Industry Surveys
European Banks Dominate Top Of World's Safest Banks' Rankings; Canadians Also Shine
Despite all the travails of the eurozone in recent years,
European banks dominate the top part of a ranking of the world’s
“safest banks”,
with KfW of Germany in first place, while the highest-scoring
North America
bank is Canada’s TD Bank Group,
while the highest-rated US
bank is BNY Mellon, ranked at 31.
The figures come from Global Finance, the publication, in
its 22nd annual ranking of the world’s 50 most robust
banks. The
data may be suggestive that some risks have moved eastwards, the
publication said.
“Canadian banks are once again the best performing in North
America, with six banks in the top 50. But now US
institutions are catching up, also boasting six banks in the top
50. Banks from
Singapore are the strongest
in Asia, as are those from Chile
in Latin America. Once again the safest banks
in Europe have explicit guarantees from
AAA-rated governments. Development banks represent a large
contingent of the
Top 50,” the publication said.
The ranking are as follows:
Rank Group Name Country
1 KfW Germany
2 Bank
Nederlandse Gemeenten
Netherlands
3 Zürcher
Kantonalbank
Switzerland
4
Landwirtschaftliche
Rentenbank
Germany
5 L-Bank Germany
6
Nederlandse
Waterschapsbank
Netherlands
7 Caisse des
Dépôts et Consignations France
8 NRW.Bank Germany
9 Banque et
Caisse d’Epargne de l’Etat Luxembourg
10 Rabobank Netherlands
11 TD Bank Group
Canada
12 DBS Bank Singapore
13 Oversea-Chinese
Banking Corp
Singapore
14 United
Overseas Bank
Singapore
15 Royal Bank of
Canada
Canada
16 National
Australia Bank
Australia
17 Commonwealth
Bank of Australia Australia
18 Westpac Australia
19 ANZ Group Australia
20 Nordea Sweden
21 Bank of Nova Scotia Canada
22 Svenska
Handelsbanken
Sweden
23 Hang Seng
Bank
Hong
Kong
24 Caisse
centrale Desjardins
Canada
25 HSBC United Kingdom
26 Sparkassen-Finanzgruppe Germany
27 China
Development Bank
China
28 Bank of Montreal Canada
29 CIBC Canada
30 Agricultural
Development Bank of China China
31 BNY Mellon United States
32 Pohjola Finland
33 CoBank United States
34 AgriBank United States
35 National Bank
of Abu Dhabi
UAE
36 Korea Finance
Corporation
South Korea
37 National Bank
of Kuwait
Kuwait
38 BancoEstado Chile
39 AgFirst United States
40 DZ Bank Germany
41 U.S. Bancorp United States
42 Industrial
Bank of Korea
South Korea
43 Korea
Development Bank
South Korea
44 Qatar
National Bank
Qatar
45 Northern
Trust
United States
46 Samba
Financial Group
Saudi Arabia
47 Bank of Taiwan Taiwan
48 Banco de
Chile
Chile
49 LGT Bank Liechtenstein
50 Bank of
Tokyo-Mitsubishi UFJ
Japan
Winners were selected through an evaluation of long-term
credit ratings - from Moody’s, Standard & Poor’s and Fitch - and
total
assets of the 500 largest banks worldwide.
