
Trade Finance In Wartime
The huge drop-off in trade involving Russia and Ukraine has hit trade finance hard.
Global Finance Magazine's 16th annual ranking of the World's Safest Banks illustrates how sovereign rating upgrades impact the perceived strength of a country's financial institutions.
TOP 10 SAFEST BANKS BY REGION |
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North America |
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Rank |
Group Name |
Country |
Ratings |
Total Score |
Assets $ mn |
Statement Date |
||
Fitch |
Moody’s |
S&P |
||||||
1 |
Toronto-Dominion Bank |
Canada |
AA- |
Aa1 |
AA- |
23 |
844,128 |
10/31/15 |
2 |
Royal Bank of Canada |
Canada |
AA |
Aa3 |
AA- |
22 |
821,072 |
10/31/15 |
3 |
Agribank |
United States |
AA- |
Aa3 |
AA- |
21 |
99,507 |
12/31/15 |
4 |
Caisse centrale Desjardins |
Canada |
AA- |
Aa2 |
A+ |
21 |
37,458 |
12/31/15 |
5 |
Scotiabank |
Canada |
AA- |
Aa3 |
A+ |
20 |
654,664 |
10/31/15 |
6 |
Bank of Montreal |
Canada |
AA- |
Aa3 |
A+ |
20 |
490,622 |
10/31/15 |
7 |
U.S. Bancorp |
United States |
AA |
A1 |
A+ |
20 |
421,853 |
12/31/15 |
8 |
Canadian Imperial Bank of Commerce (CIBC) |
Canada |
AA- |
Aa3 |
A+ |
20 |
354,131 |
10/31/15 |
9 |
CoBank |
United States |
AA- |
N/R |
AA- |
20 |
107,428 |
12/31/14 |
10 |
Agfirst |
United States |
AA- |
N/R |
AA- |
20 |
30,621 |
12/31/15 |
Latin America |
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Rank |
Group Name |
Country |
Ratings |
Total Score |
Assets $ mn |
Statement Date |
||
Fitch |
Moody’s |
S&P |
||||||
1 |
Banco del Estado de Chile |
Chile |
A+ |
Aa3 |
AA- |
20 |
46,017 |
12/31/15 |
2 |
Banco de Chile |
Chile |
N/R |
Aa3 |
A+ |
18.5 |
44,162 |
12/31/15 |
3 |
Banco Santander Chile |
Chile |
A+ |
Aa3 |
A |
18 |
48,992 |
12/31/15 |
4 |
Banco de Credito e Inversiones |
Chile |
A- |
A1 |
A |
15 |
40,683 |
12/31/15 |
5 |
BBVA Bancomer |
Mexico |
A- |
A3 |
BBB+ |
11 |
98,575 |
12/31/15 |
6 |
Scotiabank Perú |
Peru |
A- |
A3 |
BBB+ |
11 |
17,621 |
12/31/15 |
7 |
Banobras |
Mexico |
BBB+ |
A3 |
BBB+ |
10 |
37,319 |
12/31/15 |
8 |
HSBC Mexico |
Mexico |
A |
Baa2 |
BBB+ |
10 |
32,557 |
12/31/15 |
9 |
Nacional Financiera |
Mexico |
BBB+ |
A3 |
BBB+ |
10 |
22,365 |
12/31/15 |
10 |
Banco Nacional de Comercio Exterior |
Mexico |
BBB+ |
A3 |
BBB+ |
10 |
18,659 |
12/31/15 |
CENTRAL, EASTERN EUROPE AND FSU |
||||||||
Rank |
Group Name |
Country |
Ratings |
Total Score |
Assets $ mn |
Statement Date |
||
Fitch |
Moody’s |
S&P |
||||||
1 |
Komerční banka |
Czech Republic |
A- |
A2 |
A |
14 |
35,915 |
12/31/15 |
2 |
Česká spořitelna |
