6. United Arab Emirates

Trust In Banks: 58 Percent

Distrust In Banks: 17 Percent

Overall Rank: 6

Being one of the richest countries in the world, UAE also faced financial crisis in 2008. The economy shrunk by 4.00 percent. There were many sectors like tourism, trade and the retail were affected the most.

However, the economy is improving at a slow pace; the country considers its banks safe and trustworthy.

7. Hong Kong

Trust In Banks: 43 Percent

Distrust In Banks: 9 Percent

Overall Rank: 7

Hong Kong is one of the leading financial centres in the world and it has a major capitalist service economy, which is characterized by low taxation and free trade.

When it comes to trust in financial institutions, about 43 percent of people trust their banks and about 9 percent feel that, banks in Hong Kong are not trustworthy.

8. China

Trust In Banks: 46 Percent

Distrust In Banks: 18 Percent

Overall Rank: 8

From past few years, there is a significant change in China’s banking system. Most of the banks have started working more like western banks. Even though many Chinese banks are autonomous, it still remains under the control of the government. 

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