July 16, 2020, London – Almaty. – Jýsan Bank leads the global return on assets (ROA) rating of the banks, according to the UK's reputable The Banker magazine.
According to The Banker's 2019 report released on July 1, 2020, Jýsan Bank had the best ROA not only among banks of Asia and Oceania, but with its impressive 18.43% has topped the rating globally.
The magazine reports that last year Jýsan Bank has demonstrated an impressive result and pushed United National Corporation of the US with its 12.41% ROA onto the second place. Earlier United National Corporation had led the rating for two consecutive years. Ukraine's PrivatBank took the third place with its 10.55%.
"Throughout the last year, we worked hard to raise performance of Jýsan Bank. As the result our ROA improved accordingly. It is a great honor for both for us and the entire banking sector of Kazakhstan to lead the world rating. We in Jýsan Bank, are proud of our achievements. The recognition by The Banker proves our high reliability and substantial potential for our further growth," Aibek Kayip, Chairman of the Management Board of Jýsan Bank.
Banco Macro, Argentina, and Banco Compartamos, Mexico, are on the fourth and fifth places with their ROAs of 9.52% and 7.39%, respectively.
The authors of the ranking said that in previous years, Jýsan Bank had not even had one of the top five ROAs in Asia and Oceania.
According to 2019 results, Jýsan Bank occupied 789th place among world's 1000 largest banks, whereas The Banker ranks the banks by their equities.
Furthermore, Jýsan Bank entered the world's Top 25 banks by the growth in equity (17th place), which is the unmatched record for the Kazakhstani banks. Within a year, the Bank has increased its equity by over 63%.
For your reference:
Return on Assets (ROA) is one of the key financial indicators that shows how effectively a company's assets are used to gain profits.
The Banker is one of the most prominent banking magazines in the world. It has been published since 1926. The magazine is a member of the Financial Times group. The Top 1000 World Banks ranking of The Banker is published during the last 50 years. The magazine's information base includes data and insights on more than 5000 banks all over the world.
Jýsan Bank Public Affairs Office
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