World’s 50 Safest Banks: April 2013
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Global Finance announces a half-yearly update World’s 50 Safest Banks: April 2013

 

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NEW YORK, February 26, 2013 — Bank stability is an ever-more pressing concern for the world’s companies and investors. It is within this context that Global Finance announces the half-yearly update to its ranking of the World’s 50 Safest Banks—the recognized standard of creditworthiness for the entire financial world since it was first introduced in 1992.

 

In developed markets, economic uncertainty has affected the ratings of some financial institutions, including a number of banks in Canada—which had been seen as a bastion of banking safety since the crisis began in 2007. While in emerging markets, institutions have generally held their ratings and moved up the list as some developed market banks moved down.

 

The biggest climber from the prior list published in October 2012 is BancoEstado of Chile, up six positions from 42 to 36, followed by Svenska Handelsbanken (up 5) and Nordea (up 4). Newcomers to this year’s Top 50 list include two South Korean banks (Korea Finance Corp and Industrial Bank of Korea) and Norway’s DnB. With Toronto Dominion bank having lost its Aaa rating from Moody’s, no private sector bank now holds a Triple-A rating from any of the agencies.

 

“Counterparty risk is of prime importance to global CFOs and financial executives as economic uncertainty continues to trouble global markets,” says Global Finance publisher Joseph D. Giarraputo. “Global Finance’s Safest Banks ranking provides an independent analysis of each region’s banks that companies can use as a tool to benchmark their counterparties. The institutions that top our ranking of the Safest Banks are those that have shown their strength in times of turbulence.”

 

The ranking was created through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks worldwide.

  

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

 

WORLD’S 50 SAFEST BANKS - April 2013
1 KfW 26 China Development Bank 
  (Germany)   (China)
2 Bank Nederlandse Gemeenten 27 Bank of Montreal 
  (Netherlands)   (Canada)
3 Zürcher Kantonalbank
28 CIBC
  (Switzerland)   (Canada)
4 Landwirtschaftliche Rentenbank 29 BNY Mellon
  (Germany)   (United States)
5 L-Bank 30 Agricultural Development Bank of China
  (Germany)   (China)
6 Nederlandse Waterschapsbank 31 National Bank of Abu Dhabi
  (Netherlands)   (United Arab Emirates)
7 Caisse des Dépôts et Consignations 32 CoBank, ACB
  (France)   (United States)
8 NRW.BANK 33 Korea Finance Corp
  (Germany)   (South Korea)
9 Banque et Caisse d’Epargne de l’Etat 34 Pohjola Bank
  (Luxembourg)   (Finland)
10 Rabobank 35 National Bank of Kuwait
  (Netherlands)   (Kuwait)
11 TD Bank Group 36 BancoEstado
  (Canada)   (Chile)
12 DBS Bank 37 DZ Bank
  (Singapore)   (Germany)
13 Oversea-Chinese Banking Corp 38 Banque Fédérative du Crédit Mutuel 
  (Singapore)   (France)
14 United Overseas Bank 39 U.S. Bancorp
  (Singapore)   (United States)
15 Royal Bank of Canada 40 Industrial Bank of Korea
  (Canada)   (South Korea)
16 National Australia Bank 41 Northern Trust
  (Australia)   (United States)
17 Commonwealth Bank of Australia 42 Qatar National Bank
  (Australia)   (Qatar)
18 Westpac 43 Samba Financial Group
  (Australia)   (Saudi Arabia)
19 ANZ Group 44 La Banque Postale
  (Australia)   (France)
20 Nordea 45 Bank of Taiwan
  (Sweden)   (Taiwan)
21 Bank of Nova Scotia 46 Banco de Chile
  (Canada)   (Chile)
22 Svenska Handelsbanken 47 Wells Fargo
  (Sweden)   (United States)
23 Caisse centrale Desjardins 48 Standard Chartered
  (Canada)   (United Kingdom)
24 Kiwibank 49 SEB
  (New Zealand)   (Sweden)
25 HSBC 50 DnB
(United Kingdom) (Norway)

 

Assets as of: December 31, 2011
Ratings as of: February 11, 2013