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10. Bank of Taiwan

Country: Taiwan
Total assets: $129.8 billion

The Bank of Taiwan is the highest-ranked Taiwanese bank in the top 50 rankings of the safest banks in emerging markets, but is one of six banks from the country to make the list.

The bank was founded in 1946 as the first state-owned bank following the island's restoration to the Republic of China in 1945. In its early years, the Bank of Taiwan carried out many functions of a central bank, like issuing currency, until the Central Bank of China in Taiwan was re-established in 1961. At the end of 2011, the bank's assets totaled $131 billion but have since fallen to under $130 billion as of November 2012. It still makes it the largest bank in Taiwan based on assets.

Bank of Taiwan is rated A by Standard & Poor's and Aa3 by Moody's and has the highest credit rating among all the country's major banks.


Photo: Maurice Tsai | Bloomberg | Getty Images