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World’s 50 Safest Banks in 2011

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.

Bank of America Corp (NYSE:BAC)

*Global Finance magazine August 18, 2011

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