Safest Banks By Country 2015

Global Finance’s country-by-country ranking of the safest banks in the world includes eight new country leaders.

November 13, 2015

Author: Andrew Cunningham

Western Europe
Country	Bank	Fitch	Moody’s	S&P	Total Score	Reporting Assets $mn	Statement Date
Andorra	Crèdit Andorrà	BBB	N/R	N/R	3	7,524	12/31/14
Austria	Erste Bank	BBB+	Baa2	BBB+	8	238,300	12/31/14
Belgium	KBC	A-	A2	A	14	256,302	12/31/14
Cyprus	Hellenic Bank	B-	Caa2	N/R	-22	9,168	12/31/14
Denmark	Danske Bank	A	A2	A	15	564,089	12/31/14
Finland	Pohjola Bank	A+	Aa3	AA-	20	61,555	12/31/14
France	Caisse des Dépôts et Consignations	AA	Aa1	AA	25	181,803	12/31/14
Germany	KfW	AAA	Aaa	AAA	30	593,750	12/31/14
Greece	National Bank of Greece	N/R	Caa3	SD	-30	140,177	12/31/14
Iceland	Íslandsbanki	BBB-	N/R	BBB-	1	7,181	12/31/14
Ireland	Bank of Ireland	BB+	Baa2	BBB-	2	157,582	12/31/14
Italy	Cariparma	N/R	A3	N/R	9	63,377	12/31/14
Liechtenstein	LGT Bank	N/R	Aa2	A+	20	31,031	12/31/14
Luxembourg	Banque et Caisse d’Epargne de l’Etat	N/R	Aa2	AA+	24.5	49,868	12/31/14
Malta	Bank of Valletta	BBB+	N/R	N/R	6	10,440	9/30/14
Netherlands	Bank Nederlandse Gemeenten	AA+	AAA	AA+	28	186,360	12/31/14
Norway	DNB	N/R	Aa2	A+	20	356,573	12/31/14
Portugal	Banco Santander Totta	BBB	Baa3	BB	1	50,435	12/31/14
Spain	Santander	A-	A3	BBB+	10	1,537,327	12/31/14
Sweden	Svenska Handelsbanken	AA-	Aa2	AA-	22	364,072	12/31/14
Switzerland	Zürcher Kantonalbank	AAA	Aaa	AAA	30	160,137	12/31/14
United Kingdom	HSBC	AA-	A1	A	18	2,634,139	12/31/14

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	1,055	12/31/14
Armenia	Ardshininvestbank	B+	B1	N/R	-13	771	12/31/14
Azerbaijan	International Bank of Azerbaijan	BB	Ba3	N/R	-8.5	11,727	12/31/14
Belarus	Bank BelVEB	B-	N/R	B-	-19	2,063	12/31/14
Bulgaria	Societe Generale Expressbank	BBB+	N/R	N/R	6	3,038	12/31/14
Croatia	Zagrebačka banka	BBB-	N/R	BB	-2.5	19,060	12/31/14
Czech Republic	Komerční banka	A-	A2	A	14	41,747	12/31/14
Georgia	Bank of Georgia	BB-	B1	BB-	-10	4,044	12/31/14
Hungary	OTP Bank	N/R	Ba2	BB	-7	42,044	12/31/14
Kazakhstan	Development Bank of Kazakhstan	BBB	Baa3	BBB	5	7,166	12/31/14
Latvia	Citadele Banka	N/R	B1	N/R	-15	3,454	12/31/14
Lithuania	Šiaulių bankas	N/R	Ba2	N/R	-9	1,984	12/31/14
Poland	Bank Pekao	A-	A2	BBB+	12	47,795	12/31/14
Romania	BRD - Groupe Société Générale	BBB+	Ba1	N/R	2	12,443	31/12/14
Russia	Vnesheconombank	BBB-	Ba1	BB+	-1	69,071	12/31/14
Slovak Republic	VÚB banka	N/R	A2	N/R	12	14,156	12/31/14
Slovenia	Banka Koper	BBB	N/R	N/R	3	2,799	12/31/14
Turkey	Türk Ekonomi Bankası	BBB	Baa3	N/R	3.5	28,111	12/31/14
Ukraine	Ukrsotsbank	CCC	N/R	N/R	-24	3,041	12/31/14
Uzbekistan	Ipoteka Bank	N/R	B2	B+	-14.5	1,347	12/31/14

