names the World’s Best Developed Markets Banks 2013
NEW YORK, March 20, 2013
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
. 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
, 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. 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 bestthe banks with which corporations around the world would most likely want to do business.
“This year’s winning banks have one thing in common, a focus on responding to the needs of their customers,” says
publisher, Joseph D. Giarraputo. “Specific market conditions certainly vary from region to region, and overall conditions for the global financial market remain difficult. These banks are being recognized for outstanding accomplishments in the face of adversity.”
An Awards Ceremony for all winners will be conducted at the same time as the World Bank/IMF Meetings on the morning of Saturday, October 12, 2013 at The National Press Club in Washington, DC.
For more information on the awards and/or ceremony please contact: Katharine Frey, email:
|Regional Winner||Royal Bank of Canada|
|Canada||RoyalBank of Canada|
|United States||Bank of America|
|Regional Winner||BNP Paribas|
|Belgium||BNP Paribas Fortis|
|Greece||National Bank of Greece|
|Ireland||Bank of Ireland|
|Luxembourg||Banque et Caisse dEpargne de lEtat|
|Malta||Bank of Valletta|
|Portugal||Banco Santander Totta|
Asia-Pacific and Middle East
|Japan||Sumitomo Mitsui Financial Group|
|Singapore||Oversea-Chinese Banking Corporation|