Strategy Note /
Global

The best performing emerging market banks of 2021

  • EM banks rose 9% in 2021, outpacing the broader market by 15%. There was a wide dispersion in performance

  • Best sectors: Vietnam, Poland, Israel, Puerto Rico, Saudi. Worst: Peru, Turkey, Brazil, Chile, Colombia

  • We highlight 10 names with 87% US$ median return. Common themes include digitalisation, revenue growth, lower risk costs

The best performing emerging market banks of 2021
Rohit Kumar
Rohit Kumar

Global Financials/Thematics

Rahul Shah
Rahul Shah

Head of Financials Equity Research

Tellimer Research
28 December 2021
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