Twimbit – Asia Banking Titans, 2024

The Twimbit – Asia Banking Titans, 2024 report highlights the performance of 55 banks in the index, with 10 new entrants. Shinhan Bank leads in net revenue growth, followed by Union Bank and Bank Mandiri. Chinese banks dominate in revenue size and profitability, with DBS leading in purpose score. Singapore, Australia, Thailand, and India are growth leaders. Banks are transforming into TechCos to enhance stakeholder experiences. The report emphasizes the importance of purpose-driven banking, with banks focusing on AI, journey-centric thinking, cost reduction, and open finance partnerships. Asia's top banks are experiencing double-digit revenue growth and aligning with the Twimbit Purpose Index, which prioritizes serving all stakeholders equally. The report showcases how these banks are achieving purposeful growth and leading the way towards a future where profitability aligns with positive societal impact.