Global Finance names the World's Safest Banks 2010 in Asia
NEW YORK, August 30, 2010 — Global Finance magazine (www.gfmag.com) has named the top 10 "Safest Banks in Asia" in an exclusive survey to be published in the October 2010 issue. The banks were selected through a comparison of the long-term credit ratings and total assets of the largest banks. Ratings from Moody's, Standard & Poor's and Fitch were used.
The full report covers 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 management capabilities."World’s Safest Banks 2010 in Asia :
1. DBS Bank [Singapore]
2. Oversea-Chinese Banking Corporation [Singapore]
3. United Overseas Bank [Singapore]
4. Shizuoka Bank [Japan]
5. Bank of Tokyo-Mitsubishi UFJ [Japan]
6. Norinchukin Bank [Japan]
7. Sumitomo Mitsui Financial Group [Japan]
8. Agricultural Development Bank of China [China]
9. National Agricultural Cooperative Federation [South Korea]
10. Industrial Bank of Korea [South Korea]
SO MAY I ASK, WHAT IS WRONG WITH OUR MALAYSIAN BANKS?