GLOBAL FINANCE names the World's Safest Banks 2012 in Asia
NEW YORK, August 16, 2012 — Global Finance magazine ( GF mag.com) has named the Safest Banks in Asia in an exclusive survey to be published in the October 2012 issue. Winners were selected through an evaluation of long-term credit ratings—from Moody's, Standard & Poor's and Fitch—and total assets of the 500 largest banks worldwide.
Singaporean banks banks dominate the list once again this year, taking the top three positions, and Japanese banks also perform well, with five in the top eleven.
The full report evaluates 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
| 1. |
DBS Bank (Singapore) |
8. |
Bank of Tokyo-Mitsubishi UFJ (Japan) |
| 2. |
Oversea-Chinese Banking Corp (Singapore) |
9. |
Sumitomo Mitsui Banking Corp (Japan) |
| 3. |
United Overseas Bank (Singapore) |
10. |
Norinchukin Bank (Japan) |
| 4. |
China Development Bank (China) |
11. |
Shinkin Central Bank (Japan) |
| 5. |
Agricultural Development Bank of China (China) |
12. |
Industrial Bank of Korea (South Korea) |
| 6. |
Bank of Taiwan (Taiwan) |
13. |
Korea Finance Corp (South Korea) |
| 7. |
Shizuoka Bank (Japan) |
PR date: Global Finance Magazine August 16, 2012 / Ratings current as of July 30, 2012