NEW YORK, March 11, 2015 – Global Finance magazine has announced its twenty-second annual awards for the World’s Best Banks in Developed Markets. A full report on the selections will appear in the May issue of Global Finance, along with selections for the World’s Best Banks in Emerging Markets and the Best US Regional Banks. Global winners will be announced in the summer and published in the October issue. The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.
All selections were made by the editors of Global Finance, after extensive consultations with corporate financial executives, bankers and analysts throughout the world. In selecting these top banks, we considered factors that range from the quantitative objective to the informed subjective. In addition, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results.
Banks were invited to submit entries supporting their selection. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
“The banks that Global Finance is honoring may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “These banks have weathered the volatile conditions of the past few years and are primed to take advantage of global conditons - as they improve.”