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Global Finance Names The 50 Safest Banks In Emerging Markets 2014
Global Finance Names The 50 Safest Banks In Emerging Markets 2014
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NEW YORK, Sept. 9, 2014 — With geopolitical risk and volatility increasing in a number of emerging markets-and no end in sight to the conflicts that are now tearing apart their respective countries, banks in these markets face uncertain conditions for the foreseeable future. For multinational corporates, it is critical to understand what the risk is and how banks are shoring up their operations to protect against market volatility.
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 23 years.
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 credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks in emerging markets.
The National Bank of Abu Dhabi takes the top spot again in 2014. Asian banks land 23 of the top 50 spots and banks from the Gulf and the Middle East take 22. South Korea, with 10 banks, Saudi Arabia, with 9, and China, with 8, are the largest individual countries on the list.
“It is essential for companies to have a clear view on the strength and stability of their emerging markets banking partners,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “This ranking is an invaluable tool for companies to evaluate institutional strength in fast-growing emerging markets.”