Surveys
European Firms Dominate Rankings For World's Strongest Banks
Despite all the travails of the eurozone in recent years, European banks dominate the top part of a ranking of the world’s “safest banks”, with KfW of Germany in first place, while the highest-scoring North America bank is Canada’s TD Bank Group, while the highest-rated US bank is BNY Mellon, ranked at 31.
The figures come from Global Finance, the publication, in its 22nd annual ranking of the world’s 50 most robust banks. The data may be suggestive that some risks have moved eastwards, the publication said.
“Canadian banks are once again the best performing in North America, with six banks in the top 50. But now US institutions are catching up, also boasting six banks in the top 50. Banks from Singapore are the strongest in Asia, as are those from Chile in Latin America. Once again the safest banks in Europe have explicit guarantees from AAA-rated governments. Development banks represent a large contingent of the Top 50,” the publication said.
The ranking are as follows:
Rank Group Name Country
1 KfW Germany
2 Bank Nederlandse Gemeenten Netherlands
3 Zürcher Kantonalbank Switzerland
4 Landwirtschaftliche Rentenbank Germany
5 L-Bank Germany
6 Nederlandse Waterschapsbank Netherlands
7 Caisse des Dépôts et Consignations France
8 NRW.Bank Germany
9 Banque et Caisse d’Epargne de l’Etat Luxembourg
10 Rabobank Netherlands
11 TD Bank Group Canada
12 DBS Bank Singapore
13 Oversea-Chinese Banking Corp Singapore
14 United Overseas Bank Singapore
15 Royal Bank of Canada Canada
16 National Australia Bank Australia
17 Commonwealth Bank of Australia Australia
18 Westpac Australia
19 ANZ Group Australia
20 Nordea Sweden
21 Bank of Nova Scotia Canada
22 Svenska Handelsbanken Sweden
23 Hang Seng Bank Hong Kong
24 Caisse centrale Desjardins Canada
25 HSBC United Kingdom
26 Sparkassen-Finanzgruppe Germany
27 China Development Bank China
28 Bank of Montreal Canada
29 CIBC Canada
30 Agricultural Development Bank of China China
31 BNY Mellon United States
32 Pohjola Finland
33 CoBank United States
34 AgriBank United States
35 National Bank of Abu Dhabi UAE
36 Korea Finance Corporation South Korea
37 National Bank of Kuwait Kuwait
38 BancoEstado Chile
39 AgFirst United States
40 DZ Bank Germany
41 U.S. Bancorp United States
42 Industrial Bank of Korea South Korea
43 Korea Development Bank South Korea
44 Qatar National Bank Qatar
45 Northern Trust United States
46 Samba Financial Group Saudi Arabia
47 Bank of Taiwan Taiwan
48 Banco de Chile Chile
49 LGT Bank Liechtenstein
50 Bank of Tokyo-Mitsubishi UFJ Japan
Winners were selected through an evaluation of long-term credit ratings - from Moody’s, Standard & Poor’s and Fitch - and total assets of the 500 largest banks worldwide.
