The economic meltdown has seriously affected the global economy in some recent years. In the situation, most of investors raise the questions of “Which banks are the safest?” Here are top ten safest banks in the world compiled by Global Finance. The results are based on long-term credit ratings and analysis of total assets from 500 largest banks in the world.
This year’s Global Finance’s list of the safest banks in the world includes four of six German banks. KfW sits at the top of the pack while last year’s safest bank ranked highly at No. 5. KfW banking group, which is based in Frankfurt, is owned by the Federal Republic of Germany and the federal states. Due to the feature, KfW guarantees obligations, debt securities issues and third-party lending activities.
Safest Bank: KfW (No. 1)
Caisse des Dépôts et Consignations (CDC) is named the second safest bank in France. CDC operation is “under Parliament’s supervision and guarantee”
The Bank Nederlandse Gemeenten (BNG), which is owned by both the Dutch government and municipalities, goes to the third place. The bank’s total assets are 118.5 billion euros (US$ 170.8 billion)
The Zuercher Kantonalbank with assets of $ 126 billion Swiss francs (US$ 159 billion) is representative of Swiss banking system in the fourth place
Banque et Caisse d’Épargne de l’État is in the fifth position of the list and only Luxembourg bank to make Global Finance’s list
Banco Santander, which operates in Europe, Asia, North America, Latin America, and Africa, is one of the largest banking groups in Europe with more than 1.2 trillion euro (US$ 1.7 trillion) in assets
The Royal Bank of Canada (RBC) also features on this list with market cap of $ 72.8 billion
The National Australia Bank Limited and Commonwealth Bank of Australia place together in the 12nd place
HSBC, with 1,347 U.K. offices and a market cap of $ 149.6 billion, is the biggest and safest bank in the United Kingdom
DBS Bank, the safest bank in Singapore, has 200 branches across 50 cities throughout Asia
Caisse des Dépôts et Consignations
Jolie Crussel, an economic expert, is keen on analyzing the economic situations in the world. Currently, she often delivers lectures on economic solutions to students and provides advice for many firms