Digging Deep

Author: Andrew Cunningham

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SAFEST BANKS BY COUNTRY 2014

North America

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Canada

TD Bank Group

AA-

Aa1

AA-

23

824,916

10/31/13

United States

CoBank

AA-

N/R

AA-

20

97,644

12/31/13

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South America

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Argentina

Banco Macro

CCC

Caa2

N/R

-23.5

9,121

12/31/13

Bermuda

Butterfield Bank

A-

A3

BBB+

11

8,871

12/31/13

Bolivia

Banco Mercantil Santa Cruz

N/R

B1

BB-

-11.5

2,627

12/31/13

Brazil

Itaú Unibanco

BBB+

Baa2

BBB-

6

438,641

12/31/13

Chile

BancoEstado

A+

Aa3

AA-

20

48,802

12/31/13

Colombia

BBVA Colombia

BBB+

Baa2

N/R

6

18,139

12/1/13

Costa Rica

Banco Nacional De Costa Rica

BB+

Baa3

N/R

-1

10,159

12/31/13

Dominican Republic

Banco de Reservas

B

B2

N/R

-16

7,236

12/31/13

Ecuador

Banco Pichincha

B

N/R

N/R

-18

11,468

12/31/12

El Salvador

Banco Agrícola

BB+

N/R

BB-

-7

3,943

12/31/13

Guatamala

Banco Industrial

BB

Ba2

BB

-6

9,349

12/31/13

Jamaica

National Commercial Bank Jamaica

B-

N/R

B-

-19

4,326

9/30/13

Mexico

HSBC Mexico

A

A3

BBB+

12

39,068

12/31/13

Panama

Bladex

BBB+

Baa2

BBB

7

7,471

12/31/13

Paraguay

Banco Continental

N/R

Ba3

BB

-8.5

2,886

12/31/13

Peru

Banco de Crédito BCP

A-

Baa1

BBB+

10

35,042

12/31/13

Trinidad & Tobago

First Citizens Bank

N/R

Baa1

BBB+

8

5,614

6/30/14

Venezuela

Banesco Banco Universal

B

N/R

N/R

-18

35,627

12/31/13

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Western Europe

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Andorra

Crèdit Andorrà

A-

N/R

N/R

9

7,831

12/31/13

Austria

Raiffeisen Bank International

A

A3

A-

13

180,168

12/31/13

Belgium

KBC

A-

A2

A

14

287,833

12/31/13

Cyprus

Hellenic Bank

CCC

Caa3

N/R

-25

8,797

12/31/13

Denmark

Danske Bank

A

Baa1

A

13

596,201

12/31/13

Finland

Pohjola Bank

A+

Aa3

AA-

20

60,295

12/31/13

France

Caisse des Dépôts et Consignations

AA+

Aa1

AA

26

197,337

12/31/13

Germany

KfW

AAA

Aaa

AAA

30

640,953

12/31/13

Greece

National Bank of Greece

B-

Caa1

CCC+

-20

152,986

12/31/13

Iceland

Landsbankinn

N/R

N/R

BB+

-6

9,931

12/31/13

Ireland

Bank of Ireland

BBB

Ba2

BB+

-3

182,233

12/31/13

Italy

UniCredit

BBB+

Baa2

BBB

7

1,166,513

12/31/13

Liechtenstein

LGT Bank*

N/R

A1

A+

17

28,258

12/31/13

Luxembourg

Banque et Caisse d’Epargne de l’Etat

N/R

Aa1

AA+

26

56,102

12/31/13

Malta

Bank of Valletta

BBB+

N/R

N/R

6

9,801

9/30/13

Netherlands

Bank Nederlandse Gemeenten

AAA

Aaa

AA+

29

180,917

12/31/13

Norway

DnB

N/R

A1

A+

17

351,217

12/31/13

Portugal

Banco Santander Totta

BBB

Ba1

BB

-1

155,789

12/31/13

Spain

Santander

A-

Baa1

BBB+

10

1,538,599

12/31/13

Sweden

Nordea

AA-

Aa3

AA-

21

869,444

12/31/13

Switzerland

Zürcher Kantonalbank

AAA

Aaa

AAA

30

167,927

12/31/13

United Kingdom

HSBC

AA-

Aa3

A+

20

2,671,318

12/31/13

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Central & Eastern Europe

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Albania

Credins Bank

N/R

B2

N/R

-18

1,039

12/31/13

Armenia

Ardshininvestbank

N/R

Ba3

N/R

-8

665

12/31/13

Azerbaijan

International Bank of Azerbaijan

BB

Ba3

N/R

-8.5

9,791

12/31/13

Belarus

Belarusbank

B-

Caa1

B-

-19

14,961

12/31/13

Bulgaria

Societe Generale Expressbank

BBB+

N/R

N/R

6

2,785

12/31/13

Croatia

Zagrebačka banka

BBB-

N/R

BB

-3

22,297

12/31/13

Czech Republic

Česká spořitelna

A

A2

A-

14

48,694

12/31/13

Georgia

Bank of Georgia

BB-

B1

BB-

-13

3,758

12/31/13

Hungary

OTP Bank

N/R

Ba2

BB

-7

48,151

12/31/13

Kazakhstan

