The survey is part of Global Finance's magazine 26th annual ranking of the world's safest banks, an exclusive survey to be published in full in the November 2017 issue.
Global Finance has named the top 50 safest emerging market banks in an exclusive survey to be published in the magazine's November 2017 issue as part of the publication’s 26th annual ranking of the World’s Safest Banks.
Among emerging market survey highlights, Asian banks dominated the top 10 spots. South Korean banks took the first three spots, with Korea Development Bank at #1, Export-Import Bank of Korea at #2 and Industrial Bank of Korea at #3. China also landed three banks in the top 10 with China Development Bank at #6, Agricultural Development Bank of China at #7 and Export-Import Bank of China at #8.
Andrew Cunnigham, founder and director of UK based Darien Analytics and consultant to the International Finance Corporation (IFC) has been preparing the ranking for the magazine since 2011. He shares insights from the survey in this video.
MIddle East does well
Middle Eastern banks also performed well, with UAE’s National Bank of Abu Dhabi at #4, National Bank of Kuwait moving up four spots to #5 and Qatar National Bank at #9. Meanwhile. Banco del Estado de Chile held the #10 position again in 2017.
Banks from the Gulf and Middle East took 23 of the top 50 spots and Asian banks landed 21. Qatar and South Korea, with nine banks each, and China, with eight, are the largest individual countries on the list.
For more information on the the world's 50 safest banks, safest banks by country, safest banks by region (Africa, Asia, Australasia, Central & Eastern Europe, Latin America, Middle East, North America and Western Europe), click here. Take a look at the table for the 25 emerging market winners below.
|1||Korea Development Bank||South Korea|
|2||Export-Import Bank of Korea||South Korea|
|3||Industrial Bank of Korea||South Korea|
|4||First Abu Dhabi Bank||UAE|
|5||National Bank of Kuwait||Kuwai|
|6||China Development Bank||China|
|7||Agricultural Development Bank of China||China|
|8||Export-Import Bank of China||China|
|9||Qatar National Bank||Qatar|
|10||Banco del Estado de Chile||Chile|
|11||Bank of Taiwan||Taiwan|
|12||Shinhan Bank||South Korea|
|13||Banco Santander Chile||Chile|
|14||Kookmin Bank||South Korea|
|15||Abu Dhabi Commercial Bank||UAE|
|16||Banco de Chile||Chile|
|17||Union National Bank||UAE|
|18||Al Hilal Bank||UAE|
|19||Industrial and Commercial Bank of China||China|
|20||China Construction Bank||China|
|21||Bank of China||China|
|22||KEB Hana Bank||South Korea|
|23||NongHyup Bank||South Korea|
|24||Kuwait Finance House||Kuwait|
|25||Qatar Islamic Bank||Qatar|