The Bankwatch

Tracking the consumer evolution of financial services

World Safest Banks are European, Canadian and Australian

The worlds safest banks are European, Canadian and Australian.

WORLD’S 50 SAFEST BANKS 2009 | Global Finance Magazine

New York, August 25, 2009 — With bank stability still high on corporate and investor agendas,Global Finance publishes its 18th annual list of the world’s safest banks. After two tumultuous years that saw many of the world’s most respected banks drop out of the top-50 safest banks list, the dust appears to be settling. Those banks that kept an iron grip on their risk exposure before the financial crisis blew up have consistently topped the table and maintain their standing among the top echelon in this year’s ranking. At the same time, the big name banks that lost their safest bank ranking during the credit crunch are still absent from the list as they struggle to rebuild their credit standing. The “World’s 50 Safest Banks” 2009 were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moody’s, Standard & Poor’s and Fitch were used. Global Finance has published its “World’s Safest Banks” listing for 18 years and this ranking has become a recognized and trusted standard of creditworthiness for the entire financial world. “It’s been a bumpy two years for the rating agencies and many of the banks they evaluate,”says Global Finance publisher Joseph D. Giarraputo. “More than ever customers all around the world are viewing long term creditworthiness as the key feature of the banks with which they do business.”

Written by Colin Henderson

August 30, 2009 at 22:22

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3 Responses

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  1. Surprised that no Indian banks feature on the list.


    September 6, 2009 at 08:35

  2. @Nishad … I am sure it depends on their definition of safety. Indian Banks do not seem to go out of business though.

    Colin Henderson

    September 7, 2009 at 17:26

  3. Not sure how ‘safe’ they are, but I read an interesting article somewhere regarding Islamic banks and their popularity during the global recession. Apparently the assets held by the largest Islamic banks grew by something like 60%, meaning that they’ve not felt the recession at all!

    Finance Ed

    September 11, 2009 at 04:18

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