Latin America
Country	Bank	Fitch	Moody’s	S&P	Total Score	Reporting Assets $mn	Statement Date
Argentina	Banco Macro	CCC	Caa2	N/R	-23.5	8,813	12/31/14
Bermuda	Butterfield Bank	A-	A3	N/R	11	9,858	12/31/14
Bolivia	Banco Mercantil Santa Cruz	N/R	B1	BB-	-11.5	3,183	3/31/15
Brazil	Banco Bradesco	BBB+	Baa3	BBB-	5	350,373	12/31/14
Chile	BancoEstado	A+	Aa3	AA-	20	46,291	12/31/14
Colombia	BBVA Colombia	BBB+	Baa2	N/R	6.5	17,361	12/31/14
Costa Rica	Banco Nacional de Costa Rica	BB+	Ba2	N/R	-5.5	10,247	12/31/14
Dominican Republic	Banco de Reservas	B+	B2	N/R	-14.5	7,973	12/31/14
Ecuador	Banco Pichincha	B	N/R	N/R	-18	14,115	12/31/14
El Salvador	Banco Agrícola	BB	Ba2	B+	-8	3,954	3/31/15
Guatemala	Banco Industrial	BB	Ba2	BB	-6	10,358	12/31/14
Jamaica	National Commercial Bank Jamaica	B-	N/R	B	-17.5	4,438	9/30/14
Mexico	HSBC México	A	A3	BBB+	12	40,444	12/31/14
Panama	Bladex	BBB+	Baa2	BBB	7	8,205	12/31/14
Paraguay	Banco Continental	N/R	Ba2	BB	-16	3,507	3/31/15
Peru	Scotiabank Perú	A-	A3	BBB+	11	15,742	12/31/14
Trinidad and Tobago	First Citizens Bank	N/R	Baa2	BBB+	6.5	5,619	3/31/15
Uruguay	Banco de la República Oriental del Uruguay	N/R	Baa2	N/R	3	15,180	3/31/15
Venezuela	Banesco Banco Universal	CCC	N/R	N/R	-24	60,661	12/31/14

Asia
Country	Bank	Fitch	Moody’s	S&P	Total Score	Reporting Assets $mn	Statement Date
Brunei	Baiduri Bank**	N/R	N/R	BBB+	6	1,429	12/31/13
Cambodia	Acleda Bank**	N/R	N/R	B	-18	3,140	12/31/14
China	China Development Bank	A+	Aa3	AA-	20	1,685,954	12/31/14
Hong Kong	Hang Seng Bank	A+	Aa2	AA-	21	162,980	12/31/14
India	State Bank of India	BBB-	Baa3	BBB-	3	431,391	3/31/15
Indonesia	Bank Internasional Indonesia	BBB	N/R	N/R	3	11,521	12/31/14
Japan	Bank of Tokyo-Mitsubishi UFJ	A	A1	A+	17	1,752,159	3/31/15
South Korea	Korea Development Bank	AA-	Aa3	A+	20	252,231	12/31/14
Macao	Tai Fung Bank	BBB+	N/R	N/R	6	10,873	12/31/14
Malaysia	Maybank	A-	A3	A-	12	183,205	12/31/14
Mauritius	Mauritius Commercial Bank	BBB-	Baa3	N/R	2	7,966	6/30/14
Mongolia	Trade and Development Bank of Mongolia	N/R	B3	B	-17.5	2,868	12/31/14
Pakistan	Habib Bank	N/R	Caa1	N/R	-24	18,585	12/31/14
Papua and New Guinea	Bank South Pacific**	N/R	N/R	B+	-15	1,670	12/31/14
Philippines	Metrobank	BBB-	Baa2	N/R	3.5	35,963	12/31/14
Singapore	DBS Bank	AA-	Aa1	AA-	23	333,510	12/31/14
Sri Lanka	National Savings Bank	BB-	N/R	B+	-11.5	6,004	12/31/14
Taiwan	Bank of Taiwan	N/R	Aa3	A+	18.5	146,756	12/31/14
Thailand	Bank of Ayudhya	A-	Baa1	BBB+	10	36,837	12/31/14
Vietnam	VietinBank	B+	B2	BB-	-12	31,118	12/31/14

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	10,704	12/31/14
DR Congo	Rawbank	N/R	Caa1	N/R	-24	1,593	6/30/14
Ghana	GCB Bank	N/R	Caa1	N/R	-24	1,325	12/31/14
Kenya	CfC Stanbic Bank	BB-	N/R	N/R	-12	1,893	12/31/14
Nigeria	FirstBank	B+	N/R	B+	-13	24,350	12/31/14
South Africa	Standard Bank	BBB	Baa2	BBB-	5	97,674	12/31/14
Togo	Ecobank Transnational	B	N/R	N/R	-18	24,244	12/31/14

Souce for Reporting Assets: Fitch Solutions, except for ** bank’s financial reports Ratings current as of August 14, 2015

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