2003 Global Custodian Magazine Agent Banks In Emerging Markets Survey Results Published

2003 Global Custodian Magazine Agent Banks In Emerging Markets Survey Results Published

The results of the annual Global Custodian magazine survey of the clients of agent banks in the emerging markets are now available on www.globalcustodian.com. This survey, now in its fifteenth year, is based on analysis of over 3,500 responses from the cross-border and domestic clearing and custody clients of banks in 60 markets.Banks are rated by their clients in 45 separate service areas, divided into eight service categories, and the scores are then weighted, averaged and compared to decide which are the leading providers in each market. The best enjoy "top-rated" status, while those on the rise or maintaining a high standard receive "commended" status. The leading providers in each of the 60 markets in 2003 were:


Market	Top-Rated Provider(s)	Commended Provider(s)

Argentina	Citibank, Deutsche Bank	HSBC, Banco Rio (Grupo Santander)
Bahrain	None	HSBC
Bangladesh	None	Standard Chartered
Bermuda	None	None
Botswana	None	Barclays Securities Administration
Brazil	Citibank	Banco Santander, BankBoston, Deutsche Bank, HSBC
Bulgaria	None	ING Bank, RZB Group
Chile	None	Citibank
China	Citibank, HSBC, Standard Chartered	None
Colombia	None	Citibank
Croatia	None	HVB Group, RZB Group
Cyprus	None	None
Czech Republic	Citibank, HVB Group	CSOB, ING Bank
Ecuador	None	None
Egypt	None	Citibank, HSBC
Estonia	None	Hansabank
Ghana	None	None
Hungary	HVB Group	Citibank, Deutsche Bank, ING Bank, K & H Bank, RZB Group
Iceland	None	None
India	Citibank, Deutsche Bank, HSBC, Standard Chartered	None
Indonesia	Citibank, HSBC, Standard Chartered	Deutsche Bank
Israel	None	Bank Leumi
Ivory Coast	None	None
Jamaica	None	None
Jordan	None	HSBC
Kazakhstan	None	None
Kenya	None	Barclays Securities Administration
Korea	Citibank, Deutsche Bank, HSBC, Standard Chartered	None
Latvia	None	None
Lebanon	None	HSBC
Lithuania	None	None
Malaysia	Citibank, Deutsche Bank, HSBC, Standard Chartered	Maybank, United Overseas Bank
Mauritius	None	HSBC
Mexico	Banco Santander, Citibank	None
Morocco	None	Citibank
Namibia	None	None
Nigeria	None	None
Oman	None	None
Pakistan	Citibank, Standard Chartered	Deutsche Bank
Peru	None	Citibank
Philippines	Citibank, Deutsche Bank, HSBC, Standard Chartered	None
Poland	BPH BPK, Deutsche Bank, ING Bank	Bank Pekao, Citibank, Millennium Bank
Qatar	None	HSBC
Romania	None	ING Bank
Russia	None	Citibank, ING Bank
Saudi Arabia	None	None
Slovakia	None	HVB Group, ING Bank
Slovenia	None	HVB Group
Sri Lanka	None	Citibank, Deutsche Bank, HSBC, Standard Chartered
Swaziland	None	None
Taiwan	Citibank, HSBC, Standard Chartered	Deutsche Bank
Thailand	Citibank, HSBC, Standard Chartered	Bangkok Bank, DBS Thai Danu, Deutsche Bank
Tunisia	None	None
Turkey	Garanti Bank	Citibank
Ukraine	None	ING Bank
Uruguay	None	None
Venezuela	None	Citibank
Vietnam	None	None
Zambia	None	None
Zimbabwe	None	Barclays Securities Administration

The emerging markets agent bank survey includes, as it did last year, an assessment by custody consultants Thomas Murray of the quality of the local clearing, settlement and payments infrastructure in each of the 60 markets. The full survey results can be accessed at Survey Archive.