Global Finance, the prestigious international financial magazine, has ranked UNB among the Top 50 Safest Banks. UNB ranks as the 22nd safest bank in the Emerging Markets for 2015.
Global Finance’s annual ranking of the 50 Safest Banks is a recognized and trusted standard of financial counterparty safety for 24 years; the ranking highlights those banks that have built strong foundations providing safety and security in this rapidly-changing market landscape.
Mr. Ajay Dilip Bhuptani, EVP, Head of International & Investment Banking at UNB commented: “We are very proud to once again be listed among the 50 Safest Banks in the Emerging Markets. This reflects the successful execution of our strategy and our continuous focus on safety”.
“UNB recognition as one of the safest banks by Global Finance is a result of our commitment towards excellence, innovation and continued efforts to provide customers with outstanding financial services. A pronounced adherence to service leadership has always been hallmarks of UNB and these factors will continue to be strong differentiators in the years ahead as we continue to provide innovative products and safe services to our customers”. Mr. Bhuptani added.
Global Finance evaluates the ratings and total assets of the main players in developing economies to create the rankings, and providing an overview of the key banks in each region and which financial institutions offer the greatest security. Banks were selected through an evaluation of long-term foreign currency ratings, from Moody’s, Standard & Poor’s and Fitch Ratings, and total assets of the 500 largest banks in emerging markets.