Global Finance Names BancoEstado of Chile the World’s Safest Bank 2013 in Latin America
New York, August 26, 2013 - Global Finance magazine has named the Safest Banks in Latin America in an exclusive survey to be published in the October 2013 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.
Chilean banks dominate the list once again this year, taking the top four positions.
The full report evaluates the safest banks in Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia.
“Bank counterparty assessment has become an intrinsic part of the job of a CFO and treasurer,” says Global Finance publisher Joseph D. Giarraputo. “ Global Finance ’s Safest Banks ranking provides an objective tool for benchmarking and analysis of regional banks.”
| Rank | Group Name | Country |
| 1 | BancoEstado | Chile |
| 2 | Banco de Chile | Chile |
| 3 | Banco Santander Chile | Chile |
| 4 | Banco de Crédito e Inversiones | Chile |
| 5 | HSBC Mexico | Mexico |
| 6 | Itaú Unibanco | Brazil |
| 7 | Banco Santander Mexico | Mexico |
| 8 | Banobras | Mexico |
| 9 | Banco de Crédito BCP | Peru |
| 10 | Banco Bradesco | Brazil |
Ratings current as of July 30, 2013