Global Finance names the 50 Safest Banks in Emerging Markets 2011
NEW YORK, November 3, 2011 – At a time when growth is slow—if not stagnant—and risk is elevated in developed markets, companies from both developed and developing markets are increasingly looking to expand their presence within emerging markets. It is within this context that Global Finance announces its First-Ever Ranking of the 50 Safest Banks in Emerging Markets.
For the ranking, we use the same criteria as is applied to our Annual World’s Safest Banks ranking, which appeared in the October issue—a recognized and trusted standard of creditworthiness for the financial world, now in its 20th year.
We evaluate the ratings and total assets of the main players in developing economies to create the rankings—providing an overview of the key banks in each region and which financial institutions offer the greatest security. Winners were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks in emerging markets.
The rankings clearly show the ever-growing dominance of China’s banks both within Asia and throughout the emerging markets. Chilean and South Korean banks also feature prominently in the rankings, as do those of Kuwait, Saudi Arabia and the UAE.
“For companies looking to expand into new markets, choosing the right banking partner is critical,”says Global Finance publisher Joseph D. Giarraputo.“This ranking is an invaluable tool for companies to evaluate institutional strength in fast-growing emerging markets.”
This exclusive ranking will be published in the December issue of Global Finance.
For editorial information please contact: Andrea Fiano, Editor, email: firstname.lastname@example.org
|1||China Development Bank (China)||26||Arab National Bank (Saudi Arabi)|
|2||Agricultural Development Bank of China (China)||27||Agricultural Bank of China (China)|
|3||National Bank of Abu Dhabi (UAE)||28||Land Bank of Taiwan (Taiwan)|
|4||Banco Santander-Chile (Chile)||29||First Gulf Bank (UAE)|
|5||National Bank of Kuwait (Kuwait)||30||Abu Dhabi Islamic Bank (UAE)|
|6||Qatar National Bank (Qatar)||31||Commercial Bank of Kuwait (Kuwait)|
|7||Samba Financial Group (Saudi Arabia)||32||China Construction Bank Corporation (China)|
|8||Bank of Taiwan (Taiwan)||33||Bank of China (China)|
|9||Banco del Estado de Chile (Chile)||34||Shinhan Bank (South Korea)|
|10||National Commercial Bank (Saudi Arabia)||35||Mega International Commercial Bank (Taiwan)|
|11||Al Rajhi Bank (Saudi Arabia)||36||Commercial Bank of Qatar (Qatar)|
|12||Riyad Bank (Saudi Arabia)||37||Woori Bank (South Korea)|
|13||Banco de Chile (Chile)||38||Hana Bank (South Korea)|
|14||Korea Finance Corporation (South Korea)||39||Absa Bank (South Africa)|
|15||Industrial Bank of Korea (South Korea)||40||Emirates NBD (UAE)|
|16||Abu Dhabi Commercial Bank (UAE)||41||Chinatrust Commercial Bank (Taiwan)|
|17||Kuwait Finance House (Kuwait)||42||PKO Bank Polski (Poland)|
|18||Komerční banka (Czech Republic)||43||Banco de Crédito e Inversiones (Chile)|
|19||SABB (Saudi Arabia)||44||ING Bank Śląski (Poland)|
|20||Banque Saudi Fransi (Saudi Arabia)||45||Saudi Hollandi Bank (Saudi Arabia)|
|21||Union National Bank (UAE)||46||Doha Bank Qatar (Qatar)|
|22||Industrial & Commercial Bank of China (China)||47||Bank Pekao (Poland)|
|23||KB Kookmin Bank (South Korea)||48||BankMuscat (Oman)|
|24||National Agricultural Cooperative Federation (South Korea)||49||Saudi Investment Bank (Saudi Arabia)|
|25||Česká spořitelna (Czech Republic)||50||Cathay United Bank (Taiwan)|