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Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand Of the large state-owned banks in mainland China, Shanghai-based Bank of Communications (Bocom) is comfortably the best managed. China’s fifth-largest bank by assets at $176.4 billion, Bocom is also one of the top 100 largest banks globally and was the first state bank to list internationally.

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand HDFC is India’s 12th largest bank by assets but its recent financial performance suggests that it is one of the country’s fastest growing. Given India’s huge domestic consumer market, the strength of HDFC’s retail banking franchise is a key driver of growth.

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand This year’s choice for best bank in Indonesia is perhaps not an obvious one. Although Bank Rakyat Indonesia offers a full commercial banking service, it has remained close to its roots and focuses on the less glamorous banking sectors of rural and micro finance. The bank is no less profitable for this, though. In the 2005 fiscal year, BRI, Indonesia’s fourth-largest bank by assets, provided its shareholders with a 34.8% return. That figure is explained by a return on average assets of 3.6% and a cost-income ratio of just 43.3%

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand MCB Bank, formerly Muslim Commercial Bank, is comfortably Pakistan’s best bank again. MCB dominates the corporate, commercial and consumer banking space in Pakistan, with almost 10,000 staff operating from 952 branches and with 225 ATMS in 41 cities all servicing 4.3 million customer accounts.

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand DBS remains the best bank in Singapore although it is increasingly being viewed as a regional player, with almost 5 million customers in 14 countries. DBS has total assets of $111.4 billion and banks 54% of Singapore’s savings market. Operating a one bank – two brands strategy, DBS and mass-market brand POSB boast 86 branches and more than 800 ATMs, the country’s widest network. DBS also holds 20% of the local credit card market and is the leader in local mortgages, with a 26% share.

Awards for excellence 2006

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand Siam Commercial Bank remains Thailand’s best bank. In the past 12 months it has grown its asset base and physical network substantially. Assets now total $19.8 billion, making SCB Thailand’s fourth-largest bank. Its branch network has expanded to number 692 locations and 2,800 ATMs. SCB is the number one credit card issuer in Thailand, with 1.44 million cards, and the leading provider of mortgages, with a 30% market share.

Denmark I Estonia I Finland I Iceland I Latvia I Lithuania I Norway I Sweden “For once we are firing on all cylinders,” is how Magnus Carlsson, head of SEB Merchant Banking, describes SEB’s performance over the past 12 to 18 months. Although all leading Swedish banks have performed well during that period, SEB’s results have continued to support the bank’s impressive transformation in recent years. In 2005, SEB delivered a record operating profit of SKr11.2 billion ($1.52 billion), up from SKr10 billion in 2004. Earnings per share rose from SKr10.83 to SKr12.58, and return on equity from 14.7% to 15.8%.

Bahamas I Bardados I Bermuda I Dominician Republic I Jamaica I Trinidad & Tobago I Costa Rica I El Salvador I Guatemala I Honduras I Nicaragua I Panama I Argentina I Bolivia I Brazil I Chile I Colombia I Ecuador I Mexico I Paraguay I Peru I Uruguay I Venezuela

Botswana I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe Africa’s most populous country has benefited hugely from record oil prices – GDP grew 6.2% in 2005 – but observers are concerned that it will distract the government from a ambitious reform agenda that aims to get the country’s non-oil economy off its knees.

Albania I Belarus I Bosnia & Herezegovina I Bulgaria I Croatia I Czech Republic I Georgia I Hungary I Poland I Romania I Russia I Serbia I Slovakia I Slovenia I Turkey I Ukraine By virtually every category that Euromoney uses to rank the top banks – operating income, total assets, net interest revenues, OTP dominates in Hungary. It has the highest return on equity of Hungary’s top 10 banks, and one of the best cost-income ratios. Once again, it claims Euromoney’s best bank in Hungary award.

Bahrain I Egypt I Iran I Israel I Jordan I Kuwait I Lebanon I Morocco I Oman I Qatar I Saudi Arabia I United Arab Emirates I Lifetime Achievement Bank Mellat, Iran’s third-largest bank, increased its assets by 31.4% to $23.6 billion in the past year and total operating income by 53.3% to $1.35 billion, as well as looking to develop further its international network by opening a subsidiary in South Korea.