With financial markets strengthening in most quarters, a stellar credit rating—not just a solid one—is now required to gain a place on our list of the World’s Top 50 Safest Global Banks.

Author: Andrew Cunningham

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North America

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Reporting Assets $mn

Country

1

TD Bank Group*

AA-

Aa1

AA-

23

837,909

Canada

2

Royal Bank of Canada*

AA

Aa3

AA-

22

834,191

Canada

3

Bank of Nova Scotia*

AA-

Aa2

A+

21

714,560

Canada

4

AgriBank

AA-

Aa3

AA-

21

94,425

United States

5

Caisse centrale Desjardins

AA-

Aa2

A+

21

38,213

Canada

6

Bank of Montreal*

AA-

Aa3

A+

20

522,092

Canada

7

CIBC*

AA-

Aa3

A+

20

367,985

Canada

8

CoBank

AA-

N/R

AA-

20

107,428

United States

9

AgFirst

AA-

N/R

AA-

20

29,503

United States

10

U.S. Bancorp

AA-

A1

A+

19

402,529

United States

Statement Ratings current as of 12/31/14
*Statement Ratings current as of 10/31/14
**Statement Ratings current as of 9/30/14
***Statement Ratings current as of 6/30/14

Western Europe

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Reporting Assets $mn

Country

1

KfW

AAA

Aaa

AAA

30

593,750

Germany

2

Zürcher Kantonalbank

AAA

Aaa

AAA

30

160,137

Switzerland

3

Landwirtschaftliche Rentenbank

AAA

Aaa

AAA

30

107,862

Germany

4

L-Bank

AAA

Aaa

AAA

30

84,680

Germany

5

Bank Nederlandse Gemeenten

AA+

Aaa

AA+

28

186,360

Netherlands

6

Nederlandse Waterschapsbank

N/R

Aaa

AA+

27.5

85,718

Netherlands

7

NRW.BANK

AAA

Aa1

AA-

26

172,459

Germany

8

Caisse des Dépôts et Consignations

AA

Aa1

AA

25

181,803

France

9

Banque et Caisse d’Epargne de l’Etat

N/R

Aa2

AA+

24.5

49,868

Luxembourg

10

Société de Financement Local (SFIL)

AA-

Aa2

AA

23

106,867

France

Statement Ratings current as of 12/31/14
*Statement Ratings current as of 10/31/14
**Statement Ratings current as of 9/30/14
***Statement Ratings current as of 6/30/14

Central & Eastern Europe

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Reporting Assets $mn

Country

1

Komerční banka

A-

A2

A

14

41,747

Czech Republic

2

Česká spořitelna

A-

A2

A-

13

39,528

Czech Republic

3

Bank Pekao

A-

A2

BBB+

12

47,795

Poland

4

PKO Bank Polski

N/R

A2

BBB+

11

70,911

Poland

5

ING Bank Śląski

A-

A3

N/R

11

28,473

Poland

6

Bank Zachodni WBK

BBB+

A3

N/R

9.5

38,350

Poland

7

mBank

BBB-

Baa2

BBB

5

33,641

Poland

8

Banca Comercială Română

BBB

Ba1

N/R

0.5

16,715

Romania

Statement Ratings current as of 12/31/14
*Statement Ratings current as of 10/31/14
**Statement Ratings current as of 9/30/14
***Statement Ratings current as of 6/30/14

Latin America

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Reporting Assets $mn

Country

1

BancoEstado

A+

Aa3

AA-

20

46,291

Chile

2

Banco de Chile

N/R

Aa3

A+

18.5

45,517

Chile

3

Banco Santander Chile

A+

Aa3

A

18

50,272

Chile

4

Banco de Crédito e Inversiones

A-

A1

A

15

39,297

Chile

5

HSBC México

A

A3

BBB+

12

40,444

Mexico

6

Scotiabank Perú

A-

A3

BBB+

11

15,742

Peru

7

Banobras

BBB+

A3

BBB+

10

38,871

Mexico

8

Banco de Crédito BCP

A-

Baa1

BBB+

10

38,744

Peru

9

Banco Nacional
de Comercio Exterior

BBB+

A3

BBB+

10

17,877

Mexico

10

Banco Santander (Mexico)

