World's Best Internet Banks 2007

Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in Asia. Winners were chosen among entries evaluated by a world-class judging panel consisting of representatives from Tata Consultancy Services Ltd. Global Finance editors were responsible for the final selection of winners in the First Round.

Winning banks were selected based on the following criteria: strength of strategy for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web site design and functionality. Category winners, such as “best online cash management” were selected based on the relative strength and success of those web products and services.

See following for full listings of the World’s Best Internet Banks First Round winners for 2007 in Asia:

Country Winners:

Best Consumer Internet Banks:

Australia: ANZ Bank

Brunei: HSBC

China: Industrial and Commercial Bank of China (ICBC)

Guam: Citigroup

Hong Kong: HSBC

India: ICICI Bank Ltd

Indonesia: Citigroup

Korea: HSBC

Kyrgyz Republic: AsiaUniversalBank (AUB)

Malaysia: Citigroup

Pakistan: Citigroup

Philippines: Bank of the Philippine Islands (BPI)

Singapore: DBS Bank

Sri Lanka: HSBC

Taiwan: Chinatrust Commercial Bank

Thailand: Citigroup

Regional Sub-Category Winners:

Best Consumer Internet Banks:

Best Web Site Design: Commonwealth Bank of Australia

Best Integrated Consumer Bank Site: HSBC

Best Investment Management Services: HSBC

Best Online Consumer Credit Site: Citigroup

Best Onlilne Deposits Acquisition:

Industrial and Commercial Bank of China (ICBC)

Best Bill Payment & Presentment: ICICI Bank Ltd

Best Information Security Initiatives: Citigroup

Best Corporate/Institutional Internet Banks:

Australia: Citigroup

Bangladesh: Standard Chartered

China: HSBC

Hong Kong: Standard Chartered

India: ICICI Bank Ltd

Indonesia: Citigroup

Japan: Citigroup

Kazakhstan: Citigroup

Korea: Standard Chartered

Kyrgyz Republic: AsiaUniversalBank (AUB)

Malaysia: HSBC

Nepal: Standard Chartered

New Zealand: Citigroup

Pakistan: Standard Chartered

Philippines: Citigroup

Singapore: Citigroup

Sri Lanka: Citigroup

Taiwan: Chinatrust Commercial Bank

Thailand: Citigroup

Vietnam: Citigroup

Best Corporate/Institutional Internet Banks:

Best Web Site Design: Standard Chartered

Best Integrated Corporate Bank Site: HSBC

Best Investment Management Services: Citigroup

Best Online Cash Management Site: HSBC

Best Trade Finance Services: Standard Chartered

Best Information Security Initiatives: JPMorgan Chase

Source: IndiaPRWire