Bank of America Named World’s Best Bank by Euromoney Magazine

Euromoney magazine has named Financial institution of The united states the World’s Most effective Financial institution for 2022. The honor was declared past evening at Euromoney’s Awards for Excellence gala, an annual occasion that acknowledges superb leadership in money providers. Euromoney also named Financial institution of America the World’s Finest Lender for Payments and Treasury for the next consecutive calendar year. The bank gained a additional eight regional and region awards.

For World’s Most effective Lender, Euromoney’s editor Louise Bowman reported: “Less than the leadership of Brian Moynihan, Financial institution of America has turn out to be the poster child for stakeholder capitalism in banking.” She more discussed that “previous powerful underwriting and enough liquidity have enabled the bank to develop financial loans strongly in the pandemic recovery.” This is the 2nd time in five years that the bank has gained the award.

Commenting on the award, Financial institution of America Chair and Main Government Officer Brian Moynihan reported, “We are delighted to be recognized as the greatest lender in the entire world by Euromoney. We reached this honor by offering Liable Growth for our consumers, our teammates, our communities, our shareholders and for culture. Which is how we supply on earnings and purpose, which we phone the ‘genius of the AND.’ An honor like this serves as recognition for the good function our teammates have performed – and, importantly, the terrific work we have to have to do in the future.”

For World’s Best Financial institution in Payments and Treasury, Euromoney’s Bowman mentioned, “Bank of America’s scale and achieve is proving a differentiator in this article for a person straightforward explanation – knowledge. The bank procedures in between $1.8 trillion and $2.2 trillion payments (every day) and is now the variety one particular issuer of US Visa and Mastercard commercial cards. All this exercise interprets into a mine of info.”  With resources these as CashPro® Forecasting, Financial institution of The us is serving to its consumers use their very own information to become additional effective and strategic.

The extra eight regional and state awards spanned Latin America and North America:

• Latin America’s ideal financial institution for Transaction Expert services
• Latin America’s finest investment bank – for the next consecutive year
• North America’s most effective bank for tiny and medium-sized enterprises – for the seventh consecutive calendar year
• North America’s best bank for Company Accountability
• North America’s finest bank for Transaction Expert services – for the 2nd consecutive 12 months

• Most effective financial institution in the U.S.
• Very best investment decision financial institution in Colombia
• Very best expenditure lender in Peru

The Euromoney Awards for Excellence had been proven in 1992 and are the world-wide benchmark for the banking market. 

Financial institution of The usa is just one of the world’s leading monetary institutions, serving unique consumers, tiny and middle-marketplace firms and huge corporations with a comprehensive range of banking, investing, asset management and other fiscal and hazard administration goods and providers. The organization delivers unmatched ease in the United States, serving around 67 million client and compact company clients with approximately 4,200 retail fiscal centers, about 16,000 ATMs, and award-winning electronic banking with additional than 54 million confirmed digital users. Lender of The united states is a worldwide leader in prosperity administration, company and financial commitment banking and buying and selling across a broad range of asset lessons, serving companies, governments, institutions and men and women all over the earth. Lender of The us provides business-leading assistance to about 3 million tiny business enterprise homes via a suite of impressive, effortless-to-use on line merchandise and expert services. The corporation serves purchasers as a result of operations throughout the United States, its territories and somewhere around 35 nations. Lender of The us Corporation stock (NYSE: BAC) is detailed on the New York Inventory Trade.

“Bank of America” is the advertising and marketing title used by certain International Banking and World-wide Markets organizations of Lender of America Company. Lending, other business banking actions, and investing in sure financial devices are performed globally by banking affiliates of Lender of The us Corporation, which includes Bank of America, N.A., Member FDIC. © 2022 Lender of The us Company. All legal rights reserved.

For additional Lender of America news, including dividend bulletins and other crucial data, and register for news e mail alerts.

 

Louise Hennessy, Lender of The usa
Mobile phone: 1.646.858.6471
[email protected]