Top 10 world’s safest banks 2013 in Asia

Singaporean banks dominated the top three.

Global Finance magazine has named the Safest Banks in Asia in an exclusive survey to be published in the October 2013 issue. 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.

“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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Top 10 world’s safest banks 2013 in Asia

1. DBS
1. DBS
Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia.
2. OCBC
2. OCBC
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.
3. UOB
3. UOB
Founded in 1935, UOB has a well-established regional presence, particularly in Asia where we have banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and China.
4. Hang Seng Bank
4. Hang Seng Bank
Hang Seng Bank is one of the top 50 largest listed banks in the world in terms of market capitalisation and has 220 service outlets in Hong Kong.
5. China Development Bank
5. China Development Bank
The China Development Bank is a financial institution in the People's Republic of China led by a cabinet minister level Governor, under the direct jurisdiction of the State Council.
6. Agricultural Development Bank of China
6. Agricultural Development Bank of China
Based in Beijing, ADBC set up its branches and sub-branches according to the needs of the agricultural policy credit business with the approval of the China Banking Regulatory Commission. By the end of December 2006, there are 30 provincial branches, 330 branches at the prefectural level, 1600 sub-branches at the county level, 3 county-level business offices.
7. Korea Finance Corporation
7. Korea Finance Corporation
Korea Finance Corporation is Korea's leading policy-based financial institution designed to contribute to the sound growth of Korea and its financial industry.
8. Industrial Bank of Korea
8. Industrial Bank of Korea
Industrial Bank of Korea is an industrial bank company headquartered in Jung-gu, Seoul, South Korea established in 1961.
9. Korea Development Bank
9. Korea Development Bank
Korea Development Bank is a wholly state-owned policy bank in South Korea founded in 1954 to finance and manage major industrial projects to expedite industrial development and enhance the national economy.
10. Bank of Taiwan
10. Bank of Taiwan
The Bank of Taiwan currently operates a total of 169 domestic branches as well as branches in Tokyo, Singapore, Hong Kong and the People's Republic of China. Branches have also been established in New York City, Los Angeles, London, and South Africa.

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