Czech Republic |
A- |
A2 |
A- |
13 |
38,655 |
12/31/15 |
3 |
ING Bank Śląski |
Poland |
A |
A3 |
N/R |
12.5 |
27,913 |
12/31/15 |
4 |
Bank Pekao |
Poland |
A- |
A2 |
BBB+ |
12 |
43,266 |
12/31/15 |
5 |
Bank Zachodni WBK |
Poland |
BBB+ |
A3 |
N/R |
9.5 |
35,813 |
12/31/15 |
6 |
Bank Handlowy w Warszawie |
Poland |
A- |
A3 |
N/R |
8 |
12,690 |
12/31/15 |
7 |
mBank |
Poland |
BBB |
Baa2 |
BBB |
6 |
31,664 |
31-Dec-15 |
8 |
BRD - Groupe Société Générale |
Romania |
BBB+ |
Ba1 |
N/R |
3 |
12,099 |
12/31/15 |
9 |
Banca Comercială Română |
Romania |
BBB |
Ba1 |
N/R |
0.5 |
15,035 |
31-Dec-15 |
10 |
Vnesheconombank |
Russia |
BBB- |
Ba1 |
BB+ |
-1 |
60,130 |
31-Dec-15 |
Asia |
||||||||
Rank |
Group Name |
Country |
Ratings |
Total Score |
Assets $ mn |
Statement Date |
||
Fitch |
Moody’s |
S&P |
||||||
1 |
DBS Bank |
Singapore |
AA- |
Aa1 |
AA- |
23 |
323,819 |
12/31/15 |
2 |
OCBC Bank |
Singapore |
AA- |
Aa1 |
AA- |
23 |
275,967 |
12/31/15 |
3 |
Korea Development Bank |
South Korea |
AA- |
Aa2 |
AA |
23 |
263,959 |
12/31/15 |
4 |
United Overseas Bank |
Singapore |
AA- |
Aa1 |
AA- |
23 |
223,503 |
12/31/15 |
5 |
Export-Import Bank of Korea |
South Korea |
AA- |
Aa2 |
AA |
23 |
70,369 |
12/31/15 |
6 |
Industrial Bank of Korea |
South Korea |
AA- |
Aa2 |
AA- |
22 |
204,557 |
12/31/15 |
7 |
Hang Seng Bank |
Hong Kong |
A+ |
Aa2 |
AA- |
21 |
172,173 |
12/31/15 |
8 |
China Development Bank |
China |
A+ |
Aa3 |
AA- |
20 |
1,685,954 |
12/31/15 |
9 |
Agricultural Development |
China |
A+ |
Aa3 |
AA- |
20 |
513,517 |
12/31/14 |
10 |
Export-Import Bank of China |
China |
A+ |
Aa3 |
AA- |
20 |
386,983 |
12/31/14 |
AustralAsia |
||||||||
Rank |
Group Name |
Country |
Ratings |
Total Score |
Assets $ mn |
Statement Date |
||
Fitch |
Moody’s |
S&P |
||||||
1 |
Commonwealth Bank of Australia |
Australia |
AA- |
Aa2 |
AA- |
22 |
670,798 |
6/30/15 |
2 |
National Australia Bank |
Australia |
AA- |
Aa2 |
AA- |
22 |
669,507 |
9/30/15 |
3 |
ANZ Group |
Australia |
AA- |
Aa2 |
AA- |
22 |
623,835 |
9/30/15 |
4 |
Westpac |
Australia |
AA- |
Aa2 |
AA- |
22 |
569,335 |
9/30/15 |
5 |
Kiwibank |
New Zealand |
AA |
Aa3 |
A+ |
21 |
12,514 |
6/30/15 |
6 |
Suncorp Metway |
Australia |
A+ |
A1 |
A+ |
18 |
47,393 |
6/30/15 |
7 |
AMP Bank |
Australia |
N/R |
A2 |
A+ |
15.5 |
12,603 |
12/31/15 |
8 |
Bendigo and Adelaide Bank |
Australia |
A- |
A2 |
A- |
13 |
50,709 |
6/30/15 |
9 |
Bank of Queensland |
Australia |
A- |
A3 |
A- |
12 |
34,328 |
8/31/15 |
10 |
Macquarie Group |
Australia |
A- |
A3 |
BBB |
10 |
150,655 |
3/31/16 |
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