The World’s 50 Safest Banks 2010: Some Notable Points

by: David Hunkar

The Global Finance magazine has published its list of the world’s 50 safest banks for this year. These banks 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.” The magazine has published this annual listing for 19 years.

The World’s 50 Safest Banks 2010:

S.No. Bank Country
1 KfW Germany
2 Caisse des Depots et Consignations (CDC) France
3 Bank Nederlandse Gemeenten The Netherlands
4 Zuercher Kantonalbank Switzerland
5 Landwirtschaftliche Rentenbank Germany
6 Rabobank Group The Netherlands
7 Landeskreditbank Baden-Wuerttemberg - Foerderbank Germany
8 Nederlandse Waterschapsbank The Netherlands
9 NRW.Bank Germany
10 Royal Bank of Canada Canada
11 National Australia Bank Australia
12 Westpac Banking Corporation Australia
13 Commonwealth Bank of Australia Australia
14 Banco Santander Spain
15 Toronto-Dominion Bank Canada
16 Australia and New Zealand Banking Group Australia
17 ASB Bank The Netherlands
18 BNP Paribas France
19 HSBC Holdings United Kingdom
20 Credit Agricole France
21 Banco Bilbao Vizcaya Argentaria ((NYSE:BBVA)) Spain
22 Scotiabank Canada
23 DBS Bank Singapore
24 Banco Espanol de Credito S.A. (Banesto) Spain
25 Caisse centrale Desjardins Canada
26 Credit Suisse Switzerland
27 Nordea Sweden
28 Caja de Ahorros y Pensiones de Barcelona Spain
29 Svenska Handelsbanken Sweden
30 BNY Mellon United States
31 Oversea-Chinese Banking Corporation Singapore
32 United Overseas Bank Singapore
33 Pohjola Bank Finland
34 Barclays Bank United Kingdom
35 Intesa Sanpaolo Italy
36 Bank of Montreal Canada
37 CIBC Canada
38 National Bank Of Kuwait Kuwait
39 Deutsche Bank Germany
40 JPMorgan Chase United States
41 Societe Generale France
42 Wells Fargo United States
43 Banque Federative du Credit Mutuel (BFCM) France
44 Landesbank Baden-Wuerttemberg Germany
45 Credit Industriel et Commercial (CIC) France
46 Nationwide Building Society United Kingdom
47 U.S. Bancorp United States
48 Shizuoka Bank Japan
49 Northern Trust United States
50 National Bank of Abu Dhabi UAE

Source: Global Finance

Some notable points from the ranking are:

  1. Of the six major Canadian banks, five are in this list.
  2. The “four pillar” banks of Australia - National Australia Bank (OTCPK:NABZY), Westpac Banking Corporation(NYSE:WBK), Commonwealth Bank of Australia (OTCPK:CMWAY) and Australia and New Zealand Banking Group (OTCPK:ANZBY) have made it to the top 50.
  3. The tiny city state of Singapore is represented by three banks confirming the strength of the Singapore’s banking system.
  4. Some of the major British banks such as Llyods Group (NYSE:LYG), Royal Bank of Scotland (NYSE:RBS) and Standard Chartered did not make it to the list.
  5. Among the “Too-Big-To-Fail” US banks, Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are also absent in the table above.
  6. Overall, most of the safest banks are from developed countries. Despite the growth of many emerging market banks as global players such as the Chinese banks, none of them appear in the ranking.