermes repeated as Best Investment Bank after a busy 2019. “EFG Hermes ended the year as the number one broker in most of our traditional MENA markets, while capturing the top three positions in newly entered Sub-Saharan Africa markets.
In the past year, the bank advised and acted as a bookrunner for the $29.4 billion Aramco IPO on the Saudi Stock Exchange (Tadawul), as well as 21 other transactions, including mergers and acquisitions.
Other IPOs included the 1.64 billion Egyptian pound ($104 million) launch of payments specialist Fawry on the Egyptian Exchange, and the £288 million ($332 million) initial offering of telecom-infrastructure provider Helios Towers and £1.2 billion launch of payment-network operator Finabir on the London Stock Exchange.
EFG Hermes also stretched out its presence to Southeast Asia in 2019 by means of an association with Vietnam’s Asia Commercial Bank Securities, the trading arm of Asia Commercial Bank.
