The Global Finance magazine has published the best banks for 2009 in the global, regional and country categories. The list includes the best banks in 123 countries and 11 key banking categories.

The winners were selected based on both objective and subjective criteria.”Objective criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovation. Subjective criteria included the opinions of equity and credit-rating analysts, banking consultants and others in the industry, as well as corporate and financial executives.”

The World’s Best Banks 2009 List

In the global level, the winners were JPMorgan Chase (JPM), HSBC (HBC), Credit Suisse (CS) ,Bank of New York Mellon (BK), Citibank (C), BNP Paribas (BNPQY), State Street Global Advisors – part of State Street Bank(STT), Standard Chartered and Deutsche Bank (DB).

JPMorgan Chase (JPM) was ranked the best bank in the United States in Canada the ScotiaBank (BNS) was selected as the best bank. For the BRIC countries, the top banks were:

Brazil – Itau Unibanco (ITUB)
Russia – VTB
China – ICBC
India – HDFC Bank (HDB)

In Europe, notable country winners include HSBC (HBC) for UK, Commerzbank (CRZBY) for Germany, BNP Paribas(BNPQY) for France and Santander(STD) for Spain.