NEW YORK, Sept. 9, 2015 — Global Finance has named the World’s 50 Safest Commercial Banks in an exclusive survey to be published in the November 2015 issue.
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The top spots in this year’s list are dominated by Canadian and Singaporean banks. TD Bank Group once again tops the ranking of the 50 Safest Commercial Banks. Three of Singapore’s leading banks take the next three spots: DBS comes in second on the ranking, followed by Oversea-Chinese Banking Corporation and United Overseas Bank. Finally, Royal Bank of Canada takes over from Rabobank in fifth place. The Dutch bank has dropped to 14th on this year’s list.
New additions to this year’s list comprise Switerland’s Banque Pictet & Cie, at 13th, and Kiwibank of New Zealand, in 20th place, LGT Bank of Liechtenstein (29th) and EFG Bank of Switzerland (38th).
The biggest jump up the list this year was made by Norway’s DNB—rising from 48th last year to come in 23rd in 2015.
In addition to the World’s 50 Safest Commercial Banks, the full report also includes the following rankings: World’s 50 Safest Banks, Safest Banks by Country, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the GCC, Safest Banks by Region (Asia, Australasia, Central & Eastern Europe, Latin America, Middle East/Africa, North America and Western Europe) and Safest Emerging Markets Banks by Region (Asia and Sub-Saharan Africa).
Banks were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide. For commercial banks to qualify for this ranking, they must not be majority owned by government or regional authorities.
“The institutions that make this list are not backed by government guarantees, but nonetheless are among the strongest and most secure banks in the
world, providing safety and security to corporates and investors,” says Joseph Giarraputo, publisher and editorial director of Global Finance.
|1||TD Bank Group||Canada|
|3||Oversea-Chinese Banking Corp||Singapore|
|4||United Overseas Bank||Singapore|
|5||Royal Bank of Canada||Canada|
|6||National Australia Bank||Australia|
|7||Commonwealth Bank of Australia||Australia|
|12||Deutsche Apotheker- und Ärztebank||Germany|
|13||Banque Pictet & Cie*||Switzerland|
|16||Bank of Nova Scotia||Canada|
|17||Hang Seng Bank||Hong Kong|
|19||Caisse centrale Desjardins||Canada|
|21||Bank of Montreal||Canada|
|26||Qatar National Bank||Qatar|
|28||National Bank of Kuwait||Kuwait|
|31||Banque Fédérative du Crédit Mutuel||France|
|32||U.S. Bancorp||United States|
|33||BNY Mellon||United States|
|36||Samba Financial Group||Saudi Arabia|
|37||Banco de Chile||Chile|
|41||Wells Fargo||United States|
|42||Standard Chartered||United Kingdom|
|43||State Street||United States|
|44||National Bank of Canada||Canada|
|45||Northern Trust||United States|
|46||Al Rajhi Bank||Saudi Arabia|
|47||Riyad Bank||Saudi Arabia|
|49||Banco Santander Chile||Chile|
|50||Bank of Tokyo-Mitsubishi UFJ||Japan|
* New entry to the ranking
** Greatest gain over position on the 2014 list
Ratings current as of August 14, 2015
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 28 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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