Each year the Global Finance magazine ranks the best banks in the world based on many factors. In October last year it published this list of top banks for 2007.
The banks are selected based on both subjective and objective factors.Objective factors considered include: “growth in assets, profitability, geographic reach, strategic relationships, new business development and product innovation”. Subjective factors include: “the opinions of equity and credit-rating analysts, banking consultants and others in the industry’.
Hence the banks in this list are the best in everything. For example – The Royal Bank of Canada(RY) is the best bank in Canada because it has the best customer service, great consistent earnings growth and is the most profitable bank in Canada.
This list can be used for picking the best banks in each country for investment purposes as well.
“The World’s Best Banks for 2007” is listed in the chart below.
Note: Click on the thumbnail to enlarge this image.
Courtesy : Global Finance Magazine
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The Best Banks of the World 2008
For “The Top Ten Banks of China 2007” click here.
For “The World’s 20 Biggest Banks 2008” click here
For “The Top 10 Banks in the World 2008” click here.
For “The World’s Best Banks 2007” click here.
For “The Top 5 British Banks” click here.
For “The Top 10 German Banks” list, click here.
For “The Top Banks of Canada” click here.
For “The Top 5 Banks of Australia” list, click here.
