WORLD’S 50 SAFEST BANKS 2011
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Global Finance names the World’s 50 Safest Banks 2011

 

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NEW YORK, August 18, 2011 – Bank stability is an ever-more pressing concern for the world’s corporations and investors. It is within this context that Global Finance announces it’s 20th Annual Ranking of the World’s 50 Safest Banks.

 

The sovereign debt crisis is still raging in Europe and renewed fears of contagion from southern European countries is affecting banking and market outlooks throughout Europe.Global political instability is also in the spotlight—from the upheavals in the Middle East and Africa to the US debt downgrade by Standard & Poor’s, companies are watching closely to see how these events are affecting their counterparties.

 

With more than 40 of the top 50 banks from last year once again making the list, the Global Finance ranking shows that most of the top echelon of banks are truly worthy of the moniker World’s Safest Bank. 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.

 

Global Finance’s annual ranking of World’s 50 Safest Banks is a recognized and trusted standard of creditworthiness for the entire financial world. “Counterparty creditworthiness is a critical issue for companies and investors worldwide,” says Global Finance publisher Joseph D. Giarraputo. “More than ever, companies around the world are reevaluating the long-term credit strength of their banks, and partnering with only those banks that have proven strength and stability.”

 

This exclusive survey will be published in the October issue of Global Finance. The banks ranked 1-10 will be presented awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Washington in September.

 

For editorial information please contact: Andrea Fiano, Editor, email: afiano@gfmag.com

 

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

Landeskreditbank 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

Ratings as of: August 11, 2011