Singapore banks again dominated a ranking of
Asia's safest lenders, with DBS topping the list for the eighth
consecutive year.
DBS was also named the 12th safest bank in the world by
the New York-based trade publication Global Finance.
OCBC Bank was ranked second safest in Asia and 14th
globally, while United Overseas Bank came in fourth in Asia and
16th in the world.
Said Global Finance publisher and editorial director
Joseph D Giarraputo: "In the past year, Asia has seen landmark
political shifts at a time of economic uncertainty. Our ranking of
the safest banks in the region showcases banks that have built
solid foundations - offering security and stability in this rapidly
changing environment - and provides a consistent tool for comparing
institutional strength within the region."
In the world ranking, Germany's KfW took the top spot
for the fifth year in a row, followed by Zürcher Kantonalbank of
Switzerland and Germany's Landwirtschaftliche Rentenbank.
The top-ranking US bank this year was AgriBank, which
was placed 33rd globally.
The full results of Global Finance's annual survey will
be published in its November issue.
ST