These are the best banks in the world

Which countries have the best banks?

Click to follow
The Independent Online

Which countries have the best banks? New research shows that the best investment bank in the world is American, but Japan is home to the best corporate bank and  the best consumer bank is in Spain.

 

A new report by Global Finance Magazine has ranked the best global banks in 12 different categories.

The banks were selected on their performance over the past year but also reputation and management excellence. They were then split into categories depending on their areas of excellence.

Global Finance Magazine talked to bankers, corporate financial executives and analysts around the world to choose the winners.

Global Finance’s publisher and editorial director, Joseph D. Giarraputo, said that recent financial events and the strong US dollar make it more important than ever for people to choose the best bank for their needs.

“With volatile global markets and a strong US dollar changing the global economic playing field, these banks are ahead of the game-continuously investing in best of breed solutions and staff to outperform their peers and provide superior service to clients,” he said.

The winners were:

RTX1D2C5 Mitsubishi UFJ Financial .jpg

Corporate Bank

Mitsubishi UFJ Financial
Market Cap: $89.08 billion
Country: Japan
Founded: 2005
Network: More than 1,100 offices  in more than 40 countries

RTR34KFF Banco Bilbao Vizcaya Argentaria BBVA.jpg

Consumer Bank

Banco Bilbao Vizcaya Argentaria, (BBVA)
Market Cap: $56.64 billion
Country: Spain
Founded: 1857
Network: 8,135 branches present in 31 countries
Customers : 51 million customers worldwide
 

RTR24HHV - ALBARAKA.jpg
Chief Executive of Al-Baraka Banking Group Adnan Yousif stands next to their new logo as he poses for photographers during a ceremony held in the Bahriani capital of Manama June 3, 2009

Islamic Financial Institution

AlBaraka
Market Cap: $1.21 billion
Country: Bahrain
Founded: 2002
Network:  AlBaraka Bank, is a member of the “Association of Banks in Lebanon” (ABL) holding number 109 on the List of Lebanon Banks since its inception in 1992. AlBaraka Bank is a member of AlBaraka Banking Group (ABG), an Islamic group of banks with a wide geographical presence, in the form of subsidiary units and representative offices. ABG is now considered the largest Islamic Banking Group in the region.

 

RTX177IZ - ing.jpg
A man walks past the logo of ING Group NV at a branch office in Amsterdam January 9, 2014

Emerging Markets

ING
Market Cap: $57.52 billion
Country: Netherlands
Founded: 1991
Network: More than 40 countries in Europe , North America, Latin America, Asia and Australia
Customers: More than 33 million private, corporate and institutional customers

 

RTR1VB11- STANDARD BANK SOUTH AFRICA.jpg

Frontier Markets

Standard Bank
Market Cap: $18.09 billion
Country: South Africa
Founded: 1862
Network: The group operates in 20 African countries, including South Africa, and 21 countries outside Africa. Standard Bank has 712 branches in South Africa and 239 in the rest of Africa.

 

RTX1FR7B - dEUTSCHE BANK.jpg
A man enters Deutsche Bank headquarters in Frankfurt, Germany June 9, 2015

Asset Management For Corporates

Deutsche Asset & Wealth Management (part of Deutsche Bank)
Market Cap: $39.99 billion
Country: Germany
Founded: 1870
Network: Present in 40 countries and 135 cities.  Part of the Deutsche Bank group  (Active in over 70 countries, the Deutsche Bank Group has 2,800 branches, over 98,000 employees and more than 30 million clients.)

RTXWSD8 bny mELLON.jpg
A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011.

Global Custody

BNY Mellon
Market Cap: $43.18 billion
Country: United States
Founded: 2007
Network: BNY Mellon operates in 35 countries in the Americas, Europe, the Middle East and Africa (EMEA) and Asia Pacific
Customers: BNY Mellon's clients include 80 per cent of Fortune 500 companies.

 

JP-MOrgan.jpeg
J.P Morgan offices in Canary Wharf

Investment Bank

J.P. Morgan
Market Cap: $231.36 billion
Country: United States
Founded: 2000
Network: J.P. Morgan has operations in more than 60 countries
Customers: It serves 8,000 clients

 

615081.bin

Cash Management / Foreign Exchange / Subcustody

Citi
Market Cap: $155.76 billion
Country: United States
Founded: 1812
Network: Operate in more than 160 countries
Clients: Approximately 200 million client accounts globally

 

464359946.jpg
HSBC took immediate action as soon as the video emerged

Trade Finance

HSBC
Market Cap: $140.87 billion
Country: UK
Founded: 1865
Network: Over 72 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America and 6,100 offices worldwide
Customers: Around 48 million customers through four Global Businesses

 

 

Comments