BBB+

A3

N/R

9.5

63,639

Mexico

Statement Ratings current as of 12/31/14
*Statement Ratings current as of 10/31/14
**Statement Ratings current as of 9/30/14
***Statement Ratings current as of 6/30/14

Asia

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Reporting Assets $mn

Country

1

DBS Bank

AA-

Aa1

AA-

23

333,510

Singapore

2

Oversea-Chinese Banking Corp

AA-

Aa1

AA-

23

303,660

Singapore

3

United Overseas Bank

AA-

Aa1

AA-

23

232,147

Singapore

4

Hang Seng Bank

A+

Aa2

AA-

21

162,980

Hong Kong

5

China Development Bank

A+

Aa3

AA-

20

1,685,954

China

6

Agricultural Development Bank of China

A+

Aa3

AA-

20

513,517

China

7

Export-Import Bank of China

A+

Aa3

AA-

20

386,953

China

8

Korea Development Bank

AA-

Aa3

A+

20

252,231

South Korea

9

Industrial Bank of Korea

AA-

Aa3

A+

20

199,910

South Korea

10

Export-Import Bank of Korea (KEXIM)

AA-

Aa3

A+

20

66,952

South Korea

Statement Ratings current as of 12/31/14
*Statement Ratings current as of 10/31/14
**Statement Ratings current as of 9/30/14
***Statement Ratings current as of 6/30/14

Middle East & Africa

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Reporting Assets $mn

Country

1

National Bank of Abu Dhabi

AA-

Aa3

AA-

21

102,409

UAE

2

Qatar National Bank

AA-

Aa3

A+

20

133,614

Qatar

3

National Bank of Kuwait

AA-

Aa3

A+

20

74,399

Kuwait

4

Samba Financial Group

A+

Aa3

A+

19

57,973

Saudi Arabia

5

National Commercial Bank

A+

A1

A+

18

115,967

Saudi Arabia

6

Al Rajhi Bank

A+

A1

A+

18

82,056

Saudi Arabia

7

Riyad Bank

A+

A1

A+

18

57,224

Saudi Arabia

8

Abu Dhabi Commercial Bank

A+

A1

A

17

55,553

UAE

9

Banque Saudi Fransi

A

Aa3

A

17

50,341

Saudi Arabia

10

SABB

A

Aa3

A

17

50,029

Saudi Arabia

Statement Ratings current as of 12/31/14
*Statement Ratings current as of 10/31/14
**Statement Ratings current as of 9/30/14
***Statement Ratings current as of 6/30/14

Australia & New Zealand

Rank

Bank

Fitch

Moody’s

S&P

Total Score

Reporting Assets $mn

Statement Date

Country

1

National Australia Bank

AA-

Aa2

AA-

22

773,062

9/30/14

Australia

2

Commonwealth Bank of Australia

AA-

Aa2

AA-

22

745,527

6/30/14

Australia

3

ANZ Group

AA-

Aa2

AA-

22

675,733

9/30/14

Australia

4

Westpac

AA-

Aa2

AA-

22

674,639

9/30/14

Australia

5

Kiwibank

AA

Aa3

A+

21

14,634

31/12/14

New Zealand

6

Suncorp Metway

A+

A1

A+

18

56,577

6/30/14

Australia

7

Bendigo and Adelaide Bank

A-

A2

A-

13

61,289

6/30/14

Australia

8

Bank of Queensland

A-

A3

A-

12

43,852

8/31/14

Australia

9

Macquarie

A-

A3

BBB

 10

143,504

3/31/15

Australia

10

ME Bank

N/R

A3

BBB+

9.5

16,838

6/30/14

Australia

Source for ratings: Fitch Ratings, Standard & Poor’s, Moody’s Investors Service
Source for Reporting Assets: Fitch Solutions