In an exclusive survey "Best Emerging Market Banks-Asia" to be published in the May 5 issue, Global Finance magazine has named the National Bank of Pakistan (NBP) as the Best Emerging Market Bank from Pakistan for 2005. Global Finance editors, with input from industry analysts, corporate executives and banking consultants, selected the best emerging mark bank in the region and in 18 countries. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer services, competitive pricing and innovative products.
This is the 12th year that the magazine has selected top banking performers in emerging markets. Other sections of the report cover best banks in the Middle East and Africa, Latin America and Central and Eastern Europe.
"Emerging markets are attracting increased attention as the global economy expands," says Joseph D. Giarraputo, publisher and president of Global Finance. "We have identified the banks that provide service to corporations seeking to take advantage of substantial opportunities for growth in a sometimes challenging environment."
It also targets the 8,000 key portfolio investors who control over 80 percent of all assets under professional management.
The complete list of the winners is: Regional Winner HSBC; Armenia Converse Bank; Azerbaijan International Bank; Bangladesh Islami Bank; China's ICBC; Georgia's Procredit Bank; India's ICICI Bank; Indonesia's Bank Danamon; Kazakhstan's Kazkommertsbank; Macau's Seng Heng Bank; Malaysia's Maybank; The Agricultural Bank of Mangolia; National Bank of Pakistan; Philippines Bank; South Korea's Shinhan Bank; Sri Lanka's Commercial Bank of Ceylon: Taiwan's Chinatrust Commercial Bank; Thailand Kasikorn Bank and Uzbekistan's Asaka Bank.-PR
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