According to the annual ranking of Global Finance Magazine, The following is the list of World’s 50 safest banks:
The methodology is based on the banks’ long term credit ratings from credit rating agencies, Moody’s, Standard & Poor’s and Fitch. Citigroup and Bank of America couldn’t make the list.
*Global Finance magazine August 18, 2011
| WORLD’S 50 SAFEST BANKS | |||
| 1 | KfW(Germany) | 26 | United Overseas Bank(Singapore) |
| 2 | Caisse des Dépôts et Consignations (CDC)(France) | 27 | Crédit Lyonnais(France) |
| 3 | Bank Nederlandse Gemeenten (BNG)(Netherlands) | 28 | Pohjola Bank(Finland) |
| 4 | Zürcher Kantonalbank(Switzerland) | 29 | Credit Suisse Group(Switzerland) |
| 5 | Landwirtschaftliche Rentenbank(Germany) | 30 | BMO Financial Group(Canada) |
| 6 | Rabobank Group(Netherlands) | Tie*31 | Cassa Depositi e Prestiti(Italy) |
| Tie*7 | Landesbank Baden-Württemberg – Förderbank(Germany) | Tie*31 | CIBC(Canada) |
| Tie*7 | Nederlandse Waterschapsbank(Netherlands) | 32 | Banco Español de Crédito (Banesto)(Spain) |
| 8 | Banque et Caisse d’Épargne de l’État(Luxembourg) | 33 | Deutsche Bank(Germany) |
| 9 | NRW.Bank(Germany) | 34 | JPMorgan Chase(United States) |
| 10 | Banco Santander(Spain) | 35 | Société Générale(France) |
| 11 | Royal Bank of Canada(Canada) | 36 | Wells Fargo(United States) |
| Tie*12 | National Australia Bank Limited(Australia) | 37 | Intesa Sanpaolo(Italy) |
| Tie*12 | Commonwealth Bank of Australia(Australia) | 38 | China Development Bank(China) |
| 13 | Toronto-Dominion Bank (TD Bank)(Canada) | Tie*39 | Banque Fédérative du Crédit Mutuel (BFCM)(France) |
| 14 | Westpac Banking Corporation(Australia) | Tie*39 | Landesbank Baden-Württemberg(Germany) |
| 15 | BNP Paribas(France) | 40 | U.S. Bancorp(United States) |
| 16 | HSBC Holdings(United Kingdom) | 41 | Nationwide Building Society(United Kingdom) |
| 17 | Banco Bilbao Vizcaya Argentaria (BBVA)(Spain) | 42 | Agricultural Development Bank of China(China) |
| Tie*18 | Scotiabank (Bank of Nova Scotia)(Canada) | 43 | Shizuoka Bank(Japan) |
| Tie*18 | Australia and New Zealand Banking Group(Australia) | 44 | Northern Trust Corporation(United States) |
| 19 | DBS Bank(Singapore) | 45 | CoBank, ACB(United States) |
| 20 | Caisse centrale Desjardins(Canada) | 46 | National Bank of Abu Dhabi(United Arab Emirates) |
| 21 | Crédit Agricole(France) | 47 | National Bank of Kuwait(Kuwait) |
| 22 | Nordea Bank(Sweden) | 48 | Pictet & Cie(Switzerland) |
| 23 | Svenska Handelsbanken(Sweden) | 49 | Barclays Group(United Kingdom) |
| 24 | BNY Mellon(United States) | 50 | Bank of Tokyo-Mitsubishi UFJ(Japan) |
| 25 | Oversea-Chinese Banking Corporation(Singapore) | ||
*A tie is assigned when two banks with the same score have total assets withina $5 billion range.
PR date: Global Finance magazine August 18, 2011