NEW YORK, Sept. 9, 2015 — Rapid-growth emerging markets have long been the engines of global economic growth. With clients enjoying swiftly-rising incomes, many emerging markets banks benefited by providing services to meet the increasingly sophisticated banking needs of their client base.
It is against this backdrop that Global Finance announces it’s annual ranking of the Safest Banks in Emerging Markets. Global Finance’s Safest Banks rankings have been the recognized and trusted standard of financial counterparty safety for 24 years.
The top four spots in this year’s listing have not changed from 2014, with National Bank of Abu Dhabi coming in first place, followed by China Development Bank, Agricultural Development Bank of China and Export-Import bank of China. Coming in fifth place this year, up from seventh last year, is Korea Development Bank.
Banks from the Gulf and Middle East land 23 of the top 50 spots and Asian banks take 21. South Korea, with 9 banks, and Saudi Arabia and China, with 8 each, are the largest individual countries on the list.
The bank that saw the greatest shift in the rankings this year was South Korea’s Shinhan Bank, which moved up 10 postitions to 18th place.
New to the list year are Gulf Bank, of Kuwait, and Qatar Islamic Bank.
Global Finance evaluates the ratings and total assets of the main players in developing economies to create the rankings—providing an overview of the key banks in each region and which financial institutions offer the greatest security. Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks in emerging markets.
In addition to the 50 Safest Banks in Emerging Markets, the full report also includes the following rankings: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, Safest Islamic Financial Institutions in the GCC, Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe) and Safest Emerging Markets Banks by Region (Asia and Sub-Saharan Africa).
“The Safest Banks in Emerging Markets ranking highlights those banks that have built strong foundations—providing safety and security in this rapidly-changing market landscape,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “This ranking is an invaluable tool for companies and investors to evaluate institutional strength in fast-growing emerging markets.”
|1||National Bank of Abu Dhabi||UAE|
|2||China Development Bank||China|
|3||Agricultural Development Bank of China||China|
|4||Export-Import Bank of China||China|
|5||Korea Development Bank||South Korea|
|6||Industrial Bank of Korea||South Korea|
|7||Qatar National Bank||Qatar|
|8||National Bank of Kuwait||Kuwait|
|9||Export-Import Bank of Korea (KEXIM)||South Korea|
|11||Samba Financial Group||Saudi Arabia|
|12||Bank of Taiwan||Taiwan|
|13||Banco de Chile||Chile|
|14||National Commercial Bank||Saudi Arabia|
|15||Al Rajhi Bank||Saudi Arabia|
|16||Riyad Bank||Saudi Arabia|
|17||Banco Santander Chile||Chile|
|18||Shinhan Bank**||South Korea|
|19||Abu Dhabi Commercial Bank||UAE|
|20||Banque Saudi Fransi||Saudi Arabia|
|22||Union National Bank||UAE|
|23||Industrial and Commercial Bank of China||China|
|24||China Construction Bank||China|
|25||Agricultural Bank of China||China|
|26||Bank of China||China|
|27||Kookmin Bank||South Korea|
|28||Kuwait Finance House||Kuwait|
|29||Arab National Bank||Saudi Arabia|
|30||Commercial Bank of Qatar||Qatar|
|31||Land Bank of Taiwan||Taiwan|
|33||Abu Dhabi Islamic Bank||UAE|
|34||Nonghyup Bank||South Korea|
|35||Hana Financial Group||South Korea|
|36||Korea Exchange Bank||South Korea|
|37||Mega International Commercial Bank||Taiwan|
|38||Banco de Crédito e Inversiones||Chile|
|40||Bank of Communications||China|
|41||Woori Bank||South Korea|
|43||Komerční banka||Czech Republic|
|44||Qatar Islamic Bank*||Qatar|
|45||Saudi Hollandi||Saudi Arabia|
|47||Česká spořitelna||Czech Republic|
|48||Saudi Investment Bank||Saudi Arabia|
* New entry to the ranking
Ratings current as of August 14, 2015
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
For editorial information please contact:
Andrea Fiano | firstname.lastname@example.org
To obtain rights to use Global Finance’s World’s Best Banks 2015 logo, please contact:
Chris Giarraputo | email@example.com
The unauthorized use of Global Finance Award logos is strictly prohibited.