GF Best Developed Markets Banks 2014

New York, March 18, 2014 - Global Finance magazine has announced its annual awards for the World’s Best Banks in Developed Markets. A full report on the selections will appear in the May issue of Global Finance , along with selections for the World’s Best Banks in Emerging Markets and the Best US Regional Banks. The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.

All selections were made by the editors of Global Finance , after extensive consultations with bankers, corporate financial executives and analysts throughout the world. In selecting these top banks, we considered factors that range from the quantitative objective to the informed subjective. In addition, for the first time, a poll of Global Finance ’s corporate readership was conducted in order to increase the accuracy and reliability of the results.

Banks were invited to submit entries supporting their selection. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry. The mix of these factors yields leading banks that may not be the largest, the oldest or the most diversified in a given country, but rather the best—the banks with which corporations around the world would most likely want to do business.

“The banks that Global Finance is honoring set themselves apart by anticipating and responding to the specific needs of their customers, which vary greatly from country to country and region to region,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance . “With the recovery from the financial crisis moving along slowly, these banks have performed the best under very difficult conditions.”

Best Developed Markets Banks 2014: NORTH AMERICA
Bermuda HSBC Bank Bermuda
Canada Royal Bank of Canada
US Bank of America
Best Developed Markets Banks 2014: WESTERN EUROPE
Andorra Morabanc
Austria Erste bank
Belgium ING
France BNP Paribas
Germany Commerzbank
Greece Piraeus Bank
Ireland Bank of Ireland
Italy Intesa Sanpaolo
Luxembourg Banque et Caisse d’Epargne de l’Etat
Malta Bank of Valletta
Netherlands ING
Portugal Banco Santander Totta
Spain Santander
Switzerland UBS
UK Lloyds Banking Group
Best Developed Markets Banks 2014: NORDIC REGION
Denmark Nordea
Finland Nordea
Iceland Landsbankinn
Norway DnB
Sweden SEB
Best Developed Markets Banks 2014: ASIA-PACIFIC
Australia ANZ Group
Hong Kong HSBC
Japan Mitsubishi UFJ Financial
New Zealand ANZ New Zealand
Singapore DBS Bank
Best Developed Markets Banks 2014: MIDDLE EAST
Israel Bank Hapoalim