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Dear Global Finance reader, Global Finance is excited to offer our e-Newsletter subscribers an advanced look at the winners of our 20th annual Best Banks by Region Awards for 2013. Following a year that included some of the biggest scandals in banking history, it is reassuring to focus on the positive side of the financial services industry. Global Finance has identified the best banks eight regions of the world. These are the banks that put their customers first and help them to succeed in a still-challenging global economic environment. The list of regional winners follows. Please click here for exclusive, early access to the full World's Best Banks report, which will be published in our May 2013 issue. North America Royal Bank of Canada Latin America Banco Santander Western Europe BNP Paribas Nordic Region Nordea Central & Eastern Europe Raiffeisen Bank International Asia-Pacific HSBC Middle East National Bank of Kuwait Africa Ecobank Now more than ever, customers must depend on trustworthiness and excellence in execution from their banking partners. In selecting the world’s best banks, we relied on input from industry analysts, corporate executives and banking consultants, as well as research by Global Finance's reporters and editors. Our criteria included knowledge of local conditions and customer needs, growth in assets, profitability, strategic relationships, staff experience, innovative products, competitive pricing, level of nonperforming loans and effective use of technology. The winners are not always the biggest banks, but rather, the best-those with the qualities that corporations should look for when choosing a banking partner. In North America, Canada's strongly capitalized and well-managed banks have continued to prosper—although a few have seen ratings downgrades. US banks have benefited from improved asset quality and an incipient housing recovery. Loan losses have begun to recede. In Europe, however, the sovereign debt crisis and lack of economic growth continues to weigh on the banking industry. It is unclear whether the bailout of Cyprus means that large depositors will be forced to bear part of the costs of future bank rescues elsewhere in the eurozone. In the Middle East, banks are performing quite well, and oil-producing countries' economies are growing strongly. Islamic finance is in persistent demand. Africa's banks are leaping ahead with the introduction of mobile-banking systems in previously unbanked rural areas. The continent's natural resources are attracting growing investment from Asia, where economic growth remains respectable. More than five years after the start of the global financial crisis, a number of regulatory reforms are under way to make the financial system safer. The fact remains, however, that there is no global regulator and that central banks have kept the system afloat with easy money. It remains to be seen if the system can stand on its own once this support is removed. http://us-mg5.mail.yahoo.com/neo/launch?.rand=982524465&action=showLetter&umid=2_0_0_1_25982780_AOzjimIAAHX4UXl8BwEJylQjmnc&box=Inbox
