mountbatten
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Note how high up the Singaporean banks are... and none from Malaysia, India and the Philippines!!!
So be careful where one place your golden goose especially for those retirees...
Global Finance announces a half-yearly update World’s 50 Safest Banks: April 2013
NEW YORK, February 26, 2013 — Bank stability is an ever-more pressing concern for the world’s companies and investors. It is within this context that Global Finance announces the half-yearly update to its ranking of the World’s 50 Safest Banks—the recognized standard of creditworthiness for the entire financial world since it was first introduced in 1992.
In developed markets, economic uncertainty has affected the ratings of some financial institutions, including a number of banks in Canada—which had been seen as a bastion of banking safety since the crisis began in 2007. While in emerging markets, institutions have generally held their ratings and moved up the list as some developed market banks moved down.
The biggest climber from the prior list published in October 2012 is BancoEstado of Chile, up six positions from 42 to 36, followed by Svenska Handelsbanken (up 5) and Nordea (up 4). Newcomers to this year’s Top 50 list include two South Korean banks (Korea Finance Corp and Industrial Bank of Korea) and Norway’s DnB. With Toronto Dominion bank having lost its Aaa rating from Moody’s, no private sector bank now holds a Triple-A rating from any of the agencies.
“Counterparty risk is of prime importance to global CFOs and financial executives as economic uncertainty continues to trouble global markets,” says Global Finance publisher Joseph D. Giarraputo. “Global Finance’s Safest Banks ranking provides an independent analysis of each region’s banks that companies can use as a tool to benchmark their counterparties. The institutions that top our ranking of the Safest Banks are those that have shown their strength in times of turbulence.”
The ranking was created through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks worldwide.
WORLD’S 50 SAFEST BANKS - April 2013
1
KfW
26
China Development Bank
(Germany)
(China)
2
Bank Nederlandse Gemeenten
27
Bank of Montreal
(Netherlands)
(Canada)
3
Zürcher Kantonalbank
28
CIBC
(Switzerland)
(Canada)
4
Landwirtschaftliche Rentenbank
29
BNY Mellon
(Germany)
(United States)
5
L-Bank
30
Agricultural Development Bank of China
(Germany)
(China)
6
Nederlandse Waterschapsbank
31
National Bank of Abu Dhabi
(Netherlands)
(United Arab Emirates)
7
Caisse des Dépôts et Consignations
32
CoBank, ACB
(France)
(United States)
8
NRW.BANK
33
Korea Finance Corp
(Germany)
(South Korea)
9
Banque et Caisse d’Epargne de l’Etat
34
Pohjola Bank
(Luxembourg)
(Finland)
10
Rabobank
35
National Bank of Kuwait
(Netherlands)
(Kuwait)
11
TD Bank Group
36
BancoEstado
(Canada)
(Chile)
12
DBS Bank
37
DZ Bank
(Singapore)
(Germany)
13
Oversea-Chinese Banking Corp
38
Banque Fédérative du Crédit Mutuel
(Singapore)
(France)
14
United Overseas Bank
39
U.S. Bancorp
(Singapore)
(United States)
15
Royal Bank of Canada
40
Industrial Bank of Korea
(Canada)
(South Korea)
16
National Australia Bank
41
Northern Trust
(Australia)
(United States)
17
Commonwealth Bank of Australia
42
Qatar National Bank
(Australia)
(Qatar)
18
Westpac
43
Samba Financial Group
(Australia)
(Saudi Arabia)
19
ANZ Group
44
La Banque Postale
(Australia)
(France)
20
Nordea
45
Bank of Taiwan
(Sweden)
(Taiwan)
21
Bank of Nova Scotia
46
Banco de Chile
(Canada)
(Chile)
22
Svenska Handelsbanken
47
Wells Fargo
(Sweden)
(United States)
23
Caisse centrale Desjardins
48
Standard Chartered
(Canada)
(United Kingdom)
24
Kiwibank
49
SEB
(New Zealand)
(Sweden)
25
HSBC
50
DnB
(United Kingdom)
(Norway)
So be careful where one place your golden goose especially for those retirees...
