SAFEST EMERGING MARKETS BANKS 2014

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Assets
$mn

Statement Date

Country

1

National Bank of Abu Dhabi

AA-

Aa3

AA-

21

88,512

12/31/13

UAE

2

China Development Bank

A+

Aa3

AA-

20

1,341,642

12/31/13

China

3

Agricultural Development Bank of China

A+

Aa3

AA-

20

364,583

12/31/12

China

4

Export-Import Bank of China

A+

Aa3

AA-

20

308,873

12/31/13

China

5

Korea Finance Corporation

AA-

Aa3

A+

20

245,217

12/31/13

South Korea

6

Industrial Bank of Korea

AA-

Aa3

A+

20

201,424

12/31/13

South Korea

7

Korea Development Bank

AA-

Aa3

A+

20

158,921

12/31/13

South Korea

8

National Bank of Kuwait

AA-

Aa3

A+

20

65,958

12/31/13

Kuwait

9

Export-Import Bank of Korea (KEXIM)

AA-

Aa3

A+

20

58,181

12/31/13

South Korea

10

BancoEstado

A+

Aa3

AA-

20

48,802

12/31/13

Chile

11

Qatar National Bank

A+

Aa3

A+

19

121,837

12/31/13

Qatar

12

Samba Financial Group

A+

Aa3

A+

19

54,676

12/31/13

Saudi Arabia

13

Bank of Taiwan*

N/R

Aa3

A+

18.5

142,745

12/31/13

Taiwan

14

Banco de Chile*

N/R

Aa3

A+

18.5

49,356

12/31/13

Chile

15

National Commercial Bank

A+

A1

A+

18

100,608

12/31/13

Saudi Arabia

16

Al Rajhi Bank

A+

A1

A+

18

74,632

12/31/13

Saudi Arabia

17

Riyad Bank

A+

A1

A+

18

54,732

12/31/13

Saudi Arabia

18

Banco Santander Chile

A+

Aa3

A

18

51,734

12/31/12

Chile

19

Abu Dhabi Commercial Bank

A+

A1

A

17

49,869

12/31/13

UAE

20

SABB

A

Aa3

A

17

47,281

12/31/13

Saudi Arabia

21

Banque Saudi Fransi

A

Aa3

A

17

45,348

12/31/13

Saudi Arabia

22

Union National Bank

A+

A1

N/R

17

23,838

12/31/13

UAE

23

Industrial and Commercial Bank of China

A

A1

A

16

3,100,051

12/31/13

China

24

China Construction Bank

A

A1

A

16

2,517,568

12/31/13

China

25

Agricultural Bank of China

A

A1

A

16

2,386,291

12/31/13

China

26

Bank of China

A

A1

A

16

2,273,581

12/31/13

China

27

Kookmin Bank

A

A1

A

16

251,335

12/31/13

South Korea

28

Shinhan Bank

A

A1

A

16

225,550

12/31/13

South Korea

29

Nonghyup Bank

A

A1

A

16

185,093

12/31/13

South Korea

30

Kuwait Finance House

A+

A1

A-

16

57,233

12/31/13

Kuwait

31

Arab National Bank

A

A1

A

16

36,783

12/31/13

Saudi Arabia

32

Land Bank of Taiwan*

N/R

Aa3

A-

15.5

81,246

12/31/13

Taiwan

33

FGB

A+

A2

N/R

15.5

53,106

12/31/13

UAE

34

Abu Dhabi Islamic Bank

A+

A2

N/R

15.5

28,090

12/31/13

UAE

35

Hana Financial Group

A-

A1

A

15

154,344

12/31/13

South Korea

36

Mega International Commercial Bank

A-

A1

A

15

93,986

12/31/13

Taiwan

37

Banco de Crédito e Inversiones

A-

A1

A

15

38,756

12/31/13

Chile

38

Commercial Bank of Qatar

A

A1

A-

15

31,075

12/31/13

Qatar

39

Bank of Communications

A

A2

A-

14

976,818

12/31/13

China

40

Woori Bank

A-

A1

A-

14

236,246

12/31/13

South Korea

41

Korea Exchange Bank

A-

A1

A-

14

101,036

12/31/13

South Korea

42

CTBC Bank

A

A2

A-

14

71,845

12/31/13

Taiwan

43

Česká spořitelna

A

A2

A-

14

48,694

12/31/13

Czech Republic

44

Komerční banka

A-

A2

A

14

43,429

12/31/13

Czech  Republic

45

BankMuscat

A-

A1

A-

14

22,072

12/31/13

Oman

46

Saudi Hollandi

A-

A1

N/R

14

21,458

12/31/13

Saudi Arabia

47

Doha Bank

A

A2

A-

14

18,405

12/31/13

Qatar

48

Saudi Investment Bank

A-

A2

A-

13

21,465

12/31/13

Saudi Arabia

49

Emirates NBD

A+

Baa1

N/R

12.5

93,141

12/31/13

UAE

50

Cathay United Bank*

N/R

A2

A-

12.5

66,661

12/31/13

Taiwan

• Source for ratings: Fitch Ratings, Standard & Poor’s, Moody’s Investors Service   
• Source for Reporting Assets: Fitch Solutions, except for * Moody’s Investors Service, and ** bank’s financial reports     
• Ratings current as of August 14, 2014