Global Finance
announces a half-yearly update World’s 50 Safest Banks: April 2012
NEW YORK, March 1, 2012
Bank stability is an ever-more pressing concern for the worlds corporations and investors. It is within this context that
Global Finance
announces the half-yearly update to its
Ranking of the World’s 50 Safest Banks
.
The sovereign debt crisis is still raging in Europe, the Arab Spring outcome is far from clear and global elections have put political stability at risk in some markets. As a result, the credit ratings of European and global banks have been affected, and have moved down the ranking of the World’s Safest Banks. In contrast, a number of banksparticularly in Asia and the Middle Easthave benefitted by moving up the ranking.
In addition, even in the face of tough market conditions some banks have actually improved their score by having their ratings upgraded since the last ranking was released. With these factors in mind,
Global Finance
has launched the
World’s 50 Safest Banks: April 2012
; and launched a list of the
Most Improved Ratings
those banks who have increased their score since October.
The ranking was created through an evaluation of long-term credit ratingsfrom Moodys, Standard & Poors and Fitch Ratingsand total assets of the 500 largest banks worldwide.
Global Finance
s ranking of the
World’s 50 Safest Banks
is a recognized and trusted standard of creditworthiness for the entire financial world. Counterparty creditworthiness has seldom been of more concern to companies and investors worldwide, says
Global Finance
publisher Joseph D. Giarraputo. Knowing how their counterparties are faring in the face of global economic uncertainty is key. This ranking helps companies and investors to get a view on the relative strength of their counterpartiesand global financial institutions.
This exclusive survey will be published in the April issue of
Global Finance
.
For editorial information please contact: Andrea Fiano, Editor, email:
afiano@gfmag.com
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*A tie is assigned when two banks with the same scorehave total assets within a $5 billion range.
**NEW ENTRANTS
PR date: Global Finance magazine March 1, 2012
Ratings as of: February 22, 2012
A listing of those banks who have increased their score since October
|
Name |
Score April |
Score October |
Score Change |
Country |
|
Agricultural Development Bank of China |
20 |
18.5 |
+1.5 |
China |
|
Corpbanca |
9.5 |
8 |
+1.5 |
Chile |
|
Overseas-Chinese Banking Corp |
23 |
22 |
+1 |
Singapore |
|
United Overseas Bank |
23 |
22 |
+1 |
Singapore |
|
DZ Bank |
20 |
19 |
+1 |
Germany |
|
Banco de Crdito e Inversiones |
15 |
14 |
+1 |
Chile |
|
Bendigo and Adelaide Bank |
13 |
12 |
+1 |
Australia |
|
Banco do Brasil |
6 |
5 |
+1 |
Brazil |
