2006 World's Best Banks

Global Finance Magazine (October 2006 edition) editorial team has identified the best banks in 109 countries. In selecting these top banks, the team

considered factors that range from the objective to the informed subjective. 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. The winners may not be the largest or the oldest or the most diversified in a given country or sector but, rather, the best-the bank with which corporations, consumers and financial institutions around the world are most likely to want to do business. Within this listing of the World's Best Banks we have included our April 2006 list of the Best Developed Market Banks and our May 2006 list of the Best Emerging Market Banks.

THE WORLD'S BEST BANKSGLOBAL

Corporate Citigroup
Consumer HSBC
Private UBS
Asset Management State Street Global Advisors
Custody The Bank of New York
Investment Citigroup
Trade Finance Citigroup
Foreign Exchange Deutsche Bank
Sub-custody HSBC

NORTH AMERICA

Bermuda Butterfield Bank
Canada Scotiabank
United States Citigroup

EUROPE

Albania Raiffeisen Bank
Austria Erste Bank
Belarus Priorbank
Belgium KBC Bank
Bosnia & Herzegovina Raiffeisen Bank
Bulgaria Raiffeisenbank
Croatia Privredna Banka Zagreb
Cyprus Bank of Cyprus
Czech Republic Ceska Sporitelna
Denmark Danske Bank
Estonia Hansabank
Finland Nordea
France Societe Generale
Germany Deutsche Bank
Greece EFG Eurobank Ergasias
Hungary OTP Bank
Iceland Kaupthing Bank
Ireland Bank of Ireland
Italy Banca Intesa
Latvia Lateko Banka
Lithuania SEB Vilniaus Bankas
Luxembourg Fortis Banque Luxembourg
Macedonia Komercijalna Banka
Malta Bank of Valletta
Moldova Moldindconbank
Netherlands ABN AMRO
Norway DnB NOR
Poland Bank Pekao
Portugal Banco Comercial Portugues
Romania Banca Comerciala Romana
Russia Vneshtorgbank
Serbia & Montenegro Raiffeisen Bank
Slovakia VUB Banca
Slovenia Nova Ljubljanska Banka
Spain Banco Santander Central Hispano
Sweden Handelsbanken
Switzerland UBS
Turkey Akbank
Ukraine Ukreximbank
United Kingdom HSBC

ASIA/PACIFIC

Armenia Converse Bank
Australia Macquarie Bank
Azerbaijan International Bank of Azerbaijan
Bangladesh Janata Bank
China China Construction Bank
Georgia TBC Bank
Hong Kong HSBC
India ICICI Bank
Indonesia Bank Danamon
Israel Bank Hapoalim
Japan Mitsubishi UFJ
Kazakhstan Kazkommertsbank
Kyrgyzstan Demir Kyrgyz International Bank
Macau Seng Heng Bank
Malaysia Maybank
Mongolia Khan Bank
Pakistan National Bank of Pakistan
Philippines Bank of the Philippine Islands
Singapore United Overseas Bank
South Korea Shinhan Bank
Sri Lanka Commercial Bank of Ceylon
Taiwan Chinatrust Commercial Bank
Thailand Siam Commercial Bank
Uzbekistan Asaka Bank

LATIN AMERICA

Argentina Macro Bansud
Barbados FirstCaribbean International
Bolivia Banco de Credito
Brazil Bradesco
Chile Santander Santiago
Colombia Bancolombia
Costa Rica Banco Interfin
Ecuador Banco del Pichincha
El Salvador Banco Agricola
Guatemala Banco Agromercantil
Honduras Banco Atlantida
Mexico Banamex
Panama Banistmo
Peru Continental BBVA
Puerto Rico Banco Popular
Trinidad & Tobago Republic Bank
Uruguay ABN AMRO
Venezuela Banco Mercantil

MIDDLE EAST & AFRICA

Bahrain Ahli United Bank
Botswana Standard Chartered Bank Botswana
Egypt Commercial International Bank (CIB)
Ethiopia NIB International Bank
Gambia Trust Bank
Ghana Ghana Commercial Bank
Guinea International Commercial Bank
Jordan Arab Bank
Kenya Barclays Bank of Kenya
Kuwait National Bank of Kuwait
Lebanon BLOM Bank
Morocco Attijariwafa Bank
Namibia Standard Bank Namibia
Nigeria First Bank of Nigeria
Oman BankMuscat
Qatar Qatar National Bank
Rwanda Bank of Commerce,Development and Industry
Saudi Arabia Samba Financial Group
South Africa Standard Bank
Tunisia Banque de Tunisie
Uganda Stanbic Bank Uganda
United Arab Emirates National Bank of Dubai
Zambia Standard Chartered Bank Zambia
Zimbabwe Stanbic Bank Zimbabwe