WORLD'S BEST DEVELOPED MARKET BANKS 2011
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Global Finance names the World’s Best Developed Market Banks 2011


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NEW YORK, March 25, 2011 – Global Finance magazine has announced its 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. 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 bankers, corporate financial executives and analysts throughout the world. In selecting these top banks, we considered factors that range from the quantitative objective to the informed subjective. Banks were invited to submit entries supporting their selection. Amid nominally objective criteria were 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 mix of these factors yields leading banks that may not be the largest, the oldest or the most diversified in a given country, but rather the best — the banks with which corporations around the world would most likely want to do business.

 

Winners were selected in 25 countries. This year, winners were not selected in Iceland and Ireland.

 

“We recognize these banks for their outstanding accomplishments,” says Global Finance’s publisher, Joseph D. Giarraputo. “Global financial markets are extremely difficult and conditions in each market may have differed but the winning banks were all noteworthy in their dedication to satisfying their customers’ needs.”

 

North America

Bermuda

HSBC Bank Bermuda

Canada

Royal Bank of Canada

United States

JPMorgan Chase

 

Europe

Austria

Raiffeisen Bank International

Belgium

KBC

Cyprus

Bank of Cyprus

Denmark

Danske Bank

Finland

Nordea

France

BNP Paribas

Germany

Deutsche Bank

Greece

National Bank of Greece
Italy
UniCredit
Luxembourg
Banque et Caisse d’Epargne de l’Etat
Netherlands
Rabobank
Norway
DnB Nor
Portugal
Banco Santander Totta
Spain
Santander
Sweden
SEB
Switzerland
Credit Suisse
United Kingdom
HSBC

 

Asia/Pacific and Middle East

Australia

Commonwealth Bank of Australia

Hong Kong

HSBC

Israel

Mizrahi Tefahot Bank

Japan

Sumitomo Mitsui Financial Group

Singapore

United Overseas Bank