DBS beats OCBC, UOB as World's Safest Banks in Asia
These Singaporean banks dominated the top three spots in the list.
According to Global Finance magazine's Wordl's Safest Banks 2012 in Asia Winners were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.
Here's more from Global Finance:
Singaporean banks banks dominate the list once again this year, taking the top three positions, and Japanese banks also perform well, with five in the top eleven.
The full report evaluates the safest banks in Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia.
“More than ever, customers around the world are viewing long-term creditworthiness as the key feature of the banks with which they do business,” says Joseph D. Giarraputo, publisher of Global Finance. “These banks have solid capital positions and superior risk
The xclusive survey will be published in the GF's October 2012 issue.
World’s Safest Banks 2012 in Asia
1. DBS Bank (Singapore)
2. Oversea-Chinese Banking Corp (Singapore)
3. United Overseas Bank (Singapore)
4. China Development Bank (China)
5. Agricultural Development Bank of China (China)
6. Bank of Taiwan (Taiwan)
7. Shizuoka Bank
8. Bank of Tokyo-Mitsubishi UFJ (Japan)
9. Sumitomo Mitsui Banking Corp (Japan)
10. Norinchukin Bank (Japan)
11. Shinkin Central Bank (Japan)
12. Industrial Bank of Korea (South Korea)
13. Korea Finance Corp (South Korea)