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Michael Lafferty

Chairman and Editor-in-chief at Lafferty Group

Welcome to the inaugural issue of The Statement. I hope you find the content is a good start on our promise to provide global benchmarks for the new post-COVID 19 banking era.

The starting point is our overall message – the best banks in the world are no longer to be found in Western Europe or North America. On the contrary they are based in emerging markets across Africa, Asia and other emerging markets. This will come as a shock to many in the major international financial centres, but it will hardly surprise those who have been challenged to understand just when Western European banks are going to wake up.

To be specific, the best-rated banks are found in South Africa, Singapore, Indonesia, India, Turkey, Poland, Hungary, the Czech Republic, Mexico and Brazil.

The research is based on output from the Lafferty 1000 database, which scores the one thousand banks for quality and rates them from 1-star for the weakest to 5-stars for the best: Other findings include:

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