In commercial rankings, which exclude government-supported entities, DZ knocks Toronto-Dominion from the top slot.

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Our annual look at the safest banks in the commercial space shows Germany’s DZ bank replacing TD Bank as the world’s safest commercial bank as result of the Canadian bank’s one-notch downgrade by Moody’s in May.

The first six banks on the list are tied with 23 points each, representing two ratings of AA and one of AA-, or an equivalent configuration. DZ is the largest and therefore ranks first, in line with our methodology of ranking banks with the same score by asset size, reflecting the strong positive correlation between asset size and high ratings.

The three big Singaporean banks—DBS, Oversea-Chinese Bank and United Overseas Bank—rank second, fourth and fifth. Sweden’s Svenska Handelsbanken places third.

No commercial bank enjoys an AAA rating from any of the agencies, and only Moody’s has assigned ratings of AA+ (Aa1 in Moody’s notation). Svenska Handelsbanken and RBC are the only banks receiving a AA rating from Fitch.

Global Finance’s ranking of the world’s safest commercial banks excludes banks that are majority-owned by governments or that enjoy sponsorship from their governments or regional bodies.

European banks contribute 19 of the 50 safest commercial banks. This is fewer than the 25 that Europe contributes to the Global Top 50 rankings, but nonetheless shows that strong European banks are not primarily a result of state ownership or sponsorship.

However, the removal of those state-owned/sponsored banks—which include the nine highest-ranked banks in the global list—does open the way for some banks that do not score highly enough for inclusion in the Global Top 50. Nine US banks feature among the 50 Safest Commercial Banks, compared to only five in the global list. Five Australian banks feature in the commercial list, compared to four in the global list. One Japanese bank, Bank of Tokyo-Mitsubishi, slides into the commercial ranking in 50th place.

In contrast, China contributes no banks to the safest-commercial ranking. The two Chinese banks in the global list are both state owned, and none of the privately owned Chinese banks come close to scoring highly enough for inclusion in the 50 Safest Commercial Banks. South Korea contributes one bank to the commercial rankings, compared to three for the global ranking.

One Latin American bank scores highly enough for inclusion—Banco Santander Chile at 45th, with a score of 18.

A score of 17 is the minimum requirement for inclusion in this year’s commercial-bank rankings, equivalent to two ratings of A+ and one of A. However, a score of 17 was not in itself sufficient. Three banks scoring 17 occupy the final positions in the ranking; eleven other banks, including Banco de Chile, scored 17 points but had fewer assets. 

 

