Global Finance Names BancoEstado of Chile the World’s Safest Bank 2013 in Latin America

World's Safest Banks 2013

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