Ratings for 50 top emerging market banks

Rank

1996*

Company

Country

S&P LT †

M LT †

IBCA Ind †

M FS †

Em FS †

Emba rating †

1

Shanghai Commercial & Savings Bank

TAIWAN

C

ααα

2

Bank SinoPac

TAIWAN

D+

C

ααα

3

Asian Banking Corporation

KOREA

C

ααα

4

1

Banco Mercantil de Sao Paulo

BRAZIL

C

ααα

5

1

MashreqBank

UAE

D

C

ααα

6

Union Bank of the Philippines

PHILIPPINES

C

αα

7

1

Banco de Chile

CHILE

C+

C

αα

8

1

Banco de A Edwards

CHILE

C+

C

C

αα

9

Taipei Business Bank

TAIWAN

C

αα

10

1

Bank of Commerce

MALAYSIA

C+

C

αα

11

1

Banco Santander ­ Chile

CHILE

C+

C

αα

12

Taichung Business Bank

TAIWAN

C

αα

13

Shen Zhen Development Bank

CHINA

C

αα

14

1

BHIF

CHILE

C+

C

C

αα

15

1

Banco Santiago

CHILE

C+

C

αα

16

Rizal Commercial Banking Corp

PHILIPPINES

D+

C

αα

17

Multi-Purpose Bank

MALAYSIA

C

αα

18

Bank Bumiputra Malaysia

MALAYSIA

C

C

αα

19

Arab-Malaysian Bank

MALAYSIA

C

αα

20

Fuh-Hwa Securities Finance

TAIWAN

C

αα

21

Perwira Affin Bank

MALAYSIA

D+

αα

22

1

Banco Bice

CHILE

C+

D+

αα

23

1

Banco de Credito e Inversiones

CHILE

C+

D+

αα

24

1

Hsinchu Bank

TAIWAN

D+

αα

25

Chung Shing Bank

TAIWAN

D+

αα

26

1

Export-Import Bank of the Rep of China

TAIWAN

D+

αα

27

1

Banco Credibanco

BRAZIL

B1

C

D+

αα

28

1

E Sun Bank

TAIWAN

D+

D+

αα

29

1

Grand Commercial Bank

TAIWAN

D+

αα

30

Hyundai International Merchant Bank

KOREA

D+

αα

31

1

Dah An Commercial Bank

TAIWAN

D+

αα

32

Southern Bank

MALAYSIA

D+

αα

33

Far Eastern International Bank

TAIWAN

D+

αα

34

1

Banco BMC

BRAZIL

D+

αα

35

1

Chinatrust Commercial Bank

TAIWAN

C

D+

αα

36

Bank of Taiwan

TAIWAN

AA­

Aa3

C

D+

αα

37

1

Al-Rajhi Banking & Investment

SAUDI ARABIA

D

D+

αα

38

Public Bank

MALAYSIA

B

C

D+

αα

39

Chinese Bank

TAIWAN

D+

αα

40

Hock Hua Bank

MALAYSIA

D+

αα

41

1

Banco Comercial

URUGUAY

Ba1

D+

D+

αα

42

1

Emirates Bank International

UAE

D+

D+

αα

43

DCB Bank

MALAYSIA

D+

αα

44

Asia Pacific Bank

TAIWAN

D+

α

45

Development Bank of the Philippines

PHILIPPINES

Ba2

D+

α

46

Ban Hin Lee Bank

MALAYSIA

D+

α

47

1

Bank of Bahrain and Kuwait

BAHRAIN

D

D+

α

48

1

Hong Leong Bank

MALAYSIA

D+

α

49

1

Malayan Banking

MALAYSIA

A+

B

C+

D+

α

50

1

Commercial Bank of Dubai

UAE

D+

α

*1 = 1996 results
† S&P long-term; Moody’s long-term; IBCA Individual; Moody’s financial strength; Euromoney financial strength; Euromoney emerging market bank rating