The annual listing of the ‘World’s Best Banks” has been released by the Global Finance magazine.

The report will be featured in the Global Finance’s October issue, and will include the best bank worldwide for corporate, consumer and private banking, emerging markets, frontier markets, Islamic finance, asset management, global custody, investment banking, cash management, trade finance, foreign exchange, sub-custody and supply chain finance, a report said.

This 2014 list also includes winners by geographic region, a GF magazine report said.

REGIONAL WINNERS

Middle                                  East Arab Bank

Africa                                    Standard Bank

North                                    America Bank of America

Western Europe                    ING

Nordic Countries                   Nordea

CEE                                      Raiffeisen Bank International

Latin America                        Banco Santander

Asia-Pacific                           DBS Bank

Winners were selected based on performance over the past year and other subjective criteria including reputation and management excellence. Global Finance made the selections after extensive consultations with bankers, corporate financial executives and analysts throughout the world, it said.

“In the face of global regulatory upheaval and still-trying economic conditions, these financial institutions have out-performed their peers,” said Global Finance’s publisher and editorial director, Joseph D. Giarraputo. “As many developed and emerging economies continue to improve, these banks are well-positioned to take best advantage of the upturn in the economic cycle—which will benefit both their customers and all of their stakeholders.”

The World’s Best Banks and other Global Finance 2014 award winners will be honoured at the awards ceremonies in Boston on October 1 during the SIBOS conference and in Washington, DC on October 11 during the IMF/World Bank Annual Meetings, the report said. – TradeArabia News Service