50 SAFEST EMERGING MARKET BANKS 2011 | Global Finance

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: afiano@gfmag.com