GF Names World’s Best Developed Markets Banks 2013

Global Finance Names the World's Best Developed Markets Banks 2013

Source: GFmag.com

Global Finance Names The World’s
Best Developed Markets Banks 2013

NEW YORK, March 20, 2013 – Global Finance 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 Global Finance. 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 Global Finance, 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 best—the 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 Global Finance’s 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.”

The reach of Global Finance

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 163 countries. Its circulation is audited by BPA. Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior fi¬nancial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international port¬folio investors responsible for more than 80% of all global assets under professional management. Its website –– GFmag.com ––
offers analysis and articles that are the heritage of 26 years of experience in international financial markets, and provides a valuable source of data on 192 countries. Headquartered in New York, with offices in London and Milan.

Global Finance names the World’s Best Developed Markets Banks 2013

North America

Regional Winner - Royal Bank of Canada
Bermuda - HSBC Bank Bermuda
Canada - Royal Bank of Canada
United States - Bank of America

Europe

Regional Winner - BNP Paribas
Austria - Bank Austria
Belgium - BNP Paribas Fortis
France - BNP Paribas
Germany - Deutsche Bank
Greece - National Bank of Greece
Ireland - Bank of Ireland
Italy - Intesa Sanpaolo
Luxembourg - Banque et Caisse d’Epargne de l’Etat
Malta - Bank of Valletta
Netherlands - ING
Portugal - Banco Santander Totta
Spain - BBVA
Switzerland - Credit Suisse
United Kingdom - Barclays

Nordic Region

Regional Winner - Nordea
Denmark - Danske Bank
Finland - Nordea
Norway - Nordea
Sweden - Nordea

Asia-Pacific and Middle East

Australia - ANZ Group
Hong Kong - HSBC
Israel - Bank Hapoalim
Japan - Sumitomo Mitsui Financial Group
New Zealand - Kiwibank
Singapore - Oversea-Chinese Banking Corporation

AWARDS CEREMONY

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.

ENDS

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