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DBS beats OCBC, UOB in safest banks list in Asia
But these 3 dominated the top 10.
According to a release, Global Finance magazine has named the Safest Banks in Asia in an exclusive survey.
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.
Singaporean banks banks dominate the list once again this year, taking the top three positions, and South Korean banks also perform well, with three in the top ten.
“Bank counterparty assessment has become an intrinsic part of the job of a CFO and treasurer,” says Global Finance publisher Joseph D. Giarraputo. “Global Finance’s Safest Banks ranking provides an objective tool for benchmarking and analysis of regional banks.”
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