GLOBAL FINANCE names the 50 safest banks in emerging markets
NEW YORK, November 6, 2012– 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 second annual ranking of the 50 Safest Banks in Emerging Markets.
For the ranking, Global Finance used the same criteria as is applied to the 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 21st 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||NongHyup Bank (South Korea)|
|2||Agricultural Development Bank of China (China)||27||Arab National Bank (Saudi Arabia)|
|3||National Bank of Abu Dhabi (United Arab Emirates)||28||Agricultural Bank of China (China)|
|4||National Bank of Kuwait (Kuwait)||29||Hana Bank (South Korea)|
|5||Korea Finance Corporation (South Korea)||30||Land Bank of Taiwan (Taiwan)|
|6||Industrial Bank of Korea (South Korea)||31||First Gulf Bank (United Arab Emirates)|
|7||Qatar National Bank (Qatar)||32||Abu Dhabi Islamic Bank (United Arab Emirates)|
|8||Samba Financial Group (Saudi Arabia)||33||Commercial Bank of Kuwait (Kuwait)|
|9||BancoEstado (Chile)||34||Mega International Commercial Bank (Taiwan)|
|10||Bank of Taiwan (Taiwan)||35||Chinatrust Commercial Bank (Taiwan)|
|11||Banco de Chile (Chile)||36||Česká spořitelna (Czech Republic)|
|12||National Commercial Bank (Saudi Arabia)||37||Komerční banka (Czech Republic)|
|13||Al Rajhi Bank (Saudi Arabia)||38||Banco de Crédito e Inversiones (Chile)|
|14||Riyad Bank (Saudi Arabia)||39||Commercial Bank of Qatar (Qatar)|
|15||Banco Santander Chile (Chile)||40||Woori Bank (South Korea)|
|16||Abu Dhabi Commercial Bank (United Arab Emirates)||41||Emirates NBD (United Arab Emirates)|
|17||Kuwait Finance House (Kuwait)||42||Saudi Hollandi Bank (Saudi Arabia)|
|18||Banque Saudi Fransi (Saudi Arabia)||43||Doha Bank (Qatar)|
|19||SABB (Saudi Arabia)||44||BankMuscat (Oman)|
|20||Union National Bank (United Arab Emirates)||45||Korea Exchange Bank (South Korea)|
|21||Industrial and Commercial Bank of China (China)||46||Saudi Investment Bank (Saudi Arabia)|
|22||China Construction Bank (China)||47||Cathay United Bank (Taiwan)|
|23||Bank of China (China)||48||Taipei Fubon Commercial Bank (Taiwan)|
|24||KB Kookmin Bank (South Korea)||49||PKO Bank Polski (Poland)|
|25||Shinhan Bank (South Korea)||50||Suhyup Bank (Korea)|