"The banks that are shortlisted for this award are whom you might expect, the cream of AsiaÆs banks," says Lara Wozniak, editor of FinanceAsia. "The decision on the winning bank is a highly quantitative one û with each bank scored on a number of key performance metrics. I am pleased to say that Public Bank scored the highest of the eleven shortlisted banks.ö
The Best Asian Bank award is given to the bank that ranks highest among the eleven banks that have individually won our Best Bank award for each country. We ranked the banks by a series of metrics and also by their scores in Standard & PoorÆs Bank Fundamental Strength Ratings. We looked at 12 metrics: return on assets, return on equity, profit per employee, total profit, total assets, percentage of net income derived from fee business, market capitalisation, NPL ratio, growth rate, number of employees, price-to-book ratio and net interest margin. The best-ranked in each metric got 11 points and the lowest-ranked got 1 point.
We then overlaid this with S&PÆs Bank Fundamental Strength rating, which measures a bankÆs strength, and graded them with an A rating getting the most points and an E rating the least. The S&P rating got a 25% weighting in the overall score.
At the end of this point scoring system, Public Bank emerged as the Best Asian Bank. The eleven shortlisted banks were: ICBC (China), HDFC Bank (India), BRI (Indonesia), Shinhan Bank (South Korea), MCB Bank (Pakistan), DBS (Singapore), Bank of Philippine Islands (Philippines), Siam Commercial Bank (Thailand), Public Bank (Malaysia), Chinatrust (Taiwan) and Sacombank (Vietnam). HSBC (which won the Best Bank award for Hong Kong) is excluded on the basis that it is a global bank.
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