Global Finance announced its first-ever ranking of the 50 safest banks in Emerging Markets.
“At a time when growth is slow, if not stagnant, and risk is elevated in developed markets, companies from both developed and developing markets are increasingly looking to expand their presence within emerging markets,” Global Finance in a statement said.
For the ranking, it added, we use the same criteria as is applied to our Annual World’s Safest Banks ranking, which appeared in the October issue—a recognized and trusted standard of creditworthiness for the financial world, now in its 20th year.
“We evaluate 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. Winners 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 rankings clearly show the ever-growing dominance of China’s banks both within Asia and throughout the emerging markets. Chilean and South Korean banks also feature prominently in the rankings, as do those of Kuwait, Saudi Arabia and the UAE.”
“For companies looking to expand into new markets, choosing the right banking partner is critical, “Global Finance publisher Joseph D. Giarraputo, said.
“This ranking is an invaluable tool for companies to evaluate institutional strength in fast-growing emerging markets.
The ranking of 50 safest banks in Emerging Markets include: China Development Bank; Agricultural Development Bank of China; National Bank of Abu Dhabi; Banco Santander-Chile; National Bank of Kuwait; Qatar National Bank; Samba Financial Group, Saudi Arabia; Bank of Taiwan; Banco del Estado de Chile; National Commercial Bank; Al Rajhi Bank; Riyad Bank; Banco de Chile; Korea Finance Corporation; Industrial Bank of Korea; Abu Dhabi Commercial Bank; Kuwait Finance House; Komerční banka, Czech Republic; SABB, Saudi Arabia; Banque Saudi Fransi; Union National Bank; Industrial & Commercial Bank of China; KB Kookmin Bank; National Agricultural Cooperative Federation, South Korea; Česká spořitelna, Czech Republic; Arab National Bank, Saudi Arabia; Agricultural Bank of China; Land Bank of Taiwan; First Gulf Bank; Abu Dhabi Islamic Bank; Commercial Bank of Kuwait; China Construction Bank Corporation; Bank of China; Shinhan Bank, South Korea; Mega International Commercial Bank, Taiwan; Commercial Bank of Qatar; Woori Bank, South Korea; Hana Bank, South Korea; Absa Bank, South Africa; Emirates NBD; Chinatrust Commercial Bank, Taiwan; PKO Bank Polski, Poland; Banco de Crédito e Inversiones, Chile; ING Bank Śląski, Poland; Saudi Hollandi Bank, Doha Bank Qatar; Bank Pekao, Poland; BankMuscat; Saudi Investment Bank and Cathay United Bank, Taiwan.