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In an earlier post, we looked at the best banks in Latin America based on rankings by Global Finance magazine. The table below lists the best banks in Asia for 2011:

S.No. Country Winning Bank
1 Armenia HSBC Bank Armenia
2 Azerbaijan AccessBank
3 Bangladesh AB Bank
4 China ICBC
5 Georgia Bank of Georgia
6 India HDFC Bank
7 Indonesia PT Bank Central Asia
8 Kazakhstan Halyk Bank
9 Kyrgyz Republic Demir Kyrgyz
10 Macau ICBC Macau
11 Malaysia Maybank
12 Mongolia Khan Bank
13 Pakistan National Bank of Pakistan
14 Philippines Bank of the Philippine Islands
15 South Korea Shinhan Bank
16 Sri Lanka Commerical Bank of Ceylon
17 Taiwan Chinatrust Commercial Bank
18 Thailand Siam Commerical Bank
19 Uzbekistan Credit-Standard Bank
20 Vietnam Asia Commercial Bank

Source: Global Finance

China’s Industrial And Commercial Bank Of China Ltd a.k.a. ICBC trades on the OTC market under the ticker OTCPK:IDCBF and has a dividend yield of 2.92%. India’s HDFC Bank (HDB) has a yield of 0.44% but has a high P/E of over 31. Malayan Banking (OTCPK:MLYBY) of Malaysia closed at $6.15 and pays a juicy dividend of 9.09%. South Korea’s Shinhan Financial Group Co (SHG) has a yield of just 0.77%.

Disclosure: No positions

Source: The Top 20 Emerging Market Banks in Asia