Press Release: Global Finance Names The 50 Safest Banks In Emerging Markets 2016

NEW YORK, Sept. 14, 2016 — Global Finance has named the 50 Safest Banks in Emerging Markets for 2016 as part of an exclusive survey to be published in the November 2016 issue.

This year, Asian banks dominated the top 10. South Korean banks took the first three spots, with Korea Development Bank at #1, Export-Import Bank of Korea at #2 and Industrial Bank of Korea at #3. China also landed three banks in the top 10; China Development Bank at #5, Agricultural Development Bank of China at #6 and Export-Import Bank of China at #7. Middle Eastern banks performed well once again with UAE’s National Bank of Abu Dhabi at #4, Qatar National Bank at #8 and National Bank of Kuwait at #9.

Banks from the Gulf and Middle East took 25 of the top 50 spots and Asian banks landed 20. Qatar, with nine banks, and South Korea and China, with eight each, are the largest individual countries on the list.

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: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, 50 Safest Banks in Europe, 50 Safest Banks in the Middle East, Safest Chinese Banks, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe). The report will also compare the 2016 Safest Banks against our rankings from 5 and 10 years ago.

“The fast-changing landscape of emerging markets are a challenge for investors and companies to evaluate,” says Global Finance publisher and editorial director Joseph D. Giarraputo. “Our ranking of Safest Banks in Emerging Markets recognizes the institutions providing stability and security in volatile economies, providing a consistent and coherent tool for companies and investors to evaluate institutional strength in these dynamic markets.”

* Greatest gain over position on the 2015list
**New entry to the ranking