Chinese banks dominate the world’s top 10 banks by net profit, but their profit growth lagged behind US and UK banks, mainly due to rate cuts, narrowing profit margins.

The Global RMB Internationalisation Survey 2024 reveals that usage in cross-border trade has surged, accounting for over half of China’s cross-border payments. The results show high engagement from financial institutions and companies in RMB-based transactions, with notable growth in cross-border cash management, trade financing and investments.

Banks across advanced and emerging markets navigate economic realignment, regulatory evolution and digital disruption.

The economic rivalry between the United States (US) and China will continue to influence the global banking industry in 2025, with significant implications for financial systems worldwide.

Despite economic challenges, Sub-Saharan Africa shows improvement, but poverty, debt and poor infrastructure hinder growth.

The IMF cut its 2024 growth forecast for the Middle East and Central Asia region, due to geopolitical tensions, conflicts and climate-related risks.

Caribbean nations focus on financial inclusion, climate resilience and economic growth.

On the first day of Sibos 2024 in Beijing, the First Abu Dhabi Bank (FAB), showcased its commitment to facilitate cross-border transactions between the United Arab Emirates (UAE) and China. Sanjay Sethi, Head of Global Transaction Banking at the bank, asserted, “as the largest bank in the UAE, FAB is committed to supporting trade and financial cooperation between the UAE and China.

On the first day of Sibos 2024 in Beijing, the First Abu Dhabi Bank (FAB), showcased its commitment to facilitate cross-border transactions between the United Arab Emirates (UAE) and China. Sanjay Sethi, Head of Global Transaction Banking at the bank, asserted, “as the largest bank in the UAE, FAB is committed to supporting trade and financial cooperation between the UAE and China.

Emerging European economies tackle debt, inflation and digital transformation.

Economic expansion in the region likely eased in 2024, due to the downturn in China’s property sector and India’s slowdown.

As 2025 approaches, the banking sector in Japan is navigating a period of economic stagnation and transformation.

The banking sectors in Europe and the UK are approaching 2025 with a cautious sense of optimism, buoyed by stabilising inflation and modest economic recovery.

The banking sectors in the US and Canada are bracing for a year of economic moderation, regulatory shifts and evolving consumer behaviour.

Corporate treasurers and chief financial officers from multinational corporations and large enterprises share their outlook on the global and regional economies for 2025, as well as strategies to adapt to evolving market conditions