Global Finance Names The Safest Banks In Latin America
Global Finance has announced the Safest Banks in Latin America as part of its 32nd annual ranking of the World’s Safest Banks. The full list is included here and will be published in the November print and digital editions, as well as online at GFMag.com.
Scotiabank Chile moves up two positions to take the top spot this year and Chilean banks continue to dominate the list, taking the top six positions and seven total spots.
The full report includes the following rankings: World’s 50 Safest Banks, World’s 50 Safest Commercial Banks, Safest Banks by Country, Territory and District, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the GCC, and Safest Banks by Region (Africa, Asia, Australasia, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe).
“With the rise of inflation and disturbing bank runs happening in the US and Europe, bank soundness remains the cornerstone of worldwide commerce during these stressful times,” said Joseph Giarraputo, founder and editorial director of Global Finance.
Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—of the 500 largest banks worldwide.
Ratings current as of August 18, 2023/Press Release Issued: September 22, 2023
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Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 36 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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