THE 50 SAFEST COMMERCIAL BANKS

Rank

Group Name

Country

Ratings

Total Score

Assets

$ mn

Statement

Date

Fitch

Moody’s

S&P

1

DZ Bank

Germany

AA-

Aa1

AA-

23

536,995

12/31/16

2

DBS Bank

Singapore

AA-

Aa1

AA-

23

332,967

12/31/16

3

Svenska Handelsbanken

Sweden

AA

Aa2

AA-

23

289,949

12/31/16

4

OCBC Bank

Singapore

AA-

Aa1

AA-

23

283,402

12/31/16

5

United Overseas Bank

Singapore

AA-

Aa1

AA-

23

235,102

12/31/16

6

Deutsche Apotheker- und Ärztebank

Germany

AA-

Aa1

AA-

23

40,661

12/31/16

7

TD Bank

Canada

AA-

Aa2

AA-

22

878,137

10/31/16

8

Pictet & Cie

Switzerland

AA-

Aa2

N/R

21.5

34,092

12/31/15

9

Royal Bank of Canada

Canada

AA

A1

AA-

21

880,592

10/31/16

10

Rabobank

Netherlands

AA-

Aa2

A+

21

698,422

12/31/16

11

ANZ Group

Australia

AA-

Aa3

AA-

21

698,054

9/30/16

12

Commonwealth Bank of Australia

Australia

AA-

Aa3

AA-

21

692,914

6/30/16

13

Nordea

Sweden

AA-

Aa3

AA-

21

648,950

12/31/16

14

Westpac

Australia

AA-

Aa3

AA-

21

640,319

9/30/16

15

National Australia Bank

Australia

AA-

Aa3

AA-

21

593,333

9/30/16

16

Swedbank

Sweden

AA-

Aa3

AA-

21

237,713

12/31/16

17

First Abu Dhabi Bank

UAE

AA-

Aa3

AA-

21

185,799

12/31/16

18

Hang Seng Bank

Hong Kong

A+

Aa2

AA-

21

177,617

12/31/16

19

AgriBank

United States

AA-

Aa3

AA-

21

102,563

12/31/16

20

Fédération des Caisses Desjardins

Canada

AA-

Aa2

A+

21

100,289

12/31/16

21

U.S. Bancorp

United States

AA

A1

A+

20

445,964

12/31/16

22

SEB

Sweden

AA-

Aa3

A+

20

289,184

12/31/16

23

DNB

Norway

N/R

Aa2

A+

20

281,136

9/30/16

24

HSBC France

France

AA-

A1

AA-

20

178,584

12/31/16

25

CoBank

United States

AA-

N/R

AA-

20

126,131

12/31/16

26

National Bank of Kuwait

Kuwait

AA-

Aa3

A+

20

79,073

12/31/16

27

OP Corporate Bank

Finland

N/R

Aa3

AA-

20

65,256

9/30/16

28

AgFirst

United States

AA-

N/R

AA-

20

32,058

12/31/16

29

LGT Bank

Liechtenstein

N/R

Aa2

A+

20

29,079

12/31/16

30

Farm Credit Bank of Texas

United States

AA-

Aa3

N/R

20

21,222

12/31/16

31

Bank für Sozialwirtschaft

Germany

AA-

N/R

AA-

20

8,982

12/31/16

32

Scotiabank

Canada

AA-

A1

A+

19

668,706

10/31/16

33

Bank of Montreal

Canada

AA-

A1

A+

19

513,269

10/31/16

34

CIBC

Canada

AA-

A1

A+

19

374,063

10/31/16

35

Qatar National Bank

Qatar

AA-

Aa3

A

19

197,718

12/31/16

36

HSBC Holdings

United Kingdom

AA-

A1

A

18

2,374,986

12/31/16

37

UBS

Switzerland

A

Aa3

A+

18

998,995

12/31/16

38

ING 

Netherlands

A+

A1

A+

18

889,553

12/31/16

39

Banque Fédérative du Crédit Mutuel

France

A+

Aa3

A

18

517,913

12/31/16

40

BNY Mellon

United States

AA-

A1

A

18

333,469

12/31/16

41

Nationwide Building Society

United Kingdom

A+

Aa3

A

18

275,935

4/04/16

42

Shinhan Bank

South Korea

A

Aa3

A+

18

250,604

12/31/16

43

State Street

United States

AA-

A1

A

18

242,698

12/31/16

44

Northern Trust

United States

AA-

A2

A+

18

123,927

12/31/16

45

Banco Santander Chile

Chile

A+

Aa3

A

18

55,493

12/31/16

46

Suncorp-Metway

Australia

A+

A1

A+

18

47,242

6/30/16

47

Kiwibank

New Zealand

AA-

A1

A

18

13,743

6/30/16

48

BNP Paribas

France

A+

A1

A

17

2,189,268

12/31/16

49

Wells Fargo

United States

AA-

A2

A

17

1,930,115

12/31/16

50

Bank of Tokyo-Mitsubishi

Japan

A

A1

A+

17

1,903,411

3/31/16

Note: Ratings valid on July 31, 2017

Our annual look at the safest banks in the commercial space shows Germany’s DZ bank replacing TD Bank as the world’s safest commercial bank as result of the Canadian bank’s one-notch downgrade by Moody’s in May.

The first six banks on the list are tied with 23 points each, representing two ratings of AA and one of AA-, or an equivalent configuration. DZ is the largest and therefore ranks first, in line with our methodology of ranking banks with the same score by asset size, reflecting the strong positive correlation between asset size and high ratings.

The three big Singaporean banks—DBS, Oversea-Chinese Bank and United Overseas Bank—rank second, fourth and fifth. Sweden’s Svenska Handelsbanken places third.

No commercial bank enjoys an AAA rating from any of the agencies, and only Moody’s has assigned ratings of AA+ (Aa1 in Moody’s notation). Svenska Handelsbanken and RBC are the only banks receiving a AA rating from Fitch.

Global Finance’s ranking of the world’s safest commercial banks excludes banks that are majority-owned by governments or that enjoy sponsorship from their governments or regional bodies.

European banks contribute 19 of the 50 safest commercial banks. This is fewer than the 25 that Europe contributes to the Global Top 50 rankings, but nonetheless shows that strong European banks are not primarily a result of state ownership or sponsorship.

However, the removal of those state-owned/sponsored banks—which include the nine highest-ranked banks in the global list—does open the way for some banks that do not score highly enough for inclusion in the Global Top 50. Nine US banks feature among the 50 Safest Commercial Banks, compared to only five in the global list. Five Australian banks feature in the commercial list, compared to four in the global list. One Japanese bank, Bank of Tokyo-Mitsubishi, slides into the commercial ranking in 50th place.

In contrast, China contributes no banks to the safest-commercial ranking. The two Chinese banks in the global list are both state owned, and none of the privately owned Chinese banks come close to scoring highly enough for inclusion in the 50 Safest Commercial Banks. South Korea contributes one bank to the commercial rankings, compared to three for the global ranking.

One Latin American bank scores highly enough for inclusion—Banco Santander Chile at 45th, with a score of 18.

