FinTech Magazine - December 2022 | Page 93

The World Bank Annual Report
Benchmarking Banks ' Annual Reporting
TOP 10
ANNUAL
REPORT 2022

07

KPMG

08

The World Bank

The World Bank Annual Report

Helping Countries
Adapt to a
Changing World
Headquartered in Washington DC , the World Bank was founded in New Jersey in 1944 . The World Bank Annual Report details the entity ’ s measures , findings and applications in a yearly report that provides insights into the developing financial environments of countries with populations primarily of low to middle-income earning power . As such , the report gives a global view on the state of developing economies as well as how industries are scaling and maturing within them .

Benchmarking Banks ' Annual Reporting

KPMG was formed in 1987 following the merger of Peat Marwick International ( PMI ), Klynveld Main Goerdeler ( KMG ) and their individual member firms . However , the origins of the firm spans three centuries and can be traced through the names of its principal founding members whose initials form the name ' KPMG '.
The organisation ’ s quarterly and annual reports on the banking sectors document the climaterelated disclosures of 35 major global banks .
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