Southeast Asia’s platform players Grab, GoTo, and Sea Group streamline operations, with Sea Group emerging as a leader in profitability and growth
Southeast Asia’s platform players Grab, GoTo, and Sea Group streamline operations, with Sea Group emerging as a leader in profitability and growth
North America and Asia Pacific banks maintain overall balance sheet strength over those in other regions, with the Middle East showing some improvements. Profitability among all 1000 banks improved, driven by higher interest rates, while asset quality indicators stayed stable.
Islamic banks in Saudi Arabia display exceptional financial strength, with Al Rajhi Bank maintaining its position as the largest and strongest Islamic bank worldwide.
Digital banks continue to experience rapid growth in users, assets and revenue, with Brazil’s Nubank, the retail arm of ING Group and China’s WeBank leading the sector. Profitability among digital banks has improved, with a shorter time to break even.
Kotak Mahindra Bank is the most profitable bank in India, while State Bank of India reports the largest net profit. Indian banks place fourth globally in net profit share, surpassing France.