Global Finance has announced its annual awards for the World’s Best Banks in Developed and Emerging Markets. BNP Paribas was named “Best Bank in Western Europe” in the regional category. Moreover, both BNP Paribas and BNP Paribas Fortis were recognized as the best banks in France and Belgium, respectively, in the “World’s Best Developed Markets Banks 2013” category.
The report covers best banks in Africa, Asia, Central & Eastern Europe, Western Europe, Latin America, Middle East, and North America. The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers, and analysts throughout the world.
Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, innovative products, new business developement. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry. The mix of these factors yields leading banks that may not be the largest, the oldest or the most diversified in a given region, but rather the best-the banks with which companies around the world would most likely want to do business.
The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.
“This year’s winning banks have one thing in common, a focus on responding to the needs of their customers,” says Global Finance’s publisher, Joseph D. Giarraputo. “Specific market conditions certainly vary from region to region, and overall conditions for the global financial market remain difficult. These banks are being recognized for outstanding accomplishments in the face of adversity.”
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 163 countries.