Global Finance names the Safest Banks In Asia: April 2012
NEW YORK, March 1, 2012 — Global Finance magazine ( GFmag.com ) has named the top 10 Safest Banks In Asia: April 2012 in an exclusive survey to be published in the April 2012 issue. The banks were selected through a comparison of the long-term credit ratings and total assets of the region’s largest banks. Ratings from Moody’s, Standard & Poor’s and Fitch Ratings were used.
The full report covers the safest banks in Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia. “More than ever, customers around the world are viewing long-term creditworthiness as the key feature of the banks with which they do business,” says Joseph D. Giarraputo, publisher of
Global Finance
. “These banks have solid capital positions and superior risk management capabilities.”
For editorial information please contact: Andrea Fiano, Editor, email: afiano@gfmag.com
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1. DBS Bank ( Singapore ) |
Tie* 6. Shizuoka Bank ( Japan ) |
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2. Oversea-Chinese Banking Corporation
|
7. Bank of Tokyo-Mitsubishi UFJ
( Japan ) |
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3. United Overseas Bank
( Singapore ) |
8. Sumitomo Mitsui Financial Group
( Japan ) |
|
4. China Development Bank
( China ) |
9. Shinkin Central Bank
( Japan ) |
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5. Agricultural Development Bank of China
|
10. Korea Finance Corporation
( South Korea ) |
|
Tie* 6. Bank of Taiwan
( Taiwan ) |
*A tie is assigned when two banks with the same score have total assets within a $5 billion range.