Development Bank of Kazakhstan

BBB

Baa3

BBB+

6

6,584

12/31/13

Latvia

Citadele banka

N/R

B2

N/R

-18

3,502

12/31/13

Lithuania

Šiaulių bankas

N/R

B1

N/R

-15

2129

12/31/13

Poland

PKO Bank Polski*

N/R

A2

A-

12.5

66,026

12/31/13

Romania

BRD - Groupe Société Générale

BBB+

Ba2

N/R

0.5

14,743

12/31/13

Russia

Sberbank

BBB

Baa1

N/R

6.5

556,393

12/31/13

Slovak Republic

VÚB banka

N/R

A3

N/R

9

16,134

12/31/13

Slovenia

Banka Koper

BBB

N/R

N/R

3

3,226

12/31/13

Turkey

Türk Ekonomi Bankası

BBB

Baa3

N/R

3.5

26,125

12/31/13

Ukraine

Ukrsotsbank

CCC

N/R

N/R

-24

5,055

6/30/13

Uzbekistan

Ipoteka Bank

N/R

B2

B+

-14.5

1331

12/31/13

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Asia

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Brunei

Baiduri Bank

N/R

N/R

BBB+

6

1,570

12/31/13

Cambodia

Acleda Bank

N/R

N/R

B

-18

1,408

12/31/13

China

China Development Bank

A+

Aa3

AA-

20

1,341,642

12/31/13

Hong Kong

Hang Seng Bank

A+

Aa2

AA-

21

147,511

12/31/13

India

State Bank of India

BBB-

Baa3

BBB-

3

398,667

3/31/14

Indonesia

Bank Mandiri

BBB-

Baa3

BB+

1

60,144

12/31/13

Japan

Bank of Tokyo-Mitsubishi UFJ*

A

Aa3

A+

18

1,889,476

9/30/13

Korea

Korea Finance Corporation

AA-

Aa3

A+

20

245,217

12/31/13

Macau

Tai Fung Bank

BBB+

N/R

N/R

6

8,728

12/31/13

Malaysia

Maybank

A-

A3

A-

12

170,789

12/31/13

Mauritius

Mauritius Commercial Bank

N/R

Baa1

N/R

6

7,783

6/30/14

Mongolia

Trade and Development Bank of Mongolia

N/R

B3

B

-17.5

3,087

12/31/13

Pakistan

Habib Bank

N/R

Caa2

N/R

-27

16,306

12/31/13

Papua New Guinea

Bank South Pacific

N/R

N/R

B+

-15

6,147

12/31/13

Philippines

Metrobank

BBB-

Baa3

N/R

2

31,039

12/31/13

Singapore

DBS Bank

AA-

Aa1

AA-

23

317,729

12/31/13

Sri Lanka

National Savings Bank

BB-

N/R

B+

-11.5

5,066

12/31/13

Taiwan

Bank of Taiwan*

N/R

Aa3

A+

18.5

142,745

12/31/13

Thailand

Bank of Ayudhya

A-

Baa1

BBB+

10

35,948

12/31/13

Vietnam

VietinBank

B

B2

BB-

-13

27,399

12/31/13

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Middle East

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Bahrain

Gulf International Bank

A

A3

BBB+

12

21,157

12/31/13

Egypt

National Bank of Egypt

B-

Caa2

B-

-20

52,282

6/30/13

Israel

Bank Hapoalim

A-

A2

BBB+

12

109,549

12/31/13

Jordan

Arab Bank

BBB-

B2

BB-

-7

34,561

12/31/13

Kuwait

National Bank of Kuwait

AA-

Aa3

A+

20

65,958

12/31/13

Lebanon

Bank Audi

B

B1

B-

-15

36,191

12/31/13

Morocco

Attijariwafa Bank

BB+

N/R

BB

-5.5

47,307

12/31/13

Oman

BankMuscat

A-

A1

A-

14

22,072

12/31/13

Qatar

Qatar National Bank

A+

Aa3

A+

19

121,837

12/31/13

Saudi Arabia

Samba Financial Group

A+

Aa3

A+

19

54,676

12/31/13

Tunisia

Arab Tunisian Bank

BB

B1

B

-11

2,999

12/31/12

UAE

National Bank of Abu Dhabi

AA-

Aa3

AA-

21

88,512

12/31/13

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Sub-Saharan Africa

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Angola

Banco Angolano de Investimentos

B+

Ba3

N/R

-11.5

10,657

12/31/13

Ghana

GCB Bank

N/R

B3

N/R

-21

1,440

12/31/13

Nigeria

FirstBank of Nigeria

B+

N/R

BB-

-11.5

24,158

12/31/13

South Africa

Standard Bank

BBB

Baa1

BBB-

6

96,843

12/31/13

Togo

Ecobank Togo

B-

N/R

N/R

-21

22,533

12/31/13

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Australasia

Country
Bank
Fitch
Moody’s
S&P
Total Score
Reporting Assets $mn
Statement Date

Australia

National Australia Bank

AA-

Aa2

AA-

22

752,585

9/30/13

New Zealand

Kiwibank

AA

Aa3

A+

21

11,839

6/30/13

  • Souce for Reporting Assets: Fitch Solutions, except for * Moody’s Investors Service, and ** bank’s financial reports.  
  • Ratings current as of August 14, 2014