Gulf International Bank (GIB) has been named the Safest Bank in Bahrain for 2014 by New York based Global Finance magazine.

Banks were selected through an evaluation of long-term credit ratings from international ratings agencies, Moody's, Standard & Poor's and Fitch, said a report in the Gulf Daily News (GDN), our sister publication.

GIB was also named Best Investment Bank in Bahrain for 2014.

Global Finance conducts a survey in more than 100 countries around the world to highlight the safest bank in each of those countries for 2014.

"Global Finance's safest banks by country ranking provides an objective tool for benchmarking and analysis on a country-by-country basis," said Global Finance publisher and editorial director Joseph D Giarraputo.

"Geographical risk is rising in some markets and new regulations are causing corporates to re-evaluate their relationships worldwide. It is essential for companies to have a clear view on the strength and stability of their banking partners," he added. - TradeArabia News Service