A score of 17 is the minimum requirement for inclusion in this year’s commercial-bank rankings, equivalent to two ratings of A+ and one of A. However, a score of 17 was not in itself sufficient. Three banks scoring 17 occupy the final positions in the ranking; eleven other banks, including Banco de Chile, scored 17 points but had fewer assets. n

 

THE 50 SAFEST COMMERCIAL BANKS

Rank

Group Name

Country

Ratings

Total Score

Assets

$ mn

Statement

Date

Fitch

Moody’s

S&P

1

DZ Bank

Germany

AA-

Aa1

AA-

23

536,995

12/31/16

2

DBS Bank

Singapore

AA-

Aa1

AA-

23

332,967

12/31/16

3

Svenska Handelsbanken

Sweden

AA

Aa2

AA-

23

289,949

12/31/16

4

OCBC Bank

Singapore

AA-

Aa1

AA-

23

283,402

12/31/16

5

United Overseas Bank

Singapore

AA-

Aa1

AA-

23

235,102

12/31/16

6

Deutsche Apotheker- und Ärztebank

Germany

AA-

Aa1

AA-

23

40,661

12/31/16

7

TD Bank

Canada

AA-

Aa2

AA-

22

878,137

10/31/16

8

Pictet & Cie

Switzerland

AA-

Aa2

N/R

21.5

34,092

12/31/15

9

Royal Bank of Canada

Canada

AA

A1

AA-

21

880,592

10/31/16

10

Rabobank

Netherlands

AA-

Aa2

A+

21

698,422

12/31/16

11

ANZ Group

Australia

AA-

Aa3

AA-

21

698,054

9/30/16

12

Commonwealth Bank of Australia

Australia

AA-

Aa3

AA-

21

692,914

6/30/16

13

Nordea

Sweden

AA-

Aa3

AA-

21

648,950

12/31/16

14

Westpac

Australia

AA-

Aa3

AA-

21

640,319

9/30/16

15

National Australia Bank

Australia

AA-

Aa3

AA-

21

593,333

9/30/16

16

Swedbank

Sweden

AA-

Aa3

AA-

21

237,713

12/31/16

17

First Abu Dhabi Bank

UAE

AA-

Aa3

AA-

21

185,799

12/31/16

18

Hang Seng Bank

Hong Kong

A+

Aa2

AA-

21

177,617

12/31/16

19

AgriBank

United States

AA-

Aa3

AA-

21

102,563

12/31/16

20

Fédération des Caisses Desjardins

Canada

AA-

Aa2

A+

21

100,289

12/31/16

21

U.S. Bancorp

United States

AA

A1

A+

20

445,964

12/31/16

22

SEB

Sweden

AA-

Aa3

A+

20

289,184

12/31/16

23

DNB

Norway

N/R

Aa2

A+

20

281,136

9/30/16

24

HSBC France

France

AA-

A1

AA-

20

178,584

12/31/16

25

CoBank

United States

AA-

N/R

AA-

20

126,131

12/31/16

26

National Bank of Kuwait

Kuwait

AA-

Aa3

A+

20

79,073

12/31/16

27

OP Corporate Bank

Finland

N/R

Aa3

AA-

20

65,256

9/30/16

28

AgFirst

United States

AA-

N/R

AA-

20

32,058

12/31/16

29

LGT Bank

Liechtenstein

N/R

Aa2

A+

20

29,079

12/31/16

30

Farm Credit Bank of Texas

United States

AA-

Aa3

N/R

20

21,222

12/31/16

31

Bank für Sozialwirtschaft

Germany

AA-

N/R

AA-

20

8,982

12/31/16

32

Scotiabank

Canada

AA-

A1

A+

19

668,706

10/31/16

33

Bank of Montreal

Canada

AA-

A1

A+

19

513,269

10/31/16

34

CIBC

Canada

AA-

A1

A+

19

374,063

10/31/16

35

Qatar National Bank

Qatar

AA-

Aa3

A

19

197,718

12/31/16

36

HSBC Holdings

United Kingdom

AA-

A1

A

18

2,374,986

12/31/16

37

UBS

Switzerland

A

Aa3

A+

18

998,995

12/31/16

38

ING 

Netherlands

A+

A1

A+

18

889,553

12/31/16

39

Banque Fédérative du Crédit Mutuel

France

A+

Aa3

A

18

517,913

12/31/16

40

BNY Mellon

United States

AA-

A1

A

18

333,469

12/31/16

41

Nationwide Building Society

United Kingdom

A+

Aa3

A

18

275,935

4/04/16

42

Shinhan Bank

South Korea

A

Aa3

A+

18

250,604

12/31/16

43

State Street

United States

AA-

A1

A

18

242,698

12/31/16

44

Northern Trust

United States

AA-

A2

A+

18

123,927

12/31/16

45

Banco Santander Chile

Chile

A+

Aa3

A

18

55,493

12/31/16

46

Suncorp-Metway

Australia

A+

A1

A+

18

47,242

6/30/16

47

Kiwibank

New Zealand

AA-

A1

A

18

13,743

6/30/16

48

BNP Paribas

France

A+

A1

A

17

2,189,268

12/31/16

49

Wells Fargo

United States

AA-

A2

A

17

1,930,115

12/31/16

50

Bank of Tokyo-Mitsubishi

Japan

A

A1

A+

17

1,903,411

3/31/16

Note: Ratings valid on July 31, 2017