Global Finance announces a half-yearly update World’s 50 Safest Banks: April 2013
NEW YORK, February 26, 2013 — Bank stability is an ever-more pressing concern for the world’s companies and investors. It is within this context that Global Finance announces the half-yearly update to its ranking of the World’s 50 Safest Banks—the recognized standard of creditworthiness for the entire financial world since it was first introduced in 1992.
In developed markets, economic uncertainty has affected the ratings of some financial institutions, including a number of banks in Canada—which had been seen as a bastion of banking safety since the crisis began in 2007. While in emerging markets, institutions have generally held their ratings and moved up the list as some developed market banks moved down.
The biggest climber from the prior list published in October 2012 is BancoEstado of Chile, up six positions from 42 to 36, followed by Svenska Handelsbanken (up 5) and Nordea (up 4). Newcomers to this year’s Top 50 list include two South Korean banks (Korea Finance Corp and Industrial Bank of Korea) and Norway’s DnB. With Toronto Dominion bank having lost its Aaa rating from Moody’s, no private sector bank now holds a Triple-A rating from any of the agencies.
“Counterparty risk is of prime importance to global CFOs and financial executives as economic uncertainty continues to trouble global markets,” says Global Finance publisher Joseph D. Giarraputo. “Global Finance’s Safest Banks ranking provides an independent analysis of each region’s banks that companies can use as a tool to benchmark their counterparties. The institutions that top our ranking of the Safest Banks are those that have shown their strength in times of turbulence.”
The ranking was created through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks worldwide.
WORLD’S 50 SAFEST BANKS - April 2013
1
KfW
26
China Development Bank
(Germany)
(China)
2
Bank Nederlandse Gemeenten
27
Bank of Montreal
(Netherlands)
(Canada)
3
Zürcher Kantonalbank
28
CIBC
(Switzerland)
(Canada)
4
Landwirtschaftliche Rentenbank
29
BNY Mellon
(Germany)
(United States)
5
L-Bank
30
Agricultural Development Bank of China
(Germany)
(China)
6
Nederlandse Waterschapsbank
31
National Bank of Abu Dhabi
(Netherlands)
(United Arab Emirates)
7
Caisse des Dépôts et Consignations
32
CoBank, ACB
(France)
(United States)
8
NRW.BANK
33
Korea Finance Corp
(Germany)
(South Korea)
9
Banque et Caisse d’Epargne de l’Etat
34
Pohjola Bank
(Luxembourg)
(Finland)
10
Rabobank
35
National Bank of Kuwait
(Netherlands)
(Kuwait)
11
TD Bank Group
36
BancoEstado
(Canada)
(Chile)
12
DBS Bank
37
DZ Bank
(Singapore)
(Germany)
13
Oversea-Chinese Banking Corp
38
Banque Fédérative du Crédit Mutuel
(Singapore)
(France)
14
United Overseas Bank
39
U.S. Bancorp
(Singapore)
(United States)
15
Royal Bank of Canada
40
Industrial Bank of Korea
(Canada)
(South Korea)
16
National Australia Bank
41
Northern Trust
(Australia)
(United States)
17
Commonwealth Bank of Australia
42
Qatar National Bank
(Australia)
(Qatar)
18
Westpac
43
Samba Financial Group
(Australia)
(Saudi Arabia)
19
ANZ Group
44
La Banque Postale
(Australia)
(France)
20
Nordea
45
Bank of Taiwan
(Sweden)
(Taiwan)
21
Bank of Nova Scotia
46
Banco de Chile
(Canada)
(Chile)
22
Svenska Handelsbanken
47
Wells Fargo
(Sweden)
(United States)
23
Caisse centrale Desjardins
48
Standard Chartered
(Canada)
(United Kingdom)
24
Kiwibank
49
SEB
(New Zealand)
(Sweden)
25
HSBC
50
DnB
(United Kingdom)
(Norway)
